That is a great point Lillian! I have to agree with you in the fact that the 50+ generation are typically going to be more cynical. The only thing I can say is maybe gamification in financial education first to allow them to make smarter decisions. With a little bit of gamified exposure, they will hopefully be more prone to banks using this. I will definitely have to consider this and edit to improve a solution. What do you think?
Hi Kate Rushton Thanks for forwarding me this article. I really like this idea. It takes the success of grocery labels and applies them to financial services. I know these labels really simplifies shopping for healthy food, so I feel like it can do the same to make smarter choices financial a lot user-friendly. In terms of gamification, I can definitely see labels being used as part of it. Labels will make the understanding of financial decisions easier, while gamification can will add an interactive side to it to manipulate good behavior. Interesting post thanks for the share!
Thanks Tanvi for the response. It is true that it will be beneficial from a develop stand point as well! This will open incentives for more companies to pursue applications and technology catered to this genre.