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- International Student Awards International Final
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PIF Recipient: Financial education platform for secondary schools
Founded in 2015, Banqer set out to tackle the global challenge of financial illiteracy. The team knew that school students were missing out on practical and engaging financial education, partly from a lack of curriculum-aligned resources, and partly from time-poor schools and teachers struggling to deliver financial education on top of everything else.
Research shows that 75% of us believe schools aren’t doing enough to combat financial illiteracy, and with financial education widely seen as a ‘circuit breaker’ for intergenerational inequality, something needed to change. That’s where Banqer’s award-winning platform came in. Through an online simulation, Banqer introduces students – from primary school through to secondary – to financial concepts like budgeting, savings, careers, insurance, renting, home ownership and investment.
"We've seen firsthand the engagement and impact that Banqer creates in New Zealand secondary school classes, and are excited to take this to the world with the support of Education New Zealand,' said Kendall Flutey, Co-Founder and CEO of Banqer
A step-change from textbooks or written resources of the past, Banqer helps students learn by doing. Learners explore their own simulative economy where they create fictitious bank accounts, earn income, pay expenses, invest, insure, budget and more.
Banqer is one of the recipients of the International Education Product Innovation Fund – an initiative funded by the New Zealand Government’s Covid Response and Recovery Fund and managed by ENZ, New Zealand’s dedicated agency for international education.
With Banqer’s platform already widely used by schools across New Zealand, the company is looking to scale up its impact and innovation to create financial empowerment for more learners around the world.
Support from the Product Innovation Fund will help the company scale Banqer High (its platform for secondary school learners) across Australia and validate new markets, including in North America. The funding will also help develop Banqer Beyond, a new product which aims to bring Banqer’s financial education to a broader audience beyond schools, which could include workplaces, community settings, or direct to consumers.
Banqer was a natural fit for the Product Innovation Fund, which is supporting seven pilot projects that deliver new, meaningful and unique learning experiences from New Zealand to the world. These pilots reimagine what a New Zealand education experience can look like and mean for global learners.
From New Zealand to the world, Banqer’s technology is setting learners on track for better financial futures. And thanks to the partnership between Banqer and ENZ, the stage is set for this New Zealand-built product to have an even greater impact around the world, delivering financial education and empowerment to learners wherever they are.
More information:
Learn more about Banqer.
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Applications and nominations for the Impact Awards are open until Sunday 23 July
The Impact Awards celebrate young New Zealanders aged 16–30, who are making a difference for our communities, country and beyond. This includes those with NZ citizenship, permanent residence or other visa for five years or have the right to work/study in NZ and have been here for two years.
This year there are five different award categories - climate, enterprise, inclusion, wellbeing, and local impact categories. Applications can be made either as an individual or a group, or you can nominate someone you know.
The Awards are run by Inspiring Stories, a kiwi charity that believes in the power of young people to create change. More information about these awards including links to the application and nomination forms can be found here The Impact Awards — Inspiring Stories
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Changes to the New Zealand Traveller Declaration Process
Travellers arriving into Auckland, Wellington, Christchurch and Queenstown Airports can now complete a digital declaration. Everyone travelling into New Zealand needs to complete a New Zealand Traveller Declaration (NZTD).
The NZTD collects travel, customs, immigration and biosecurity information and aims to improve the safety and security of New Zealand.
It’s free and needs to be completed for each traveller, including babies and children.
Key information about the online declaration process:
- Everyone travelling into New Zealand needs to complete a declaration.
- It is free and you can do it on the online form or the NZTD app.
- A declaration needs to be completed for each traveller, including babies and children.
- You can start your digital declaration at a time that suits you. The earliest time you can submit your declaration depends on whether you are travelling by air or sea.
- Your declaration is linked to your passport and is checked when you arrive at the eGate or by a border officer.
- There is a paper declaration form available for travellers who cannot complete it online.
- If you are a New Zealand visa or NZeTA holder, you still need to complete an NZTD as well.
For more information and to access the form, please visit this website: New Zealand Traveller Declaration
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International student enrolments top 59,000 for the first eight months of 2023
The Minister for Tertiary Education and Skills, Hon Penny Simmonds, today released international student enrolment data for the first eight months of 2023. From January to August 2023 there were 59,306 international student enrolments* with New Zealand education providers, a 43% increase compared to the full year in 2022.
Minister Simmonds said, “Over 59,000 enrolments, in just eight months, confirms that international students continue to find New Zealand an attractive education destination. And for the university sector with 27,535 students enrolled, where a proportion of learners may study for a number of years, there is a solid base of students from which to grow.”
International student enrolments have grown in all subsectors except wānanga. Comparing 2023 to 2022, English Language Schools have seen the greatest percentage increase in international enrolments, increasing by 347% from 1,565 to 7,001. Schools reported a 114% increase from 5,925 to 12,662. Te Pūkenga, a 32% increase from 4,955 to 6,560. Universities, a 15% increase from 24,040 to 27,535 and Private Training Establishments (funded and unfunded), a 13% increase from 5,000 to 5,671.
Universities and schools remained New Zealand’s two largest subsectors for international students.
As with all New Zealand’s competitors, China is the largest source market for international students. In the reporting period, China was 36% of enrolments, with India (10%), Japan (10%), South Korea (5%), and Thailand (4%) in the top five.
Minister Simmonds said, “It is a Government priority to diversify our recruitment efforts for international students with the aim of reaching a broader spectrum of countries.”
Final enrolment numbers for 2023 will be available shortly.
To access the latest data provided by the Ministry of Education, please use the public access link to Tableau here.
* One individual may enrol more than once
For further information:
Justin Barnett | Director of Communications, Education New Zealand
+64 21 875 132
