NCR - Digital-First Banking - June/July 2022 - A new look at how financial literacy affects younger consumers' digital banking expectations

The Link Between Financial Literacy and Lower Banking Fines and Fees

Digital-First Banking Tracker® – June/July 2022

In this month’s Digital-First Banking Tracker, a PYMNTS and NCR collaboration, Abhijit Chaudhary, chief product officer at GO2bank, explains how the addition of simple tools, such as credit monitoring or bill consolidation, can bring consumers a host of monetary benefits.

Inside the June/July Tracker

  • An interview with Abhijit Chaudhary, chief product officer with GO2bank, about the importance of consumers’ financial literacy and the steps the FI is taking to help its customers become financially fluent 
  • Recent digital-first banking headlines, including why 54% of teens feel they are financially unprepared for their future and why individuals largely do not understand the causes of inflation
  • PYMNTS Intelligence examining how financial literacy affects expectations for digital banking and how banks can meet these demands with improved financial services

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