Submit a 1,000 word essay on any of the topics below
Our team will evaluate every submission and get back to you with further information if you have been shortlisted. The winner(s) will be selected based on the relevance, quality and profundity of their essay submission.
According to the WeMoney State of the Economy Survey 2021-2022, 1 in 2 Aussies are feeling worried about the economy while 1 in 3 live paycheque to paycheque. With the increasing cost of living due to inflation and interest rates, how can you in your area of study contribute and improve every Australian's financial wellness?
Several studies and private research reports indicate that Australians are vastly underinsured, uninsured, and over indebted. However, according to government data, there are 13.25 million working Australians with over 9 million working full time. International wealth reports from Credit Suisse show that Aussies consistently have one of the largest middle classes and highest level of assets per person in the world. In your opinion, why do you think this is the case? And how can you help contribute to bridging this gap?
Frollo’s report of the State of Open Banking 2023 indicated that only 23% of Aussies trust fintechs (compared to 55% trusting banks, 36% trusting utility companies, 34% trusting brokers/financial advisors, and 27% trusting big technology companies). With the emergence of CR and rise of open banking, what advice can you give fintechs to further improve trust from the Gen Z and Millennial age demographic?
According to the latest EY FinTech Australia Census, the top 3 challenges or inhibitors to attracting and retaining talent are rising employee salaries (66%), access to skilled domestic workers (58%) and competition from big tech (52%) with the scarcest areas of talent across the industry remaining engineering/software (66%), data engineer/data scientist (40%), product management (29%) and sales (29%). How do you think fintechs can improve talent acquisition and retention in 2023 and beyond?
Look into 3-4 best policies of financial regulations that highly impact financial wellness all over the world. Do you think these can be incorporated in the Australian financial policies? If yes, why and how? Explain your answer.