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EXAM SEASON: PARENTS PRIORITISE MENTAL HEALTH OVER TOP GRADES SAYS NIMBL

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LONDON, May 15, 2024 /PRNewswire/ — Exam season is upon on us.  As students try to cope during this pressure-cooker time, many parents are turning to reward children for their hard work not just exam success according to a survey by nimbl, the leading pocket money card and app for 6 to 18 year olds. 

The survey highlights that although parents want their children to do well, getting the top results is not the number one priority for the majority of those surveyed, with  8 in 10 primarily want to show their appreciation for their child’s efforts and 6 in10 want to motivate them to work hard.

Parents surveyed expressed that the motivation to reward their child for academic achievements has broadened.  More than half the parents  want to help foster important life skills such as focus and a good work ethic.  This signals an attitudinal shift from previous years where focus was more on rewarding children to achieve top grades. 

Majority surveyed (8 in 10) believe that rewards help their child understand the connection between hard work and financial rewards, with over 1 in 2  believe it is very important to give rewards to encourage them to work hard in school.  4 in 10 parents feel that introducing rewards early on can prepare children for the competitive nature of the workforce and help develop valuable skills such as discipline and goal setting. 

“The rewards should be varied and discussed – something that the children will appreciate but not expect as a given. This should motivate and encourage them to work hard and develop a work habit that will help them throughout their lives.  They understand it’s given for their dedication not high scores,” said Sylvia (region), son xx (17).

With the growth of children’s mental health issues reaching crisis point according to the NHS, the nimbl survey found that 47% of parents prioritise their child’s mental health over academic success and 49% want to achieve a balance their child’s academic success with their overall happiness and mental health.

The survey highlighted that support for academic achievement also came from other family members and friends (6 in 10), with grandparents playing a key role in rewarding their grandchildren, nearly 1 in 2. 

Experts argue putting a price on academic achievements may undermine the intrinsic motivation for learning, the importance of intellectual curiosity and passion for knowledge. When students are solely motivated by money or rewards, there is a risk that the joy of learning and personal growth may take a back seat.

Ultimately, there is no right answer and parents can feel conflicted even when they are using incentives and question if it is putting more pressure on their child.  The Nimble survey showed 1 in 10 parents often feel conflicted and 3 in 10 sometimes feel conflicted.

Alana Parsons, nimbl, Chief Executive, said: “As you would expect there are many opposing views on incentivising children to study.  But what the nimbl survey does signal in Mental Health Awareness month is that whatever side of the fence you sit on, we need to address the narratives around academic achievements and the values we nurture in our children’s formative years to pave a way to a healthier and more successful society and future workforce.”

Notes to Editor

nimbl surveyed 353 parents of children aged under 11 – 18 years old.  Full release here

About nimbl

nimbl is an award-winning pocket money card and app, designed with parents, carers and young people in mind.   https://www.nimbl.com/

Logo – https://mma.prnewswire.com/media/2387046/4705204/nimbl_Logo.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/exam-season-parents-prioritise-mental-health-over-top-grades-says-nimbl-302145346.html

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PB Fintech slips 2% after over 8 million shares change hands via block deal

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PB Fintech witnessed a 2% decline in its stock price, reaching Rs 1,313.65 per share, as approximately 8.4 million shares, equivalent to 1.86% of outstanding shares, were exchanged via block deals on the exchanges. By 9:44 AM, the volume surged to 9 million shares collectively on both exchanges, while PB Fintech’s stock price dipped by 0.56% to Rs 1,333 apiece, contrasting with a 0.22% decline in the S&P BSE Sensex.

Executive Share Sales

On May 16, PB Fintech announced that its Chairman and CEO, Yashish Dahiya, alongside Vice Chairman and Whole-time Director, Alok Bansal, intended to sell partial stakes in the company. Dahiya plans to sell up to 5.4 million equity shares, while Bansal aims to divest up to 2.97 million equity shares. Proceeds from the sale will be allocated primarily towards taxes on current and future ESOP exercises.

Following the sale, Dahiya will retain a 4.83% stake, while Bansal will hold a 1.63% stake in PB Fintech on a fully diluted basis. The company clarified that no further share sales are planned by the duo for at least one year.

