Key Activities

Key Deliverables

1. Pre-launch assessment of interest from fintech community in Malaysia and Singapore

1.1 Firm up the day-to-day working arrangements and scope of joint-activities agreed to between the managements of PFIP and UNCDF Malaysia in implementing the Pacific-Malaysia/Singapore (PAC-MY/SG) Fintech Innovation Challenge

1.1 Workplan with delineation of roles endorsed by PFIP and UNCDF Malaysia.

1.2 Prepare a list of potential fintechs with proven development and deployment experience related to each of the Pacific partner problem statements.

1.2 Long-list of fintechs registered in Malaysia and Singapore with contacts organized by problem statements.

1.3 Undertake a desk review with PFIP and UNCDF Malaysia to short-list the fintechs to meet with.

1.3 Short-list of up to 5 fintechs per problem statement.

1.4 Organize meetings with each selected fintech to brief, encourage and determine their interest in responding to the problem statement. Meetings can be done individually or in groups.

1.4 A list of fintechs that have indicated their interest, together with a summary of feedback on what other support and facilitation is needed to make this a viable proposition for them.

1.5 Determine the level of interest from the fintechs consulted to participate in the challenge and to share the assessment with PFIP and UNCDF Malaysia to facilitate decision making on next steps.

1.5 Assessment of interest presented to PFIP and UNCDF Malaysia.

It is recognized that should the level of interest be lacking, the implementation strategy will have to be revised – including a potential postponement or even cancellation of the challenge.

1. Announcement of RFP in Malaysia and Singapore

2.1 Work with PFIP’s and UNCDF Malaysia’s Communications Consultant to develop a communications plan to give the challenge  widespread publicity targeting the fintech & digital innovation community.

2.1 Communications plan prepared and RFP well disseminated and covered by relevant news and social media.

2.2 Broadcast to all relevant networks including Fintech Association of Malaysia (FAOM), Singapore Fintech Association (FAS), Fintech News Malaysia/Singapore, Tech in Asia.

2.2 RFP properly documented for procurement purposes.

2.3 Respond to queries in person – including providing technical advise, market insights and information to activate their interest in the challenge.

2.3 Log of fintechs that have made enquiries and the nature of the enquiry.

2.4 Provide procedural and factual information to fintechs on finalizing their proposals – at the request of fintechs.

2.4 Duly completed proposals submitted to PFIP by the closing date.

1. Short-listing and selection of cohort for each problem statement

3.1 Provide inputs as requested by PFIP to facilitate the selection process. This will include securing additional information and clarifications from selected fintechs as requested by PFIP.

3.1 Properly completed proposals to facilitate informed and timely decisions by PFIP.

1. Organize bootcamp in Malaysia for selected fintechs

4.1 Identify venue and logistical support for running the 3-day bootcamp in Kuala Lumpur.

4.1 Successful bootcamp held culminating in the selection of the final cohort of fintechs that will enter the acceleration program.

4.2 Contribute to preparation of the bootcamp agenda (including any formal opening/closing). The final agenda will be the responsibility of PFIP. The UNCDF Malaysia Digital Innovation Consultant will provide substantive inputs together with PFIP’s DFS Design and Innovation Consultant.

4.3 Facilitate, with the assistance of UNCDF Malaysia, the travel & participation of Pacific partners and PFIP team in the bootcamp.

4.4 Participate as resource person/mentor during the bootcamp.

4.5 Assist with identifying potential members of the judging panel with UNCDF Malaysia and PFIP.

1. Acceleration Programme

5.1 Facilitate the participation of the Malaysia/Singapore fintechs to undertake the acceleration programme in the challenge countries – including briefing on local customs, task environment etc.

5.1 Malaysia/Singapore fintechs are well prepared to travel to the challenge countries to begin the acceleration programme.

5.2 Monitor and report to PFIP and UNCDF Malaysia the progress of product development carried out by the fintech in Malaysia and/or Singapore

5.3 Provide on-demand mentoring support to participating fintechs to strengthen/adapt their solution to the local market.

5.2 Fintechs with solutions tailored to the specific needs and conditions of the local market.

5.4 Provide support to organizing the final Demo Day if it is held in Kuala Lumpur.

5.3 Successful Demo Day held with wide media exposure given to the winning fintechs, partners and the joint PFIP- UNCDF Malaysia initiative.

5.5 Work with the UNCDF Malaysia and Communications Consultant (and PFIP Communications Specialist) to provide widespread media coverage of the winners, partners, PFIP and UNCDF Malaysia.

1. Knowledge management

6.1 Support PFIP’s KM Specialist in creating knowledge products about the Fintech Challenge

6.1 Report on lessons learned submitted to PFIP and UNCDF Malaysia within 30 days from date of the Demo Day.

6.2 Write 2 draft blogs