There have been many byproducts of the COVID-19 pandemic and subsequent CSR lockdowns. Besides the explosively growing projects on digital learning, another intersection where corporate social responsibility is rightly interested is that between financial literacy and digital inclusion. Access to the Internet and financial services are no longer a luxury, they have become a basic human right. Naturally, there are a range of CSR programs and corporate partnerships that meet this need. Here are three recent collaborations of this nature.
American Tower Society (ATC)
ATC CSR Foundation India, the CSR arm of American Tower Corporation (ATC) India, as part of its digital communities program, has reached a milestone by launching 200 digital communities across India. Typically located at or near the base of a US tower, digital communities are places where people of all ages have access to the internet. Based on local needs, digital communities provide educational, health, financial and career development services with the goal of improving quality of life through connectivity.
With the opening of 15 ATC STEM Labs in public schools in Bihar, ATC CSRFI has taken another step towards achieving its goal of building digital communities to provide better access to information and communication technologies (ICT) in areas where the Internet remains limited. After successfully launching digital learning centers with self-study kiosks and career development centers across the country, ATC CSRFI has expanded its online education reach by launching ATC STEM Labs in more than 50 schools in UP and Bihar. ATC CSRFI seeks to collaborate with partners not only to contribute to this effort to promote digital literacy and other essential services, such as health care and financial inclusion.
Fintso and FinX
Responding to the growing need for financial literacy and supporting India’s vision of becoming a $5 trillion economy, Fintso, a B2B2C fintech platform, has partnered with edtech company FinX, which focuses on employability and training in the BFSI space, to create 10,000 new entrepreneurial independent financial products. supplier (IFPP) by 2025.
The program will embark students on a journey to become financially independent with the necessary support and assistance from industry leaders. The pilot program will begin with 500 students across the country. The program includes full training sponsorship, NISM VA regulatory certification fees, AMFI registration fees, and a three-month internship stipend. It will provide students with online access to the program on a learning management system, lectures by industry leaders through industry interactions, and access to the new Fintso platform to develop their financial advisory practice for one year.
With one financial product provider for 17,000 citizens in India, the program will address the urgent need to bridge the gap and strengthen FIPPs to bring retail investors into the mainstream economy, while creating micro-entrepreneurs in India . The program will enable them to start a business in a high-growth area with limited capital and active assistance at the very beginning of their journey.
Himanshu Vyapak, Founder of FinX, said, “India has one of the largest pools of job seekers. For India to become a $5 trillion economy, we need a change in mindset of young Indians to become job creators rather than job seekers. Financial entrepreneurship is a great career path because it is knowledge-based and requires no capital to get started. More importantly, the financial success of FIPPs is directly linked to the creation of wealth for their clients.
After completion of the program, students will have a career as a financial product provider of multiple financial products, with the tools to fully meet all of their clients’ needs.
Entrepreneur Suruchi Gupta got her start winning hackathons after emigrating to the United States to pursue her master’s degree in computer science less than a decade ago. She wanted to pursue her passion for technology to create something that will impact the lives of billions of people, and the result was the GIANT protocol (Global Internet Access Network Token), a web3 protocol to decentralize and democratize access Internet and financial services. Suruchi founded the company with his college friend Jinesh Doshi, and the two have a working partnership spanning more than a decade.
The tokenized bandwidth platform will partner with telecommunications companies and connectivity providers around the world to create a new distributed connectivity economy that tokenizes bandwidth, essentially allowing anyone with a mobile phone to access the Internet and become an owner simply by connecting. GIANT Protocol was founded with the ambition to launch a decentralized connectivity economy capable of meeting multiple challenges in the telecommunications industry. It envisions transforming internet connectivity into a digital asset and creating a new web3 layer, which will align incentives for all parties, enabling the formation of a new economic platform that is open to all, transparent and secure by design and governed. by the community.
According to Gupta, Founder and CEO, “There are over 5 billion mobile phone users who spend over $2 trillion to access high-speed and mobile internet every year. By turning this bandwidth into virtual currency, GIANT provides an on-ramp to web3 by simply logging on. It is a simple, intuitive and convenient solution that turns our phone numbers into wallets and mobile minutes and mobile data into real value for users. »
The company recently announced that it has raised US$5 million in a seed funding round led by pioneering blockchain-focused investment firm, CoinFund. The protocol is in advanced stages of development, and the project has also hired a team of world-class executives from Juniper, Salesforce, Roku, Mobile365, and others. For countries like ours looking to boost their digital literacy and financial inclusion, GIANT represents not only a practical solution, but also the story of a woman working to create technology for the benefit of the masses.