It’s time for FinTech to show it can make a difference in people’s lives. Your expertise, skills, technology and unique abilities are needed.
Today we are announcing CovidFinancialHealth.net - a new nonprofit initiative where technology, data and financial services companies can work together to provide solutions at scale to the millions of households who are suffering economically from the Covid-19 crisis and the nonprofit organizations who traditionally provide financial support and empowerment to those with lower wealth and income.
Never before has an economic and financial crisis hit so many people, so hard and so quickly. The Federal Reserve estimates that close to 50 million people will soon be unemployed.The financial and economic needs of tens of millions of families are unprecedented.
The very nature of the crisis is driving an epic need for online solutions driven by social impact rather than profit. Existing nonprofit organizations simply do not have access to the data, technology and expertise required to develop solutions that can scale quickly in this crisis - but they do have the experience, knowledge and empathy to help light the way for those that do.
CovidFinancialHealth.net is just a beginning. We are now reaching out to tech, finance and other private sector organizations that want to participate by providing expertise, technology and resources to develop a platform that can quickly scale to help millions of families find the national and local resources they need and get personalized automated guidance to navigate the economic crisis.
This is will require an entrepreneurial spirit and the ability to adapt as we go along given the speed and magnitude of the crisis - but this community is uniquely suited to respond.
IF YOU ARE INTERESTED IN PARTICIPATING OR IN LEARNING MORE, PLEASE EMAIL ME DIRECTLY Tim.Duncan@FinTechCommons.org. And please forward to others as appropriate. Thank you!