Trust in Australian banks is dwindling – just 36% of Aussies believe their bank has their best interests at heart. With the sector amid a shake-up, Up is giving people an easier way to manage their money, with flexibility, in-depth analysis and more human communication.

Why can’t Gen Y budget? And how is comparison culture fuelling bad credit? Canvas8 spoke with Melissa Browne, author ofUnf*ck Your Finances, to discuss Australian Gen X and Y’s spending trends, their unhealthy relationship with money and how they can take control of their finances.

Australian banking venture Beem It allows Aussies to instantly transfer money, regardless of their bank. A survey commissioned by the app found that many people are too embarrassed to ask friends and family to pay back money – indicating brand opportunities to help alleviate this stress.

A third of Australians trust robo-advisors more than humans when it comes to getting insight into strategic investment. The findings reflect a shift towards automated money management, with people moving beyond using tech for purely transactional functions.