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How Fintech Apps Are Improving Financial Literacy Among Young People

Fintech Review

In recent years, fintech apps have become pivotal in shaping financial literacy among Millennials and Gen Z. These innovative platforms, often mobile-first and user-friendly, simplify complex financial topics. Traditional methods of financial education often failed to engage younger audiences effectively.

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EarnUp Focuses on Financial Wellness and Support With AI Advisor Launch

The Fintech Times

a financial wellness fintech, has released its new AI Advisor to give customers around-the-clock help. From expert advice to its execution, AI Advisor provides firms with a new customer engagement tool, automating consumer financial wellness. AI Advisor provides users with hyper-personalised insights and guidance.

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Lune: Artificial Intelligence Key to Unlocking Financial Inclusion

The Fintech Times

Financial inclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. The post Lune: Artificial Intelligence Key to Unlocking Financial Inclusion appeared first on The Fintech Times.

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OCBC to Offer S$9M Financial Aid to Junior Staff Worldwide Amid Rising Living Costs

Fintech News

For OCBC’s international workforce, the financial support will be adjusted according to the economic conditions prevalent in their respective markets. To that end, we offer a range of resources and regular workshops to help strengthen their financial preparedness.”

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Gen Z and a Laissez-Faire Approach to Finance is a Misconception: Gen Z is Making Financial Plans

The Fintech Times

Only 22 per cent would use financial support to pursue a one-off big purchase, 20 per cent would use it to travel, and just 17 per cent would share it with family or friends. Moreover, just six per cent of Gen Z said they dont seek advice for financial decisions at all, compared to over a quarter (26 per cent) of Millennials.

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Three Singapore Banks Step Up to Combat Rising Cost of Living for Junior Staff

Fintech News

Beyond this financial assistance, OCBC will provide its employees with various resources to enhance their financial literacy, including informational articles, virtual talks, and workshops led by the bank’s in-house wealth advisors.

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Are Fintechs Exploiting the ‘For Good’ Mantra?

The Fintech Times

By collaborating with NGOs and other organisations committed to financial literacy and sustainability, fintechs can solidify their positive reputation. Fintech companies promote financial inclusion objectives yet their high interest rates of 18 per cent along with predatory subscription fees reveal their true operations.

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