Infosys Finacle launches digital banking solution for youth

The digital banking solution, specially designed for young customers between the ages of 12 to 18, is aimed at making banking a fun experience, while giving them a sense of financial responsibility.

 

Michal Reh, Senior Vice President and Global Head, Finacle, Infosys: “Millennial and Generation Zs are valuable future customers and banking organizations are recognizing the need to engage this technology-charged demographic. With Finacle’s Youth Banking solution, banks can take a lead in engaging with these young customers for their financial needs and aspirations. Catching them young gives banks an opportunity to forge long-term relationships, which in turn will result in increased loyalty and a higher share of wallet.”

 

Sanjay Khanna, Chief Information Officer, RAKBANK: “In the UAE today, a significant proportion of the population comprises the youth, who are among the most aware and empowered among the generations. We believe it is important to engage with the youth to help them inculcate the importance of banking, early on, and in the process, earn their long-term loyalty as customers.  Finacle Youth Banking solution is well suited to support this task, especially with its mobile-first and social media enablement. We look forward to offering our young customers a modern banking window, exclusively of their own.”