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Smartwatch vs. Smartband: Similar But Not the Same

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5 Reasons You Should Buy a Smartband Instead of a Smartwatch


Have you ever wanted to track your daily steps or been intrigued by the shiny smartwatch displays in an Apple store? 20% of Americans wear some sort of smartwatch or fitness tracker every day, and as these technologies improve, usage will only increase. Choosing an accessory that you’ll wear every day is a big decision, especially when there’s potentially a hefty price tag involved.

So, what’s the difference between the two, and which one is right for you? We’ll break down the key differences, compare features, and recommend who should buy what.

How Are Smartwatches and Smartbands Similar?

Both smartwatches and smartbands are a type of wearable technology worn on the wrist. They both use sensors to determine activity levels, movement, heart rate, and more, and their overall design is relatively similar, as they wrap around your wrist with a band and have a screen display.

When smartwatches and smartbands first entered the market several years ago, they were vastly different. Smartbands were incredibly basic, while smartwatches offered more features. However, smartbands and fitness trackers have significantly increased their functionality, making many options feel close to a smartwatch. Many smartbands have highly visual displays and might even be able to make calls.

How Are Smartwatches and Smartbands Different?

A smartwatch is often viewed as an extension of your smartphone thanks to its feature-heavy capability. Smartwatches allow you to make calls, send texts, and check your calendar or social media, and they often combine the features of a fashion accessory, fitness tracker, and light smartphone. On the other hand, smartbands often have simpler designs and features and are focused more specifically on health and fitness.

Smartband vs. Smartwatch Feature Comparison

Size

Wearing something around your wrist 24/7 is a big commitment, and the size and weight of a smartwatch or smartband come into play when making that decision. Smartbands are often lighter, slimmer, and sleeker, making them more comfortable to wear every day. For example, the Nubia smartwatch offers a huge 4-inch display, while the Huawei Band 7 has an ultra-thin smartband design of only 10mm.

Battery Life

Battery life is a huge deciding factor when purchasing wearable technology, as there’s nothing more frustrating than not being able to use your new gadget because it’s dead. Smartwatches are used for calling, texting, and checking notifications, so the battery drains much quicker. Most smartwatches need to be charged daily, while the average smartband can last at least several days on a single charge. The Garmin Vivoactive can last up to 21 days on a single charge, while Samsung says the Galaxy Watch5 can last 40 hours.

Usage

Most people enjoy smartbands for their simplicity and focus on fitness and health. From the basic wellness tracking of a Fitbit to the advanced health monitoring of HeartGuide, which operates as a blood pressure monitor, many consumers choose a smartband to achieve their wellness goals or monitor chronic conditions. At the same time, many smartbands offer primary activity and health tracking, more advanced smartbands that act as true medical devices focus on heart conditions or brain activity, like the Epilert, which monitors for epileptic seizures.

Quality

Both smartwatches and smartbands have come a long way in terms of quality. Historically, smartwatches might have been considered more high-quality, but smartbands are quickly catching up. Both are often made of highly durable materials like titanium, stainless steel, or hard silicone.

Comfort

Comfort in smartwatches and smartbands often comes down to personal preference. While both offer bands in different styles, smartbands often have less material diversity, so consumers must be okay with silicone or rubber. While smartwatches have more material options for their bands — from rope-style bands to mesh to gold links — this might weigh down the wrist or be too clunky and intrusive for some wearers.

Design Options

Although smartbands usually offer more limited colors and design options, smartwatches come with dozens of band and face options. For example, the Apple Watch Series 8 launches new bands regularly, ranging widely in color, design, material, and more. Some bands even look like fashion bracelets, or you can choose a bright-orange durable band that looks like a climbing rope to fit your adventurous style.

Companion Apps and Connectivity

Most smartwatches and smartbands connect to WiFi and Bluetooth so that they can be synced to headphones. Also, most brands have a companion app like the Fitbit or Garmin App that provides even more data. Devices will sync to the app — consumers can view information on the bigger screen of their smartphone.

Who Should Buy a Smartwatch?

A smartwatch is ideal for consumers who want it all — communication tools, fitness statistics, health monitoring, and more. For someone who wants to move away from their smartphone and instead use their wearable technology, a smartwatch will help them do that. The Samsung Galaxy Watch4 is around $169 for smartwatch lovers on a budget, and more expensive options include the Apple Watch Series 8.

Who Should Buy a Smartband?

A smartband would be perfect for the health and fitness-conscious consumer. If you’re an advanced athlete who swims, bikes, and runs regularly, a smartband is full of features to enhance your workouts and help you improve your fitness. A smartband like the Fitbit Inspire 3 is an excellent baseline model with everything you need at $100. You can track your daily activity and monitor your heart rate with irregular heart rhythm notifications.

Featured Image Credit: From the Galaxy Watch6 Classic Site — Thank you!

Charlene Wan

VP of Branding, Marketing & Investor Relations

Charlene Wan, VP of Branding, Marketing & Investor Relations, Ambiq.
Wan is an experienced marketing and communications executive with a successful track record in the technology industry on a global scale. She is skilled in branding, go-to-market strategy, media relations, executive communications, and social media.

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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