Company Profile and Financial Performance

PB Fintech is actively involved in providing integrated online marketing and IT consulting services, primarily for the financial services industry, including insurance. The company operates Policybazaar, India’s largest digital insurance marketplace, and Paisabazaar, which offers lending-related services.

In Q4FY24, PB Fintech reported a net profit of Rs 60.19 crore, marking a significant improvement from the Rs 9.34 crore loss in the corresponding period of the previous year. The company’s revenue from operations surged by 25.4% year-on-year to Rs 1,090 crore in Q4 FY24, compared to Rs 869 crore in Q4 FY23.

For the entire fiscal year, PB Fintech’s net profit stood at Rs 64 crore, contrasting with the Rs 488 crore loss in FY23. The company’s consolidated operating revenue rose by 34% year-on-year to Rs 3,437 crore.

Analyst Perspectives

Analysts at Nuvama Institutional Equities raised their FY25/26 Ebitda estimates significantly to accommodate higher growth and improved profitability. However, they maintained a ‘Reduce’ rating on the stock due to its rich valuation, revising their target price to Rs 1,160.

Keynote Capital downgraded PB Fintech’s stock to ‘Reduce’ from ‘Buy’, citing that most of the positives appear to be priced in. Despite acknowledging the company’s positive momentum and profitability, the brokerage believes that current market expectations may be overly optimistic.

PB Fintech continues to navigate its growth trajectory amidst strategic initiatives and evolving market dynamics, as reflected by varying analyst viewpoints.

Source: business-standard.com

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US fintech Yendo secures $165m in mix of debt financing and equity

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Yendo, a prominent fintech company based in the United States, has successfully secured $165 million in funding through a combination of debt financing and equity investment.

Funding Structure

The funding round comprised a mix of debt financing and equity infusion, highlighting investors’ confidence in Yendo’s growth prospects and business model. This significant financial injection underscores Yendo’s position as a key player in the fintech sector.

Investment Highlights

Yendo’s ability to attract such substantial investment underscores its appeal to investors. The company’s innovative approach and strategic positioning within the fintech landscape have positioned it for accelerated growth and market expansion.

Utilization of Funds

The newly raised capital will likely be deployed to fuel Yendo’s expansion initiatives, including product development, market expansion, and strategic acquisitions. The infusion of funds will provide Yendo with the financial resources needed to capitalize on emerging opportunities and consolidate its market position.

Market Impact

Yendo’s successful funding round is expected to have a positive impact on the broader fintech market, signaling investor confidence in the sector’s growth potential. The influx of capital into Yendo reflects the ongoing trend of significant investment activity within the fintech industry, driven by increasing demand for innovative financial solutions.

Source: fintechfutures.com

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Commerce Bank goes live with instant payment service FedNow through Temenos Payments Hub

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Commerce Bank, headquartered in Kansas City, USA, has recently activated the FedNow instant payments service as part of its ongoing modernization efforts.

Collaboration with Temenos

Commerce Bank has partnered with Temenos, a leading Swiss vendor, to enhance its real-time payment capabilities. This collaboration builds upon Commerce Bank’s previous deployment of Temenos’ core banking platform in 2022 and its adoption of the Infinity loan origination solution earlier this year.

Utilization of Temenos Payments Hub

Commerce Bank has opted for the Temenos Payments Hub to integrate the FedNow service seamlessly. According to Temenos, this choice aims to amalgamate advanced banking products with cutting-edge delivery methods.

Insight from David Roller

David Roller, CIO of Commerce Bank, views this selection as a strategic step in their modernization journey. He emphasizes the bank’s commitment to meeting the evolving expectations of its customers by leveraging the capabilities offered by the Temenos platform.

Features of the Platform

The Temenos Payments Hub, delivered via Software-as-a-Service (SaaS), offers a comprehensive suite of payment tools and frameworks. These include features like straight-through processing, automated exception handling, cloud security measures, intelligent routing, and customizable workflows.

Leveraging the US Model Bank

In addition to the Temenos Payments Hub, Commerce Bank has also leveraged Temenos’ US Model Bank. This collection of pre-configured banking processes is tailored to address the specific requirements of the US market, further enhancing Commerce Bank’s operational efficiency and customer service.

Source: fintechfutures.com

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