Grameen Foundation India Launches Tech4 Inclusion Challenge

New Delhi, (Delhi) [India], August 9 (ANI / News Voir): Grameen Foundation India (GFI) recently launched an augmented reality-based solution to improve financial literacy and inclusion. The challenge is to invite technology startups working on cutting-edge augmented reality / virtual reality technologies to come up with innovative solutions to address the challenges of driving digital and financial inclusion for low-income earners, especially women. Encourage.

At the virtual launch event, Technology for Growth and Inclusion, there was a fascinating discussion about the scope and use of AR / VR technology in the field of financial inclusion.

GFI CEO Prabhat Labh welcomed participants: “Technology can play a key role in inclusive growth and development, and Grameen focuses on providing scalable solutions that impact excluded populations. I am. ” “The challenge is an opportunity for entities working in the areas of augmented reality and machine learning to design mobile applications to provide financial literacy,” he added.

The first session was welcomed by Shivangi Jain, Vice President of Startup India, an initiative of the Government of India’s Ministry of Commerce and Industry. Emphasizing India’s achievements in the field of financial inclusion through its groundbreaking PMJDY scheme, “India has done a lot in this area, but India does not yet have millions of bank accounts. There were people and there was a Gramin initiative to help tech startups work. This space is great. ”She encouraged tech startups to take advantage of the various schemes of Startup India.

At the inauguration, Chief Operating Officer Gaurav Chakraverty talked about using state-of-the-art solutions for the community. Following the first session, the following panel discussion took place. AmbarishMitra, CEO Blippar; Accenture, RD Principal Director, Nataraj Kuntagod. Pankaji Mishra, co-founder of Factor Daily. Pradeep Kanna, President of VR / AR Association. Basix Sub-K CEO, Sasidhar Thumuluri; and Sucharita Eashwar, founder of the Catalyst for Women Entrepreneurship (CWE). Panelists discussed that it is essential to focus on users and their needs and build technology solutions that act as enablers in the context of the region.

Last mile money representative Dipika Prasad introduced the concept of human-centered design and explained how this can help create a desirable, viable and viable solution.

Developed under the AR Challenge, the mobile application will be financially backed by Grameen and deployed by the Business Correspondent Agent Network to provide financial literacy to its customers. This launch event was organized by Grameen Foundation India in collaboration with the Business Correspondent Federation of India (BCFI), Blippar, Global Mindset, IDEO, Last Mile Money, 10,000 Startups and VR / ARA Association. See the application details on the Startup India website (as part of the phone call, GFI prototypes the idea with the help of a human-centered design agency and finally selects the grand prize winner 5 Two organizations will be the finalists. The team will receive a prize to fully develop the application, which will be implemented by BC partners affiliated with GFI.

GFI is exploring new eras of technology usage for training and learning delivery to help users learn different concepts of financial products and services.

Grameen Foundation India is a major socially influential organization working on financial inclusion, agriculture-based livelihoods, health and nutrition initiatives, enabling the poor, especially women, to overcome poverty and hunger. That is my mission. Inspired by the work of Nobel laureate Professor Muhammad Yunus, Grameen has worked with leading Indian development organizations to devise and innovate breakthrough solutions to reach underserved people, especially women. , Offering work to expand. Under the BEADS (Business Correspondent Network Experiments and Demonstrating Scale) project, Grameen promotes the productivity, efficiency and profitability of business correspondent networks, ultimately for low-income communities of at least 250,000 people, especially women. We aim to promote financial inclusion and empowerment. As part of this project, Grameen is looking for ways to make financial literacy more enjoyable and engaging by using augmented reality technology.

This story is provided by NewsVoir. ANI is not responsible for the content of this article. (ANI / News Voir)

Grameen Foundation India Launches Tech4 Inclusion Challenge

Source link Grameen Foundation India Launches Tech4 Inclusion Challenge

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