EMPOWERING GENERATION W FINANCIAL LITE AND DIGITAL B
SPECIALIST INSIGHT
RaviShankar Subramanian , Executive Vice President and Head of Banking Practice at Hexaware Technologies
We hear from RaviShankar Subramanian , Executive Vice President and Head of Banking Practice at Hexaware Technologies , who discusses the impact of technology on financial literacy among young people . He explores how digital banking , personalised financial education and strategic partnerships can shape the financial futures of tech-savvy generations . opportunity and responsibility . In some cases , they will be playing the role of an educator – helping to build their customers ’ awareness of potential risks to guard against , and encouraging parents to have visibility over what their children are doing . However , this isn ’ t d
Despite statistics showing that less than half of children in the UK receive formal financial education , younger generations are renowned for their tech-savviness and ability to find information independently . How do you envision this impacting the future of financial literacy and the ways young people engage with digital banking ?
Young people are ‘ digital by default ’. From checking their balance before making a purchase to splitting the cost of a meal with friends in a restaurant , teenagers naturally use digital banking services as part of their everyday life . This means a lot of people build financial literacy organically through their bank , acquiring knowledge as they progress from opening their first current account through to saving for a house deposit , and even taking out a mortgage .
Taking their customers on this journey gives banks an equal amount of
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