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Fintechs that Serve Unbanked and Underserved Girls Inspired to Apply
NEW YORK – At the moment, Girls’s World Banking introduced that the appliance interval is now open for the 2021 Fintech Innovation Problem, a worldwide competitors that goals to focus on fintech improvements serving unbanked and underserved ladies to be able to construct ladies’s safety and prosperity within the face of worldwide inequalities.
Startup fintechs based mostly wherever on this planet that present monetary providers for unbanked and underserved ladies in rising markets are inspired to use. Options don’t have to be completely for unbanked and underserved ladies however should present deliberate intent to be inclusive of reaching that phase of the inhabitants.
“Now greater than ever, fintechs are a vital driver of girls’s monetary inclusion. Fintechs signify such an thrilling alternative to make actual progress in closing the gender hole and make finance work for girls. Fintechs are modern, disruptive, fixing issues with their communities in thoughts, in a digital means – precisely the factors {that a} complicated downside like ladies’s monetary exclusion wants,” mentioned Mary Ellen Iskenderian, the President and CEO of Girls’s World Banking, a worldwide group that designs and invests within the monetary options, establishments, and coverage environments in rising markets to create higher financial stability and prosperity for girls, their households, and their communities. She continued, “Our fintech problem, now in its third yr, has shortly established itself on the worldwide calendar via its relationships with innovators and collaborating fintech founders, and we’re trying ahead to the modern entries this yr.”
Fintech corporations can apply in one in all two classes:
- Constructing Safety and Resilience: How would possibly we allow unbanked and underserved ladies to construct resilience via handy, safe, and dependable entry to security nets to make sure higher equality in a post-COVID-19 world?
- Construct Financial Prosperity: How would possibly we allow unbanked and underserved ladies to construct their enterprise and family earnings and drive financial progress to make sure higher equality in a post-COVID-19 world?
Winners for the Fintech Innovation Problem might be introduced in October, and can obtain a slate of thrilling, new prizes, together with a personalized UX design steering session furnished by Visa Inc., an unique pitch assembly and suggestions session with Girls’s World Banking Asset Administration Group., and 4 1:1 management teaching and suggestions periods with one in all Girls’s World Banking’s govt coaches.
Girls’s World Banking additionally introduced at the moment that this yr, will probably be including a brand new award to the annual Fintech Innovation occasion: the Feminine Founder Award, which is able to honor a feminine founder whose fintech qualifies for the Fintech Innovation Problem, and who demonstrates exemplary management in constructing an inclusive office whereas working as a vital driver for girls’s monetary inclusion.
“Analysis reveals that the variety of world fintech founders continues to be dominated by males, with ladies founders making up simply 7% of the entire. This tracks with the dearth of feminine participation throughout the monetary and regulatory sectors, and results in additional disenfranchisement of girls. We wish to be certain that fintech doesn’t comply with the identical path of constructing gender bias into its infrastructure by highlighting and celebrating the modern ladies on the forefront of the way forward for monetary providers. It’s time for modern ladies founders to be acknowledged and celebrated,” mentioned Iskenderian.
Girls’s World Banking want to thank Ernst & Younger LLP for his or her sponsorship of the Fintech Innovation Problem in addition to core funders Australia’s Division of Overseas Affairs and Commerce and the Swedish Worldwide Improvement Company (SIDA) for his or her ongoing help of our work.
For extra data on the Fintech Innovation Problem and the Feminine Founder Award, please go to the web site.
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About Girls’s World Banking
Girls’s World Banking designs and invests in monetary options, establishments, and coverage environments in rising markets to create higher financial stability and prosperity for girls, their households, and their communities. With a worldwide attain of 56 companions in 31 international locations serving greater than 69 million ladies shoppers, Girls’s World Banking drives affect via its scalable, market-driven options; gender lens personal fairness fund; and management and variety applications. To study extra about Girls’s World Banking, go to womensworldbanking.org.
Contact:
Holly Shulman
[email protected]
(202) 674-8757
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