Tuesday, October 12, 2021
Date: October 12th, 2021 Time: 9:00AM – 12:35PM EDT
In its third year, Women’s World Banking’s Fintech Innovation Challenge provides a global stage to highlight Fintech innovations serving unbanked and underserved women in order to build their security and prosperity in the face of global inequalities.
Despite years of progress in advancing financial inclusion, nearly 1 billion women around the world still remain excluded from formal financial services, and there is a persistent 9% gender gap across emerging markets. Moreover, the economic toll of COVID-19 has fallen disproportionately on women, exposing their particular vulnerability to global shocks. While the pandemic has accelerated the digitization of financial services, low-income women remain at risk of being left behind given the unique barriers they face to the adoption and usage of digital financial services. Combined with broader inequalities for women such as rising unemployment, disparities in access to healthcare, and the effects of climate change, it is more imperative than ever that gender equality is at the center of recovery and growth.
Now more than ever, Fintechs are a crucial driver of women’s financial inclusion.
The previous Fintech Innovation Challenge winners – Aflore, Pula Advisors, Tyme, and myAgro – were given the exciting opportunity to compete in the Monetary Authority of Singapore’s Global FinTech Hackcelerator during the Singapore FinTech Festival. The 2019 Challenge winner, Pula Advisors, was one of their three winners.
During this event, watch the challenge finalists present their solutions and see who wins! The event will also feature a fireside chat with the Female Founder Award winner, and a panel discussion on driving inclusive policies for fintech.