18 January 2018
visit http://response.ncr.com

NAB and Telstra enlist millennials to uncover new ideas for financial fitness

24 April 2017  |  4000 views  |  1 Source: NAB

NAB and Telstra have teamed up to create new opportunities that empower Millennials to develop stronger financial habits by uncovering digitally driven solutions.

As part of a two day challenge, more than 65 NAB and Telstra graduate employees aged 18-34 have come together to uncover new ideas that help build financial resilience.

Held at NAB’s Melbourne headquarters in April, the participants were empowered to create their own technology solutions that they think would help them make financially sound decisions.

NAB Executive General Manager NAB Labs Jonathan Davey said the graduates are thinking creatively and designing concepts for a financial management tool that other Millennials could use to build strong financial foundations.

“Millennials have deep insights into what they want and how they want to use technology in their digitally-driven lives, and as leading financial and technology institutions we’re committed to listening to our customers and better understanding their behaviours and desires,” Mr Davey said.

“This challenge is an example of how we’re putting the power into their hands and giving them the tools they need to help us find solutions to the way they save and spend their money.”

Telstra Financial Services Industry Executive and author of ‘Millennials, Mobiles and Money’, Rocky Scopelliti, Financial Services Industry Executive, Telstra said the financial services industry is ripe for Millennial disruption.

“We believe that working collaboratively with our graduates is a step towards empowering the participants to create their own digital financial management tool to develop good financial habits for now and in the future,” Mr Scopelliti said.

“While Millennials face financial challenges unlike previous generations, they also have access to digital tools and technology that has the potential to redefine how they manage their money.

“This event is designed to help empower Millennials to unleash their entrepreneurial and creative skills to create better ways to manage finances with technology,” Mr Scopelliti said.

The challenge is an extension of NAB and Telstra’s decade long technology partnership and will utilise Telstra Ventures companies including Kony, Whispir, Box, Docusign, Telesign, Near and Zimperium to bring participants ideas to life.

Comments: (1)

Keith Stonell
Keith Stonell - Guidewire - London | 07 June, 2017, 13:35

Like how you're tackling the issue of getting Milennials to develop financial habits. It is something I blogged about recently in relation to insurance based on our research and input from other sources. Striking to me how few Milennials protect their belongings in the UK compared to other markets like Germany 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11017 views comments | 32 tweets | 37 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10230 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9841 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9327 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8347 views comments | 8 tweets | 6 linkedin

Featured job

London, UK (or flexible)

Find your next job