With evolving lifestyles, growing awareness of health and fitness, and medical advancement enabling more people to live longer, retirement will increasingly require a bigger and more stable nest egg.

To help people better understand their retirement needs and plan for their golden years, DBS Hong Kong announced the launch of Face Your Future, an experience aimed at raising awareness of the importance of retirement planning.

“Planning for the future and retirement is never easy, and is even more challenging given the current uncertainties surrounding the pandemic. As life expectancy increases, and lifestyle needs change, it is important to know how to finance for a longer life. Through Face Your Future, we hope to provide people with a better understanding of their retirement needs, so they can look forward to their future with confidence and peace of mind,”

Ajay Mathur, Managing Director and Head of Consumer Banking Group and Wealth Management, Hong Kong, at DBS Bank (Hong Kong), said.

DBS said that Face Your Future leverages facial recognition and artificial intelligence technologies to instantly help users visualise their retirement future, by estimating the user’s age, and creating a future portrait of the user at retirement age.

Face Your Future’s personalised approach includes a proprietary algorithm that estimates users’ retirement cost based on their choice of retirement lifestyle. Users can customise their lifestyle choices in Face Your Future, to define their retirement preferences, decide when they want to retire, and visualise how they may look like in their golden years.