I’m delighted to announce that Girls’s World Banking, in partnership with the Financial Authority of Singapore (MAS) and KPMG Digital Village, is internet hosting its first-ever FinTech Innovation Problem.
We’re difficult FinTech corporations to design a digital monetary resolution that permits low-income ladies clients to construct their financial safety and prosperity. For instance, corporations may set up a security web (equivalent to insurance coverage or financial savings) to mitigate dangers that girls and their households face. Or, they may design an answer that permits a girl to develop her financial prosperity by bettering entry to credit score or cost programs.
During the last a number of years, FinTechs have justifiably earned the repute as business disrupters. However shouldn’t we measure true disruption to the monetary companies business by how properly FinTechs serve these shoppers who’re at the moment excluded by the incumbent gamers? As a substitute of wrangling with the banks for a slice of dwindling market share, shouldn’t FinTechs develop the general market by addressing the wants of the almost 2 billion unbanked and underserved ladies who’re routinely ignored?
Due to our partnership with MAS and KPMG Digital Village, Girls’s World Banking is creating a chance to be really disruptive. The three finalists of the Making Finance Work for Girls FinTech Innovation Problem will obtain:
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The chance to pitch at Girls’s World Banking’s signature Making Finance Work for Girls Summit in Singapore on October twenty third (all bills paid). Viewers members embody traders, donors, and monetary service suppliers, from across the globe.
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A free 1-year membership within the Girls’s World Banking International Community of Companions
And the winner will obtain:
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Entry as a finalist to the Financial Authority of Singapore’s International FinTech Hackelerator Demo Day on the e Singapore FinTech Pageant (powered by KPMG Digital Village) and be fast-tracked to obtain an S$200,000 MAS Proof-of-Idea Grant. The highest 3 winners of the MAS International FinTech Hackcelerator will even get a further S$50,000 money prize.
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The chance to hitch the 2020 class of Girls’s World Banking’s flagship Management & Variety for Innovation Program (LDIP) offered along with the Wharton Faculty of Enterprise. Acceptance to the LDIP can also be contingent upon assembly particular program entry necessities.
All of us at Girls’s World Banking are excited to see what is going to occur when probably the most inventive and progressive minds in monetary companies deal with the problem of ladies’s monetary inclusion. We’re additionally very grateful for the help of the Invoice & Melinda Gates Basis, the lead sponsor of our Making Finance Work for Girls Fintech Innovation Problem.
Purposes are due no later than June 30, 2019. For all different particulars on the way to apply, go to https://www.womensworldbanking.org/making-finance-work-for-women/fintechinnovationchallenge/
