The Reserve Bank Innovation Hub has partnered with the Bank of Baroda
- ByStartupStory | March 23, 2022
Bank of Baroda, one of India’s largest public sector banks, said today that it will collaborate with the Reserve Bank Innovation Hub (RBIH), a wholly-owned subsidiary of the Reserve Bank of India, to promote women’s financial inclusion in the country. The RBIH has created the “Swanari” Gender and Finance program, which aims to combine technology with a greater focus on women in order to help women attain financial security and independence. In order to address the gender gap, RBIH is launching the first edition of Swanari TechSprint, which Bank of Baroda is sponsoring as a scale-up partner.
TechSprints are problem-solving workshops that encourage collaboration and invention in order to develop technology-driven solutions to complicated issues. The Swanari TechSprint’s main goal is to use technology to improve financial inclusion for women in India, and it will serve as a platform for women-led start-ups and women in tech to create and produce smart, creative, and sustainable solutions for underserved women from low and middle-income backgrounds, as well as women-owned businesses in India. Swanari TechSprint 2022 will take place from April 18 to April 22.
The Swanari (-) TechSprint will bring together fintech, financial service providers, innovators, and subject matter experts to interact, brainstorm, and develop real-time prototype solutions to specific problems.
There are seven-issue statements to be addressed, and there are two event tracks to choose from. One track will concentrate on developing a minimal viable product (MVP) with sufficient useable functionality for people to test and validate. The second course will concentrate on collaborating with others to solve problems and design prototypes. www.swanaritechsprint.in is now accepting registrations.
In support of the Swanari TechSprint, RBIH has prepared a whitepaper titled “Gender and Finance in India,” which may be seen here.
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