Deadline: 4-Jan-23
Submit your solution for a chance to collaborate with financial institutions in Pakistan on advancing access to finance among women and women-owned businesses in the country.
This Technology Innovation Challenge aims to discover alternative methods of credit scoring that support the collection and analysis of business and other non-traditional data for women-owned small- and medium-sized enterprises (WSMEs) in Pakistan and that will assist banks and Financial Institutions to make informed and gender considerate lending decisions.
They welcome fintech and non-financial services-related technology solutions that can help provide a pipeline for alternative data points that could flow into the credit scoring models of Financial Institutions in Pakistan. This increased visibility of alternative data points would enable Financial Institutions to have better visibility and understanding of the Women-led Small and Medium-sized Enterprises (WSMEs) financial position to enable FIs to score them better and fairer.
What’s in it for you?
- Advance Women’s Access to Finance in Pakistan Together With ADB
- Selected solutions will have the opportunity to receive US$50,000 seed funding for a proof of concept (POC) with a selected Financial Institution in Pakistan to test their solution. If the pilot project turns out successful, full-scale commercial rollout may be possible. Your proposed solution has a chance to make a real-life impact!
- Mentoring and Networking
- Up to 10 teams will be shortlisted and invited to join the mentoring phase, during which they will be able to meet and exchange ideas with expert mentors from ADB and its partners. Their selected mentors will be able to give more context and pinpoint any improvement areas in your final submission.
- Become Part of the ADB Solutions Catalog
- Qualifying solutions will become part of ADB’s internal solution catalog and they may have the opportunity to be considered for existing ADB project requirements beyond this challenge.
For more information, visit Asian Development Bank.