Working with Employers and Platforms To Boost Financial Literacy

Financial literacy continues to be a concern here in Malaysia as highlighted by insights from the Malaysia National Strategy for Financial Literacy 2019 – 2023, conducted by Financial Education Network (FEN), that indicated gaps such as: only 43% of Malaysians understand that the growth of money is compounded over time, with 22% believe that money grows on linear basis; and 92% of Malaysians are more comfortable having deposit products against having investment products.

While the government has rolled out various programs and initiatives through the Financial Education Network and financial education platforms have continued pushing out education, can more be done?

On this episode of BizBytes, explore the potential reasons behind the gaps in financial literacy and the role that employers can play in improving financial wellness with Raevendren Ramachandran, co-founder of licensed financial planning firm Advisonomics and Effon Khoo, Founder and CEO of cloud payroll and HR software provider Kakitangan.com.

Advisonomics has partnered up with Kakitangan to integrate seamless access to the its Cashku financial planning and financial literacy app.