Dutch bank and UNICEF introduce fintech program

‘Fintech for Impact’ will be launched in the Philippines as an expansion of the partnership

UNICEF

Dutch bank and UNICEF introduce fintech program. Source: shutterstock.com

As long as ING and UNICEF have a long-standing partnership, they say they want to empower the next generation with modern skills and tools they need for their future by launching the fintech program. The program aims to identify and invest in fintech startups that solve financial and banking challenges for youth.

Despite the fact that the Philippines is the second-fastest growing economy in Asia, its youth faces the number of inequalities related to education, future opportunities, and health.

The program aims to invest up to $100,000 in each of 6 fintechs, which create technologies to address challenges in financial services, credit, insurance, transparency or financial education. The technologies will likely be related to blockchain, machine learning, data science, virtual reality or artificial intelligence.

With the growth in digital technologies, I hope fintech start-ups building new tools will focus on products and services that could help more families and young people, bridging the service and financial gaps and ultimately leading to a reduction in poverty
Oyunsaikhan Dendevnorov, UNICEF Philippines representative

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