CHICAGO--(BUSINESS WIRE)--FinCapDev (http://fincapdev.com) has opened the call for proposals for its 2014 competition. Cash prizes totaling $100,000 will be given to developers who create innovative mobile apps that help Americans make better financial decisions and access quality financial products. The program will also provide expert technical and consultative resources from well-known leaders in the industry. FinCapDev is made possible through the generous support of the Citi Foundation, the Ford Foundation and the MetLife Foundation.
Entrepreneurs, mobile developers, students, academics, and innovators of all kinds are encouraged to submit their proposals now through April 7, 2014. Teams or individuals may apply. Mobile app proposals will aim to help improve the financial health of underserved Americans. Up to 12 finalists, who will receive a cash stipend and access to technical and expert resources to develop their app, will be announced in early May.
Around two dozen partners in the FinCapDev program are offering technical advice and access to resources to winners or participants, including: AlphaSoftware, Application Developers Alliance, Apsee, ArcWeb, Bing, CAMBA, Citi, Cloud Castle, Intuit, JPMorgan Chase & Co, LevelUp, LLR Partners, NYPAY, PayNearMe, Social Money, Software Nation, Usertesting.com, and Yodlee.
“We know that new technologies can stimulate new financial products and policies, and we aim to reward innovators that design to improve financial outcomes by providing cash prizes and access to industry expertise,” said Timothy Flacke, Executive Director of The D2D Fund. The competition includes free access to expert technical resources delivered by financial services leaders throughout the application process.
“Mobile technology has the potential to expand access to critical financial services and support, improving consumer financial health,” said Jennifer Tescher, President & CEO of the Center for Financial Services Innovation. “That’s what FinCapDev is all about: leveraging that potential and enabling innovators to build products for consumers who want and need better access to high-quality tools and information.”
$100,000 prize purse. Startup cash. Technical resources. Expert Consulting. FinCapDev is a mobile app development competition that helps Americans make better financial decisions and access quality financial products. FinCapDev is administered by The D2D Fund (http://d2dfund.org) and the Center for Financial Services Innovation (CFSI, http://cfsinnovation.com). FinCapDev is made possible through the generous support of the Citi Foundation, the Ford Foundation and the MetLife Foundation.
About the Center for Financial Services Innovation
The Center for Financial Services Innovation (CFSI) is the nation’s leading authority on financial services for underserved consumers. Through insights gained by producing original research; promoting cross-sector collaboration; advising organizations and companies by offering specialized consulting services; shaping public policy; and investing in nonprofit organizations and start-ups, CFSI delivers a deeply interconnected suite of services benefiting underserved consumers. Since 2004, CFSI has worked with leaders and innovators in the business, government and nonprofit sectors to transform the financial services landscape. For more on CFSI, go to www.cfsinnovation.com and join the conversation on Twitter at @CFSInnovation.
About Doorways to Dreams (D2D) Fund
Doorways to Dreams (D2D) Fund strengthens the financial opportunity and security of low and moderate income consumers by innovating, incubating, and stimulating new financial products and policies. Operating at the intersection of the private, non-profit and public sectors, D2D incubates and promotes practical applications with social impact that might otherwise lack a champion to nurture and bring them to market. D2D was incorporated as a 501(c)3 not-for-profit organization in 2000 and is headquartered in Allston neighborhood of Boston, across the street from Harvard University’s recently opened Innovation Lab.