Student Finance - UK - May 2017
“Students can be a demanding group. Young, educated and tech-savvy students want engaging online and mobile banking services. The innovative platforms offered by digital challengers are therefore a threat to major banks with less interactive services. High street banks need to ensure that they focus efforts to improve in this area, as well as continuing to offer popular perks.”
– Rich Shepherd, Senior Financial Services Analyst
This report examines the following issues:
Students need to be educated about the positive uses of credit
Offering more useful apps will produce more financially-literate customers
Open Banking: a threat to the student banking model?