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New App from BECU and Slalom Consulting Promotes Financial Literacy

SEATTLE May 23, 2012   Seattle Seattle

Washington Seattle

Slalom used mLevel, hosted on the Microsoft Windows Azure cloud platform, to gamify financial literacy lessons. With BECU, they developed three games; "Banking 101," "Car-Buying Basics," and "Give Me Some Credit" that augment the learning experience and reinforce the importance of making responsible financial decisions. With the app or website, students are able to demonstrate their prowess in the personal finance arena, applying the knowledge they gain in the classroom to compete with peers. The students are encouraged to continue to play all of the games outside of the classroom to improve their personal score. A leader board aggregates scores across the nine participating classrooms from four area schools.

The app can be downloaded to a range of devices including on the Windows Phone, iOS, and Android platforms.  A web based version is also available for use on personal computers. Each 90-second game contains 30 true/false and multiple-choice questions where students earn points for each correctly answered question.

"The BECU mLevel Challenge combines two topics that are meaningful to many high school students: competition and smartphones," noted Slalom Consulting Practice Area Lead Justin Jarrett. "Students love to compete and, as many parents know, they spend a lot of time with their smartphones. Slalom is gratified to be able to combine our technology expertise with the financial education experience of our partner, BECU, to help improve the financial literacy of students."

A survey by Capital One found that 45 percent of high-school graduates are unsure or unprepared to manage their own banking and personal finances. A National Endowment for Financial Education study discovered that only 12 percent of K-12 teachers have taken a workshop on teaching personal finance. The app from BECU and Slalom, combined with lessons taught in the classroom by BECU educators, is designed to help teachers bridge that gap.

Tom Berquist

Seattle


Seattle, Wash. www.slalom.com

About BECU
$10.0 billion Washington

 

 

SOURCE Slalom Consulting

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