Contributors come from leading universities, consumer organisations and fintechs. These are the people leading the efforts behind the scenes, really bringing the Think Forward Initiative to life. Here’s an overview, listed alphabetically.
Aidan O’Brien Senior Partner, Dell EMC
“Few people get the chance to work on something that can change the world. We might however have a chance here with this project; being able to help 100 million Europeans make the end of each month a little bit easier motivates me to stay involved."
Andrea Weihrauch Assistant Professor of Marketing and Consumer Psychology, University of Amsterdam
“Financial decisions are not easy, or sexy, or fun. That’s why so many people struggle with them. Technology can help us change that. It is our responsibility as researchers, and practitioners to take on that challenge together!”
Devie Mohan FinTech Industry Researcher, Co-founder and CEO of Burnmark
"Control over your finances is one of the most empowering, and challenging, necessities of life. However, most financial decisions are emotional rather than rational. Technology has great power to be the digital rationaliser of financial decision making."
Dimitris Mavridis Economist, Université du Luxembourg
People’s resilience to the advent of life events depends on idiosyncrasies, resources, circumstances, but also on individual coping skills. Understanding what makes people overcome adversities is key in empowering them in their financial decision making.
Eric Groothedde Advisor Consumer Affairs, Dutch Banking Association
"Upon reaching to let people make better financial decisions, there is no one size fits all. Some need education, others nudging, some need both. The challenge is finding the tailor-made recipe, realizing that the (social) context has a major impact on financial decision making, but is still quite elusive."
Jared Penner Director of Thought Leadership and Consultancy, Child and Youth Finance International (CYFI)
The next generation of leaders need to be equipped with the skills necessary to make responsible financial decisions at different stages of their lives. We need more innovative ways of making financial education relevant and applicable for children and youth.
Joep Paemen Partner, Flow Design Works
"There are increasing opportunities to design, develop & implement financial solutions that truly respond to consumer needs, wants & fears. This initiative is an ideal platform for people from all kinds of backgrounds to contribute to co-creating this better future."
Katharina Norden CEO, Three Coins
Responsible financial behavior is a critical life skill in the 21st century. As actors in the private, public and social sectors, we all share a responsibility to support individuals who struggle with money to make the financial system work for them, not against them.
Leonore Riitsalu Non-profit Rahatarkus, University of Tartu, Estonian Business School
Planning personal finances for the longer term is a tedious job, it is much easier to find a good reason for not doing it today, this week or in the current economic situation.
Martijn Rozemuller Managing Director, Think ETF’s
I started Think ETF’s in 2008 from the notion that people needed better investment products to build a better financial future. Think Forward Initiative aims to help people to make better decisions in order to build a better financial future, so I gladly support TFI!
Martin Schmalzried Senior Policy and Advocacy Officer
"The Think Forward Initiative helps harnessing technology to help people solve everyday financial problems."
Merike Kukk Department of Economics and Finance, Tallinn University of Technology
Money is not a target but a tool to achieve our goals. We want people to choose the right tools so that they do not have to give up their goals.
Nathalie Spencer Behavioural Scientist, ING
"Despite good intentions, some of our natural social-psychological tendencies make it hard to manage money well today and for the future. We should be designing products and education to work with these tendencies rather than against them."
Nick Watkins Head of Insight and Evaluation Money Advice Service
"We know that unexpected bills and income shocks can have a huge impact on people’s finances. This research will help us to understand the best way of encouraging people to think more about their spending and to build a savings buffer."
Panos Papadongonas Researcher, Motivaction
Enabling people to make better financial decisions begins by looking through their eyes. Understanding the relationships among their deeply-rooted values, motivating factors and peer influence will allow creating financial services that help them to lead better lives.
Piotr Zielonka Professor at Warsaw University of Life Sciences
‘In many cases we cannot predict the future, but it does not stop us from trying. What we really can do is to reject prognosis which are passed on doubtful assumptions and seem more guessing than forecasting.’
Rich Colbaugh Partner, Periander
Applying our novel machine learning methods to social media data enables future borrowing difficulties to be accurately predicted months in advance, and reveals that the predictors of these difficulties include the consumer’s emotions and social influences.
Ruth Bradbrook Director, Developing Youth Practice
“It's not until they know we care that they care about what we know”. Relationships are key, especially when supporting young people facing challenging circumstances and transitioning to adulthood. There is no quick fix, this process takes time and commitment.
Simon Bailey Director of Partnerships and Innovation, Aflatoun
To improve financial decision making we need to work across organizational and sector boundaries and to start young.