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.
- Digital financial services can serve as an on-ramp for low-income women to adopt and use a large suite of formal financial products and services, expanding women's choices and their financial and economic resilience and empowerment.
- Low-income women represent a large, untapped market opportunity for digital financial services providers, particularly fintechs leveraging technology to close the gender gap in financial services.
- "Participating in the Women's World Banking Fintech Innovation Challenge drove us to learn moredeeply how we can better serve our women customers," said Rachel Freeman, Chief Growth Officer at Tyme, a 2020 Fintech Innovation Challenge Winner.
- The Grand Prize winner of the Fintech Innovation Challenge will be announced in Dubai, on February 16, 2023 following the pitch competition.