More than 65 National Australia Bank and Telstra graduate employees aged 18-34 are taking part in a two-day challenge, creating their own technology solutions they think would help them make financially sound decisions.
NAB general manager NAB Labs Jonathan Davey says 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.
“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.”
{loadposition peter}The challenge is being held at NAB’s Melbourne headquarters and is an extension of NAB and Telstra’s decade-long technology partnership, utilising Telstra Ventures companies including Kony, Whispir, Box, Docusign, Telesign, Near and Zimperium to bring participants' ideas to life.
Telstra financial services industry executive and author of "Millennials, Mobiles and Money", Rocky Scopelliti, said the financial services industry was “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.
“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, which showcases the commitment of both companies to innovation and Telstra’s venture capital investments in world-leading technology companies, is designed to help empower millennials to unleash their entrepreneurial and creative skills to create better ways to manage finances with technology.”