APPLICATIONS NOW OPEN - JADE FINANCE TERTIARY STUDIES SCHOLARSHIP 2020-21 - Up-to $5000 (AUS) TO BE AWARDED

Supporting Australian students. Advancing innovative ideas and insights in financial services delivery.

As part of our community support program, Jade Finance Australia is awarding $5000 academic scholarship to empower an undergraduate or masters student advance their studies in the fields of finance, business and commerce. The Jade Finance Scholarship will be awarded to the applicant, selected by our expert panel, who has been judged to have submitted the most outstanding response to our selection criteria theme: Trends, changes and impacts on the finance lending sector.

Some ideas on what you might want to write about:

Car FInance

In preparing your written response, here’s a few ideas to consider:- the long-term effects of changes to the way consumers shop as a result of the coronavirus pandemic and how motor vehicle dealers and lenders adapted the way they connected with buyers; the rise of fintechs and how that may permanently change traditional delivery of lending car finance services; the shift to electric vehicles and how this may impact lending; changes to consumer credit laws and how lenders may need to adapt to meet the implications of such changes; and how global climate targets for 2050 may impact the number of vehicle sales and how that may flow through to the motor vehicle lending sector.

Boat Finance

We’ve prepared a few ideas which may assist you to shape your written response:- what changes should lenders make to their business model to cater for the increase in boat ownership due to travel restrictions imposed due to coronavirus; how should traditional lenders and particularly brokers adapt their approach to compete with manufacturer and dealer finance which is presented as a convenience to boat buyers; and does the lending sector need to develop more innovative consumer loan products to suit the increasing high prices of luxury cruisers.

Caravan Finance

To assist you in preparing your written response, we offer a few ideas for your consideration:- the sales of caravan surged during the COVID-19 pandemic as more consumers looked to caravanning as an alternative to other forms of travel. How should the lending market adapt its consumer product ranges to suit the growth in the recreational and leisure market? Are current consumer loan products meeting the demands of consumers? How will the rise of fintechs impact the current lending landscape in regard to caravan finance loans? How should banks, lenders and brokers adapt to address the growth of the ‘buy-now-pay-later’ sector?

Truck Finance

In preparing your written response here are a few ideas to consider:- the current historic low interest rates combined with COVID-19 stimulus measures have made buying new trucks very attractive, is this sustainable moving forward; how should lenders adapt to ensure they can maintain the momentum of 2020/21; with the increasing shift to self-employment and owner/operator/contractor/sole trader borrowers, are the current commercial lending facilities and traditional lenders meeting the needs of this truck finance sector; what changes to lending are required in response to changes in truck technology; should lenders adopt a greater climate change-consciousness to be in line with truck emissions technology; what changes to their business model should lenders adopt to safeguard against impacts from international economic outcomes.

Equipment Finance

We’ve prepared a selection of ideas to spark your own thoughts in shaping your written response. Asset acquisition has been a key area of interest during 2020/21 with low interest rates and government support measures motivating businesses to invest in new equipment. But is the traditional lending business model and approach keeping up with changes to business? How should commercial lending equipmenmt finance products adapt to suit the growth of SMEs? Is the lending sector meeting the needs of regional businesses? How can lenders adapt to meet impacts to the customers of sudden changes to international trade relations? How should the traditional lending scene adapt and embrace to meet the challenges of fintech? Will the growth in fintech truly replace the more tailored and personal approach of traditional lenders in meeting the individual needs of business?

Motorcycle Financing

To assist you in preparing your written response, we’ve prepared some of our own ideas as a guide:- should and if so how should traditional lenders and brokers adapt to take on the growth in buy-now-pay-later consumer loan products; how should brokers adapt to compete with the perceived convenience of manufacturer and dealer motorcycle finance; how will lenders need to adapt to the changes in consumer credit laws; motorcycle buyers can tend to be more contemporary and demand a more contemporary lending service, how will online lending services need to adapt to meet the demand while still implementing the necessary safeguards in place with in-person lending models.

SCHOLARSHIP DETAILS

The Jade Finance Scholarship is open to applications from university students who are currently enrolled in and completed 1 year of study in a commerce, financial studies or business studies course at an accredited university.

The award is open to both part-time and full-time students, undergraduate and post-graduate students who meet the selection criteria.

Award: Up-to $5000 to support the winner’s academic expenses.

  • Applications will be assessed and judged by a panel of professionals in the financial lending field as appointed by Jade Finance Australia.
  • Applicants must submit a written response of no more than 800 words on our theme: Trends, changes and impacts on the finance lending sector.
  • Applications must be received by midnight Australian time, on 18 July 2021
  • Winner will be decided by 31 July 2021 and advised by phone and email.
  • No correspondence will be entered into post-award.
  • The award will be deposited into the awardee’s bank account.

SELECTION CRITERIA

The Jade Finance panel will be looking for the most outstanding written response to our theme: Trends, changes and impacts on the finance lending sector.

The financial services sector has been impacted significantly by global economic events and crises, international political policy direction, government scrutiny, climate change, slow wages growth, cutbacks in business investment and shifting consumer attitudes and behaviour.

The successful applicant will be the one that shows the most impressive insights, ideas and innovative approaches to how lenders need to adapt to their meet and overcome this continuously changing and challenging environment.

APPLY NOW

 

ELIGIBILITY

  • Undergraduate or post-graduate student, currently enrolled in and completed 1 year of study in a commerce, financial studies or business studies course at an accredited university.
  • Open to both part-time and full-time students, undergraduate and post-graduate students who meet the selection criteria.
  • Submit a written response of no more than 800 words on our theme: Trends, changes and impacts on the finance lending sector.
  • Outline how the $5000 will be used to support your studies.
  • Applications must be received by midnight Australian time, on 18 July 2021
  • Winner will be decided by 31 July 2021 and advised by phone and email. `

TERMS AND CONDITIONS

  • The Jade Finance Scholarship is a private initiative by Jade Finance Australia
  • It is not associated with, or has been approved by, any university.
  • The winner is judged purely on merit and the total discretion of the judging panel as appointed by Jade Finance Australia.
  • No correspondence will be entered into.
  • Announcements regarding the winner, including the winner’s identity, will be made after discussions with and the consent of the winner.
  • All applications are treated with confidentiality and privacy.
  • Jade Finance Australia reserves the right to utilise any ideas, thoughts and concepts included in the applications with no financial compensation given to the applicant.
  • On submitting an application, the applicant waives any rights of ownership to the ideas, insights and content contained in their application.

 

APPLICATIONS OPEN
ENTER NOW

Include:

Full Name
Residential Address
Contact details: email, mobile
University and Degree Details
Attached written response in PDF format or insert into email message.

Applications received after 18 July 2021 will not be considered

SUBMIT APPLICATION NOW

 

Request Quote
Jade Finance Quote Request

Your Details

Loan Amount *

Terms of Loan *

Loan Type *

By submitting this form you agree to our T's&C's *

Go to top