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The children are our future – also in financial services

Children attend a Mathematics lesson at St Mary’s CE Primary School on March 08, 2021 in Stoke on Trent, England.
Photo: Nathan Stirk/Getty Images

Children are a significant part of the financial services’ customer base. The ICO have provided a review of children’s data together with a handy checklist.

The financial services sector is rapidly evolving, embracing new technologies, and catering to an increasingly diverse range of retail customers. Children represent a significant segment of the customer base. With the introduction of products such as junior ISAs, prepaid cards, and various account types tailored specifically for minors, the financial