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Tuesday, June 02, 2026
Finastra x FF News

Frank Jan, CEO at Yolt – the smart thinking money app – comments:

Our research shows that 70% of UK consumers now use an app to manage their finances – a figure that rises to 89% of millennials. The fact that so many young people are now actively managing their finances is really encouraging news, especially as this includes many university students.

We know it can be hard to make ends meet when you’re a student – whether it be saving up for an epic night out, budgeting for your weekly food shop or ensuring you have enough student loan left over to pay your bills, managing your finances during this life stage can be tricky. However, more and more students are realising that money management doesn’t have to be hard work, since today’s money apps offer a quick, easy and convenient way to keep their finances in check.

The fact that one in five students still find themselves frequently overdrawn though– and that one in ten have fallen behind on payments over the last six months – suggests that education is still needed.

Money apps can make an enormous difference here; not only do they help students to budget and save more effectively, but they also empower them to see and do more with their money. By providing students with clear insights into what, when and how much they are spending, money apps can reduce their financial stress and give them much more control over their money, both in and out of term time.

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