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Challenge The MasterCard Foundation Clients at the Centre Prize
The MasterCard Foundation Clients at the Centre Prize
STATUS: Awarded
Posted: Apr 27 2015
Challenge ID: 9933750
 
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Abstract

The MasterCard Foundation Clients at the Centre Prize is looking to find and recognise the most customer-focused organisation working to enable poor people in developing countries to access formal financial products and services.

The Prize consists of one US$100,000 cash award and US$50,000 in consulting support to expand or reinforce client-centric practices within the winning organisation. Three to five finalists will be invited to present their innovations in front of peers and leading industry professionals at The 2015 MasterCard Foundation Symposium on Financial Inclusion in Cape Town, South Africa. This will provide finalists a unique opportunity to showcase their businesses and work in front of this influential international audience.

Submissions must be received by 11:59 PM GMT (UK) on June 30, 2015. For further information about this Prize and to apply, please click here to be directed to its dedicated website.

Overview

The US$150,000 MasterCard Foundation Clients at the Centre Prize is looking for the most innovative, impactful, and sustainable way in which a financial service provider puts its “clients at the centre” in order to promote financial inclusion for poor people living in the world’s developing countries. The Prize intends to highlight best practices in financial services that make it a priority to understand the financial needs and wishes of people living in poverty and responds to them with the appropriate products and services, and their delivery. The organisation receiving the Prize will be one that ensures client voices are the most influential in driving business strategies and decisions.

The Prize consists of one US$100,000 cash award and US$50,000 in consulting support to expand or reinforce client-centric practices within the winning organisation.  

Three to five finalists will be invited to present their innovations in front of peers and leading industry professionals at The 2015 MasterCard Foundation Symposium on Financial Inclusion in Cape Town, South Africa. This will provide finalists a unique opportunity to showcase their businesses and work in front of this influential international audience.

Submissions must be received by 11:59 PM GMT (UK) on June 30, 2015. For further information about this Prize and to apply, please click here to be directed to its dedicated website.

 

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InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is an InnoCentive Ideation™ Challenge?

An InnoCentive Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.

In an Ideation™ Challenge, Solvers may:

  • Submit ideas of their own
  • Submit third party information that they have the right to use and further the authority to convey that right and the right to use and develop derivative works to Seekers
  • Submit information considered in the public domain without any limitations on use

Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.

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