Financial literacy is a pressing issue in the financial services industry, with technology playing a crucial role in helping people become more financially literate. From using mobile apps, to teaching the basics of money management, to using VR / AR to help customers make informed decisions, technology is providing new ways to help us manage our finances. A bank in Hungary has created an app that uses a series of games to teach children the basics of money management, while other banks are introducing tools that use predictive technology to visualise potential returns on investments. Such advancements in technology are making the banking experience more accessible and user-friendly.
For a deeper dive into how technology is changing the future of financial literacy, read the latest article by Peter Ekler, Head of Future Technology at Zenitech, in Finextra titled “The impact that AR and VR technology could have on the financial services sector”.