Latest news with #LearningAcademy
Finextra
12-05-2025
- Business
- Finextra
Creditspring and Doshi form financial education partnership
Responsible lender, Creditspring, has partnered with financial educational platform, Doshi to build the UK's financial confidence, knowledge and future stability. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The partnership will provide Creditspring members with access to financial education courses via its Learning Academy, powered by Doshi, to set goals and build their understanding of finance and money topics including budgeting, credit, mortgages, pensions and savings. The Learning Academy launched for both Creditspring Go and loan members in March. Within the first five days of launch 11,000 product-related lessons had been completed. The platform has since seen around 10,000 members interact with it, with over 16,000 lessons now having been completed. Members who complete the financial education courses are more engaged than the average member with enhanced financial literacy skills that empower them to make improved financial decisions. Members who interact with the Doshi platform are more likely not to cancel membership and are twice as likely to graduate from Creditspring Go to the full membership. The announcement comes as new research from Creditspring highlights the lack of understanding around borrowing.* Just 3% of people are able to accurately calculate interest payments due on loans while the lack of understanding around the cost of borrowing is hurting their financial stability. Only four in ten (40%) people know that the Annual Percentage Rate (APR) on a loan is determined by a borrower's financial position and credit history. Similarly, just half (51%) of people in the UK know that APRs can change during the repayment period or that interest can be charged on late fees. The situation is unlikely to improve. While a third (33%) say that finances are too complicated for them to understand, this rises to 43% of younger people (aged 18-34). Many borrowers blame lenders for their lack of understanding – almost six in ten (56%) people believe lenders make terms and conditions deliberately difficult to understand. Meanwhile, seven in ten (68%) people believe school did not equip them with the necessary financial knowledge. Three in ten (30%) say they turn to family and friends to fill this knowledge gap – rising to over half (52%) of young people (18-34 year olds). Creditspring's innovative model offers no-interest loans with clear repayment terms, capped total costs and no hidden charges, late fees, confusing interest rates or risk of debt spirals. Neil Kadagathur, CEO and Co-Founder of Creditspring, comments: 'The UK's financial literacy black hole is punishing borrowers who don't understand the true cost of credit and find themselves in financial difficulty. This is exactly why Creditspring's transparent solution was created. 'Creditspring's approach works in the same way as Netflix, offering an easy-to-understand subscription model that highlights exactly how much borrowers need to repay. The onus needs to be on lenders to bridge the financial knowledge gap by enhancing understanding. Our partnership with Doshi is another example of how we're supporting our members to improve their financial knowledge, providing skills to manage their money and protect their future financial stability.' 'Given almost no borrowers can calculate interest payments, APRs are not fit for purpose as they add an unnecessary layer of complexity to short-term borrowing – lenders need to ensure they are offering transparent and affordable credit options which don't push borrowers into punishing debt spirals.' Daniel Rose, Founder and CEO of Doshi, comments: 'We see the partnership with Creditspring as a strategic evolution—from building financial confidence to enabling better access to credit for more people, which is especially vital in the current economic climate. 'Moreover, Creditspring's innovative approach allows us to deliver more forward-thinking propositions. By analysing user engagement, we can better understand behaviour patterns, which in turn enables us to personalise the learning experience further and improve the pool of potential lenders.' Creditspring's innovative model offers an FCA-regulated credit subscription service that responsibly offers short-term, affordable credit to borrowers. Members pay a fixed membership fee every month to allow them to access two no-interest loans per year with clear repayment terms, capped total costs and no hidden charges, late fees, confusing interest rates or risk of debt spirals.
Zawya
08-05-2025
- Sport
- Zawya
Dakar 2026 Learning Academy officially launches with first cohort of young professionals
The Dakar 2026 ( Learning Academy, a new flagship legacy initiative designed to recruit and train over 400 young professionals in Games delivery, was officially launched on Wednesday. The inauguration ceremony was held as part of the seventh visit of the International Olympic Committee (IOC)'s ( Dakar 2026 Coordination Commission (CoCom) to Senegal. The training programme marks a key step in building local expertise ahead of the Youth Olympic Games (YOG) and ensuring a strong human legacy from the first Olympic sports event on African soil. As part of the structured programme, participants receive 10 days of training delivered by the IOC, followed by five days of soft-skills development. Through interactive sessions and practical exercises, they gain essential knowledge in Games planning, sports and event operations, and functional area responsibilities. This equips them with the skills to support the Dakar 2026 Organising Committee (YOGOC), while helping to build long-term event delivery capacity across Senegal and the continent. Once their training is complete, participants will join the YOGOC, applying their skills directly to the coordination and delivery of the Youth Olympic Games. In total, more than 400 young professionals will be trained through nine cohorts between now and September 2026. Over half of the Dakar 2026 workforce is expected to be composed of Learning Academy alumni, demonstrating the central role this initiative is playing in delivering the Games. The first cohort of 41 young professionals began their training in late April. They were selected from a pool of 1,800 applicants through a rigorous recruitment process. During their visit, the Coordination Commission ( members observed the first cohort in training at the Learning Academy, where the participants' enthusiasm and engagement were clearly on display. The delegation later joined the uplifting launch ceremony, which was marked by heartfelt messages, infectious enthusiasm and a strong sense of purpose from the participants. The initiative reflects the Organising Committee's strong focus on people management and long-term legacy. It also supports broader efforts to embed youth empowerment at the heart of Dakar 2026. IOC President-elect Kirsty Coventry ( congratulated the trainees and praised the impact of the initiative and the spirit of the first cohort. 'Next year, when we host the Youth Olympic Games, you are going to show the world what it is to be African, to feel African and to have that experience. You are ambassadors for the young generation of what the sporting movement can be, and the legacy the Youth Olympic Games can leave behind.' Humphrey Kayange ( Chair of the Dakar 2026 Coordination Commission, said: "On behalf of the entire Commission, we're truly excited and looking forward to engaging with you. We're confident in your ability to deliver. Together, we will bring these Games to life and celebrate the Youth Olympic Games in a uniquely African way. I wish you all the best as you begin working across different functional areas in the coming weeks. We're looking forward to your success and the success of the Games." Earlier during the CoCom meeting, Ibrahima Wade, General Coordinator of the YOGOC, emphasised the Academy's role in preparing the next generation of event professionals: 'At the Dakar 2026 Learning Academy, participants will receive appropriate support through tailored training modules and an environment where sport and Olympism will contribute to their professional development, based around the values of friendship, excellence and respect. These young recruits will go on to play an active role in delivering the first Youth Olympic Games in Africa.' The Learning Academy is part of a broader suite of legacy initiatives led by the Organising Committee to ensure that Dakar 2026 leaves a lasting impact on young people across Senegal and the African continent. The YOG Dakar 2026 will take place for two weeks from 31 October, bringing together the world's best young athletes up to the age of 17. The Games will be held across three host sites (Dakar, Diamniadio and Saly). Distributed by APO Group on behalf of International Olympic Committee (IOC).
