Banco Santander, together with Oxentia Foundations, announc on Tuesday the launch of ‘Santander X Global Challenge | Finance For All’, a “challenge” that seeks to identify “startups and scaleups” that present “innovative and scalable solutions to guarantee access to banking products and services for all members of society.”
This is a “global entrepreneurship challenge” open to emerging companies from a total of 11 countries: Germany, Argentina, Brazil, Chile, the USA, Spain, Mexico, Portugal, Poland, the Unit Kingdom and Uruguay.
Interest companies may apply in the ‘Startup’ category if they market an innovative product or service and generate revenues not exceing 250,000 euros per year, or in the ‘Scaleup’ category, if their revenues already exce 250,000 euros per year.
The projects must demonstrate solutions to improve
The product offering and expand financial opportunities for young people, helping them access ucation and generally prosper,” in what is known as ‘Finance for Youth’ or projects to help “the older, already retir list of ghana consumer email population adopt digital banking solutions through a more transparent, fluid and personaliz experience,” known as ‘Finance for Elderly’.
They will also be able to provide solutions to “facilitate access Oxentia Foundation to and use of financial products among those who are outside the financial system”, an objective known as ‘Finance for Unbank’. The projects must meet at least one of the three objectives.
Banco Santander Mexico CEO and Managing Director thailand phone numbers Héctor Grisi said that “guaranteeing good access to financing for all members of society is a clear way in which banks can help improve well-being,” as “it allows people to prosper and better manage their nes, expand their opportunities and increase their standard of living.”
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Oxentia Foundation CEO Steve Cleverley said: “At Oxentia, we work with entrepreneurs who are tackling many of the UN Sustainable Development Goals. Helping entrepreneurs solve these challenges adb directory through innovation is at the heart of our work. We are therefore pleas to launch a new global challenge in partnership with Santander X.”
“We hope to identify innovative solutions that make digital financial inclusion accessible to all, rucing inequalities for the young, the elderly and the most disadvantag members of society,” he add.