Global ESGFinTech100 List announces inclusion of Australian leading digital banking solutions provider Moroku
Moroku, a leading provider of next generation digital banking solutions, have announced its inclusion in the prestigious global ESGFinTech100 list, following final round success in the 2024 Isle of Man Innovation Challenge which included a joint presentation with Lloyds Bank on financial inclusion.
Financial inclusion plays a significant role in influencing the Social aspect of ESG
presenting significant productivity and welfare costs. As of 2021, around 1.4 billion adults globally remain unbanked, with approximately 3 million Australians either fully or severely financially excluded, and 40% experiencing financial stress.
The Isle of Man Innovation Challenge 2024 and the ESGFinTech100 have both recognised Moroku for its work and approach in addressing financial inclusion and sustainability within digital, enabling banks to become more competitive by fostering deeper customer engagement by helping customers be and feel better about their money.
Moroku collaborated with Lloyds to explore the critical issues surrounding financial inclusion. Their presentation at the final event demonstrated how financial applications can help reduce financial exclusion by building users’ confidence, encouraging engagement, promoting learning, and supporting better money habits.
Moroku CEO Colin Weir commented on the inclusion, “Inclusion in the ESGFinTech100 is a tremendous honour for Moroku and a testament to our commitment to driving positive social and environmental impact through innovative digital banking solutions. This recognition validates the hard work and dedication of our team to embed sustainability deeply within the financial experience, ensuring that financial services are not only accessible but also impactful. Being part of this list validates the work we are doing and motivates us to continue pushing the boundaries of what is possible in the fintech space, fostering a more inclusive and sustainable future for all.”
Simon Mcnamara Global Financial Services COO and Fintech NED, added, “Most banks still view digital as a transactional channel. This misses its potential as an engagement channel, where forward thinking organisations can use capabilities like Moroku to be bold and differentiate by engaging customers around the things that matter to them, like the planet and their money. They have more data than Tik Tok, Netflix, Spotify or Amazon, yet are failing to take advantage of it. Placing their vast array of data into a game like construct, like Moroku Odyssey, presents huge opportunity to be on purpose and compete.”
