National Australia Bank recently teamed up with Telstra to create new opportunities for Millennials to uncover digitally driven solutions to their financial concerns.

As part of a two day challenge, more than 65 National Australia Bank (NAB) and Telstra graduate employees aged 18-34 came 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.

Financial Services Ripe for Millennial Disruption.

«Millennials have deep insights into what they want and how they want to use technology in their digitally-driven lives, they can help us find solutions to the way they save and spend their money,» Davey added.

«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» said Rocky Scopelliti, Financial Services Industry Executive, Telstra.

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.