The Alliance Hack 2020: Driving the Female Economy called for innovative tech-base solutions in four challenge tracks—banking, wealth, insurance, and payments.
Tackling these challenges were thirteen teams; six working on banking, four on wealth, two on payments, and one on insurance. Each of these teams applied with an innovative proposal that they are now developing into a scalable solution, with support from the hackathon’s excellent experts and mentors. The teams hail from ten different countries—including Canada, Germany, Ireland, Kenya, Malaysia, Nigeria, Singapore, South Africa, Spain, and the United States—reflecting the global nature of both the Alliance network and the issues at hand.
The Alliance Hack: Designing Gender-Intelligent Fintechs is one of the only global initiatives aimed at motivating fintechs to focus on the women’s market and paving the way to shaping a more gender intelligent fintech ecosystem. After a competitive application process, the Alliance selected fifteen fintechs to participate hailing from eleven countries: Bolivia, Canada, Cambodia, India, Mexico, Nepal, Nigeria, Pakistan, Singapore, United States, Zambia. Each proposed an innovative business solution with the potential to break down one of our five key barriers to women’s economic empowerment: Financing Women-Owned/Led Informal VSEs; Financing Women-Owned/Led SMEs; Building the Business Capabilities of Female Entrepreneurs; Transforming Mass-Market Women’s Investment Capabilities and Building Women Entrepreneurs’ Access to Trade and Supply Chain
The fintechs received a rigorous learning and hacking journey, leveraging the market and technical knowledge of Alliance members and Hack partners respectively.
The 2022 Alliance Hack took place in partnership with HSBC, Citi Bank, Equinix and International Finance corporation (IFC), with support from the Singapore Fintech Festival, APIX, as well as supporters and contributors from across our network.