Background
The lack aof financial literacy can influence an individual’s ability to make informed financial decisions to manage their day-to-day and future finances. Several factors such as age, gender and income can influence financial literacy. In a financial literacy survey conducted in seven European countries found that women averaged 3.7 out of 9 questions correct, while men averaged 4.5
The following study presents data insights for banks into the likely profile of a customer who would stop using a
bank’s services, close their accounts, or switch to a different financial institution based on age, gender, annual
income, credit score and subscription to bank products. By knowing this, bank can be strategic about retaining
particular customer demographics in a pointed manner.



Why Learn Data Analytics
With businesses becoming increasingly data-driven, data analytics skills are highly sought after in Singapore’s competitive job market. Companies across industries rely on data analysts to make informed decisions, identify trends, and uncover opportunities.
The field of data analytics offers a unique blend of technical proficiency and strategic thinking. You’ll master tools like Excel, Tableau, and SQL, and apply them to solve complex problems using data. Analyze, visualize, and communicate insights that drive impactful business outcomes.
Enter the data industry with Vertical Institute’s beginner-friendly Data Analytics Bootcamp. Graduate with an IBF-accredited certification and a portfolio-ready capstone project that highlights your data analysis expertise.
Are There Government Subsidies Available?
Singaporeans and PRs can receive up to 70% IBF Subsidy off their course fees with Vertical Institute. The remaining fees can be fully claimable with SkillsFuture Credits. NTUC Union members may also utilise UTAP Funding to offset 50% of remaining fees.
Learn more about our Data Analytics course today.