We at the Financial Alliance for Women are the leading peer-learning organization for financial services providers targeting the female economy, a large, fast-growing and underserved market. We acknowledge that fintechs are well-positioned to tap into this market, as showcased in our research launched in October 2020, “How Fintechs Can Profit From the Multi-Trillion-Dollar Female Economy.” The Alliance Hack was born to help fintechs embrace this win-win opportunity.
The Alliance Hack — in its second edition — will leverage the Alliance's deep expertise to support fintechs in developing solutions for women business owners to access financial products and accelerate their business growth. It will also connect fintechs with global financial services providers that have similar objectives and allow them to pitch their solution in front of a judging panel of global leaders in the financial sector and champions of the female economy.
The Hackathon offers clinics, as well as business and technical mentoring support to participating fintechs to help them validate their tech solutions and develop sound business models with the potential to meet the real needs of women business owners and transform women's investment capabilities.
And so, we’re inviting start-ups and established fintechs to innovate scalable solutions that can break down systemic barriers and unlock the full power of the female economy. Our hackathon challenges will call for tech-based solutions and proofs of concept (POC) that financial services providers can use to serve the women’s market and that women can use to access financial services and be fully included in the financial system.
The Alliance Hack was launched by the Financial Alliance for Women and hosted in partnership with the International Finance Corporation (IFC), Wefi and Monetary Authority of Singapore (MAS) on the APIX platform.