1、1Digital family banking features reportScheduled allowances Spending insightsSaving goals&choresYouth investment platformsDigital onboarding of minors Family budgeting tools Financial education platformsGamified financial learning Card managementParent dashoardFamily Banking FeaturesINTROJOURNEYSFEA

2、TURESCATEGORIESFEATURES OVERVIEWADVICECONTACT2INTRODUCTIONInspiration for family banking:shared finances within the familyThe digital age has revolutionised the way we bank,and this holds even truer for the younger generation.As technology varies across generation,those born into an already digital

3、world have a much more demanding expectation of digital experiences.However,there is still much evolution to undergo in digital banking as it involves the continual and everchanging needs and preferences of consumers.This report provides an overview of application features within a family banking us

4、er journey and sheds insights into the importance,trends,and implications of digital banking tailored for the youth.Why we should consider offering digital banking services to the youth Growing youth population:The global youth population is increasing,especially in regions like the Middle East.Acco

5、rding to the United Nations the global youth population(aged 15-24)is projected to reach 1.3 billion by 2030.This demographic represents a significant potential customer base for banks.Early financial literacy:Introducing banking features to the youth can foster financial literacy from a young age.A

6、 study by PwC found that 72%of parents believe that financial education should start in primary school.This not only benefits the individual,but also the economy as a whole.Digital banking can be an effective way to provide this education,as it is engaging and interactive.Loyalty and long-term custo