Bulletin

Santander banks on youth to deliver digital dividends

Students, Santander Banks on Youth to Deliver Digital Dividends - SantanderCB

Santander is running a competition asking students and recent graduates to help it crack some of the financial sector's biggest digital challenges. Baroness Vadera, Santander's UK chairman, has told Times Higher Education that the competition amounts to recognition that young people are often better at technology than their older peers. 'If you're inside a big organisation, you are all talking to each other, then you start to think in the same way, so I think it's fantastic to have external input,' she said. The Big Ideas competition invites students to tackle challenges including semantic search, allowing bank staff to access customer information more quickly; digital authentication, ensuring online transactions are secure; and the incorporation of virtual reality into financial services. Since the competition was launched last year, 13 entries have been shortlisted. Prizes of up to £5,000 are on offer for the best ideas, with Santander also looking to help entrants develop proposals into solutions that could be commercialised.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?