Related Resources

• Pacific-ASEAN Financial Innovation Challenge
• Pacific ASEAN Financial Innovation Challenge, 2019 Winners

Background

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 programs 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.