Problem and Challenge
Achieving 100% financial inclusion where all have access to financial services still remains a difficult challenge. Particularly, a huge percentage of the unbanked adults comprise of women [1]. There are various barriers worldwide that prevent women from accessing formal financial services, including lower levels of income, lack of financial literacy, time and mobility constraints as well as cultural constraints and an overall lack of gender parity [1]. With this problem present, our team wanted to take on Scotiabank's challenge to build a FinTech tool/hack for females.
Inspiration
Inspired by LinkedIn, Ten Thousands Coffee, and Forte Foundation, we wanted to build a platform that combines networking opportunities, mentorship programs, and learning resources of personal finance management and investment opportunities to empower women in managing their own finance; thereby increasing financial inclusion of females.
What it does
The three main pillars of Elevate consists of safe community, continuous learning, and mentor support with features including personal financial tracking.
How we built it
Before we started implementing, we prototyped the workflow with Webflow. We then built the platform as a web application using html, CSS, JavaScript, and collaborated real-time using git.
Challenges we ran into
There are a lot of features to incorporate. However we were able to demonstrate the core concepts of our project - to make financing more inclusive.
Accomplishments that we're proud of
The idea of incorporating several features into one platform. Deployed a demo web application. The sophisticated design of the interface and flow of navigation.
What we learned
We learned about the gender parity in finance, and how technology can remove the barriers and create a strong and supportive community for all to understand the important role that finance plays in their lives.
What's next for womna
Partner with financial institutions to create and curate a list of credible learning tracks/resources for mentees Recruit financial experts as mentees to help enable the program Add credit/debit cards onto the system to make financial tracking easier. Security issues should be addressed. Strengthen and implement the backend of the platform to include: Instant messaging, admin page to monitor participants
Log in or sign up for Devpost to join the conversation.