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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 prospects to construct their financial safety and prosperity. For instance, corporations may set up a security internet (comparable to insurance coverage or financial savings) to mitigate dangers that girls and their households face. Or, they might design an answer that allows a girl to increase her financial prosperity by enhancing entry to credit score or fee programs.
During the last a number of years, FinTechs have justifiably earned the fame as trade disrupters. However shouldn’t we measure true disruption to the monetary providers trade by how nicely FinTechs serve these purchasers 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 increase the general market by addressing the wants of the practically 2 billion unbanked and underserved ladies who’re routinely ignored?
Because of our partnership with MAS and KPMG Digital Village, Girls’s World Banking is creating a possibility to be actually 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 affix the 2020 class of Girls’s World Banking’s flagship Management & Variety for Innovation Program (LDIP) introduced along with the Wharton College of Enterprise. Acceptance to the LDIP can 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 essentially the most artistic and progressive minds in monetary providers 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 best way to apply, go to https://www.womensworldbanking.org/making-finance-work-for-women/fintechinnovationchallenge/
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