This app was designed to help prepare today’s generation for the challenges of managing money in a virtual and wired world
As the world moves more into becoming a digital and online global village, the younger generation would need to familiarise themselves with managing their money in a virtual environment.
DUMO will prepare them for such a world. Designed and created by a team of practitioners in the fields of financial education, finance and banking – DUMO is poised to be the bridge between improving your child’s financial literacy and understanding new developments in the area of financial technology. In a totally fun-filled environment.
You can’t ride a bicycle by reading a book. Same goes for money management, or especially money management. So in DUMO, kids are given a safe but close-to-reality environment. Within the mobile app, a child will be able to earn points from completing tasks, budget & manage the points and spend the points on REAL prizes. Through the kids’ behavior in the app, you will learn your child’s money attitude and how to improve them for a better future. As a parent, all these data, along with tips that will help your child, will be presented in a simplified live report.
How DUMO
works
Kids will learn important financial
concepts that will guide them in
decision making
With opportunities to earn, budget
& spend points, kids can apply
their financial knowledge & acquire
good money habits
In DUMO, kids can make financial
mistakes with their points. These
mistakes will be costly in the real
world.
DUMO is designed to motivate a child to develop important skills that will improve their academic results. As a parent, you will see your kids mastering the following skills for their academic achievements:
From having to earn, budget and manage their points, kids will pick up the following from DUMO:
Kids can experience “earning” by
completing learning tasks to
earn points
Kids can experience “budgeting”
by adding their goals to wishlist
and working towards those
goals
Parents can monitor their
children through real-time
reporting on their children’s
money personality in DUMO
Kids can experience “spending”
by using their points to win
prizes through redemption &
auction
Parents can shape & motivate
their kids by awarding kids with
points for completing tasks in
DUMO.
DIGITALBANK PTE. LTD.
3 Fraser Street, Duo Tower, Level 08-21, Singapore 189352