Financial Innovation Challenge

Challenge Complete

UNCDF Financial Innovation Lab, in partnership with the Pacific Financial Inclusion Programme, presents the Pacific-ASEAN Financial Innovation Challenge.

Pacific-ASEAN Financial Innovation Challenge is jointly organized by UNCDF Financial Innovation Lab Malaysia and the Pacific Financial Inclusion Programme. The Financial Innovation Lab and PFIP are two UNCDF programmes focusing on ASEAN and Pacific markets respectively.

The Pacific Financial Inclusion Programme (PFIP) is working with financial services providers to create better, cheaper and safer financial services. However, this depends on the availability of suitable fintech innovations. The local fintech community is nascent at best and this often restricts our partners’ ability to deliver cutting-edge solutions to customers.

The Pacific- ASEAN Financial Innovation Challenge provides a platform for not only Pacific innovators, but also innovators from Malaysia and Singapore, to develop their ideas into practical solutions for UNCDF, PFIP, and their implementing partners. The challenge also provides an opportunity to connect innovators from ASEAN and Pacific countries thereby creating a network of digital innovators in both regions.

The participating innovators will work closely with UNCDF, PFIP, and implementing partners in the Pacific to design, modify and test their solutions to address the specific use-cases put forward by the Challenge.

Eligibility Criteria

Financial and technology solution providers

Must be registered in the Pacific, Australia, New Zealand, Malaysia and Singapore

Must have existing or ready to deploy solutions

UNCDF PFIP will offer financial and technical assistance to promising innovations to customize, test, and scale their solutions with identified implementing partners. Additionally, we will also offer a tailor-made accelerator program, for up to six months, to fill the market knowledge gaps and help you leverage the global knowledge network of UNCDF and its partners.