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Women's World Banking Announces 2023 Fintech Innovation Challenge to Elevate Fintechs with New Solutions to Close the Gender Gap in Financial Services

Competition invites later stage fintechs pioneering innovative financial solutions for the low-income women's market to apply; finalists and winner to access premier fintech networks and resources NEW YORK, Aug. 3, 2022 /PRNewswire/ Women's World Banking announced today the 2023 Fintech Innovation Challenge, a global competition to highlight and advance solutions to close the gender gap through digital financial services. Now in its fourth year and the only women-centered fintechs competition, the Challenge will provide a platform for later stage fintechs working to address the persistent challenges in serving the low-income women's market. According to the latest Global Findex Report, the number of women adopting digital financial services has risen dramatically since 2017, with the gender gap dropping from 9% to 6% in key emerging markets. But despite these advances, 742 million women are still excluded from the formal financial sector, and women are 31% more likely tha ....

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What I'm Reading this Summer

This summer has been one marked by remarkable world events and the continuing battle against COVID-19. CEO Atul Tandon shares the top articles and books he has read so far this summer: ....

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Pandemic catalysed growth in use of digital payments: Report

After great anticipation, the World Bank recently released 'The Global Findex Report 2021'. The Global Findex surveys over 125,000 adults in 123 economies during COVID-19 to better understand how people use formal and informal financial services and digital payment. ....

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Bank of Ghana Traces CBDC Genesis, Gives Roadmap to the Future

By: Richard Gardner In its newest publication, “The Evolution of Bank of Ghana Policies on the Ghanaian Payment System,” The Bank of Ghana laid out a short history of digital payments within the country, arguing that the eCedi was simply an extension of decades of financial digitization. It credited that… ....

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How today's debt impacts your tomorrow

When it comes to money, South Africans have high levels of debt, and by necessity or compulsion, seem to live in the present. Along with a poor savings culture, this bodes for a poor future, literally. Here’s how we can fix it. ....

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