Women’s World Banking calls application for FinTech Innovation Challenge 2020. The aim of the program is to identify FinTech innovations providing unbanked and underserved women with access to financial services in order to build their security and prosperity in the face of these global economic uncertainties.

Benefits 

2 Grand Prize Winners of FinTech Innovation Challenge receives the following benefits

• 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*

All the final will receive the following things

• 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.

Requirements 

• 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 unbanke and underserve 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 the Board of Directors.

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