Research conducted in line with the launch of the Open Up 2020 Challenge found that millions struggle to keep on top of their finances, with 29 percent regularly running out of money each month - approximately 15.2 million people.
Run by Nesta Challenges in partnership with Open Banking Limited (OBL), 15 companies have been awarded £50,000 of the £1.5 million prize with Toucan, Kalgera and Wagestream also receiving an additional £50,000 due to their focus on financial inclusion issues and addressing financial wellbeing for the elderly and the vulnerable. See in article example of companies tackling the issues for eldery
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