Fincluimos - Hackathon for Financial Inclusion in Colombia
"Fincluimos Challenge Colombia" was a hackathon for financial inclusion organized by the World Bank Group and Banca de las Oportunidades with support from the Financial Superintendence of Colombia, the Ministry of ICTs and the Swiss Embassy in Colombia, through the Office of Economic Cooperation. The objective was to invite volunteers and citizens interested in the topic of financial inclusion to develop, in 48 hours, proposals and solutions adapted to the Colombian context. Around 550 citizens participated, organized into 14 teams and with the support of 20 mentors, who helped them formulate and develop prototypes for their proposals. The teams had to respond to one of the following two challenges: providing information on financial services to the population using geo-referencing tools, or developing specialized services to capture information on potential users of financial services, particularly in rural areas.
Institutional design
Formalization: is the innovation embedded in the constitution or legislation, in an administrative act, or not formalized at all?
Frequency: how often does the innovation take place: only once, sporadically, or is it permanent or regular?
Mode of Selection of Participants: is the innovation open to all participants, access is restricted to some kind of condition, or both methods apply?
Type of participants: those who participate are individual citizens, civil society organizations, private stakeholders or a combination of those?
Decisiveness: does the innovation takes binding, non-binding or no decision at all?
Co-governance: is there involvement of the government in the process or not?
- Formalization
- not backed by constitution nor legislation, nor by any governmental policy or program
- Frequency
- single
- Mode of selection of participants
- open
- Type of participants
- citizens
- Decisiveness
- democratic innovation yields no decision
- Co-Governance
- yes
Means
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Ends
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