• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar

DigiBanker

Bringing you cutting-edge new technologies and disruptive financial innovations.

  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In
  • Home
  • Pricing
  • Features
    • Overview Of Features
    • Search
    • Favorites
  • Share!
  • Log In

Project Nemo’s report shows 32% of people with a learning disability don’t have a bank account in their own name and 61% say banks don’t always meet their needs

June 24, 2025 //  by Finnovate

Project Nemo, a not-for-profit initiative, has released a report revealing the financial exclusion of adults with a learning disability. The report, ‘Safe Spending for Adults with a Learning Disability: A Call to Action for Financial Services’, highlights the challenges faced by these individuals in managing their finances. The study found that 87% of adults with a learning disability and their supporters resort to informal workarounds, often without disclosed statutory authority. The report also revealed that 32% of people with a learning disability don’t have a bank account in their own name and 61% say banks don’t always meet their needs. The report highlights the difficulty of making, receiving, and managing payments for the 1.5 million people in the UK living with a learning disability. The research explored a range of potential money management features to aid safer spending for adults with a learning disability, and identified that: To aid independent user understanding, any features should use clear and simple language, supported by visual explanations where possible; The ability to customise to suit individual needs is critical to success of any products built for this community; Notifications or settings that give supporters oversight of spending and the opportunity to intercept risky purchases provide reassurance for both supporters and users and have potential to enable greater independence.; Accessible and specialist customer support must be available to boost confidence and support longer term independence goals; Priority features for products built for this community include saving pots, the option to turn on a Calm Mode that reduces overwhelm, and wearable alternatives to payment cards.

Read Article

Category: Innovation Topics, User Interface

Previous Post: « Success of Pix and UPI is paving way for a three-stage framework for state-led fast payment systems that involves weighting pre-requisites, implementation and scaling and establishing engagement mechanisms and regulatory adjustments

Copyright © 2025 Finnovate Research · All Rights Reserved · Privacy Policy
Finnovate Research · Knyvett House · Watermans Business Park · The Causeway Staines · TW18 3BA · United Kingdom · About · Contact Us · Tel: +44-20-3070-0188

We use cookies to provide the best website experience for you. If you continue to use this site we will assume that you are happy with it.OkayPrivacy policy