Entrepreneurs - ONG - StartUp

FinTech Innovation Challenge 2020: Providing Unbanked and Underserved Women with Access Financial Services

FinTech Innovation Challenge 2020: Providing Unbanked and Underserved Women with Access Financial Services

Deadline: 15 June 2020

1 billion women around the world do not have access to financial services, and there is a 9% gender gap in financial access across emerging markets. Furthermore, women are particularly vulnerable to global health and economic shocks, increasing the need to support their resilience and recovery in these challenge times. Women’s World Banking wants to identify FinTech innovations providing unbanked and underserved women with access financial services in order to build their security and prosperity in the face of these global economic uncertainties.

(Ad) Are You Searching for Latest Grants, New Donors, Sample Proposals, Jobs and How to Apply Resources? fundsforNGOs Premium has all these and more at one place! Learn more.

Women’s World Banking will support innovations in digital financial solutions that are designed to increase unbanked and underserved women’s access to and usage of financial solutions so that they may achieve security and prosperity.

Solutions

(Ad) Stop getting irritated with excessing advertisements. View the information you want quickly on a clean, ad-free and exclusive Member Dashboard that offers tools to search for grants, view latest grant opportunities, upcoming deadlines, sample proposals, downloadable ebooks and also organize your favourites! Learn more.

FinTechs must submit solutions in either of one of two categories:

Build Security and Resiliency
How might they enable unbanked and underserved women to build resilience through convenient, secure, and reliable access to safety nets (i.e. funds for emergencies) to help mitigate against global shocks?
Build Economic Prosperity
How might they enable unbanked and underserved women to expand their income-generating activities to build their business and household income and support economic recovery after global shocks?
Prize Information

(Ad) Are you still finding it difficult to search for donors online? Join Premium and use our powerful Donor Search mechanism to find relevant donors based on your country and location or keyword. Our specially developed algorithm will search across the internet for the most relevant and useful donors of your interest willing to fund your work. Learn more.

Finalists Receive
Invitation to present at Women’s World Banking’s virtual Making Finance Work for Women Summit in October 2020, which convenes leaders from the financial services, investor, philanthropy, policy and technology communities.
Connection to potential investors (including WWB Asset Management).
One year complimentary membership into Women’s World Banking’s Global Network.
Grand Prize Winners Receive
Compete as a finalist in the Monetary Authority of Singapore’s (MAS) Global FinTech Hackcelerator (powered by KPMG Digital Village) during the Singapore FinTech Festival in November 2020, and be fast-tracked to receive a MAS Proof-of-Concept Grant up to $S200,000. The top three winners of the MAS Global FinTech Hackcelerator will also get an additional S$50,000 Cash Prize.
Tuition coverage for a pair of leaders (senior executive (male or female) and high potential woman leader) to participate in the next Leadership and Diversity for Innovation Program.
Eligibility Criteria

Startup FinTechs based anywhere that are leveraging technology to provide financial services for unbanked and underserved women in emerging markets. Solutions do not need to be exclusively for unbanked and underserved women but must show deliberate intent to be inclusive of reaching the segment.
Applicants can be pre-revenue but must demonstrate a viable value proposition to reach unbanked and underserved women.
Solutions should focus on building women’s security or prosperity, particularly in supporting resilience and recovery from global economic shocks.
FinTechs should also demonstrate a commitment to developing women leaders through the presence of women in their senior management team and Board of Directors.
Selection Criteria

(Ad) Not able to keep track of so may different grant opportunities and their deadlines? No problem! fundsforNGOs Premium has a handy tool called « Deadline Calendar. » This tool will help you keep track of all upcoming grant opportunities and their deadlines and view them in a beautiful calendar format. Learn more.

Reach
How many unbanked and underserved women do you reach through your solution?
What strategies are you deploying to reach unbanked and underserved women?
Innovation
What systemic barriers for unbanked and underserved women does the solution address?
Sustainability
Can you demonstrate a path to financial sustainability?
Scalability
Can you clearly demonstrate how this solution will scale across markets?
Empowerment
“How might your solution empower your unbanked and underserved woman customer?
Responsibility
Are you employing best practices in consumer protection and transparency?
For more information, visit https://www.womensworldbanking.org/fintech-innovation-challenge-2020/

Laisser un Commentaire

En savoir plus sur Concoursn.com

Abonnez-vous pour poursuivre la lecture et avoir accès à l’ensemble des archives.

Continue reading