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Experian : launches United for Financial Health initiative to help co…

Partnering with NPOs Enrich in Hong Kong, and Aksi Cepat Tanggap Foundation in Indonesia, Experian aims to help vulnerable communities gain financial inclusion.

SINGAPORE, 21 September 2021: Experian, the world’s leading global information services company, has launched United for Financial Health to help drive financial inclusion for the most vulnerable communities impacted by COVID-19 in Asia Pacific (APAC).

This global corporate social responsibility initiative will see Experian working with non-profit organisations (NPOs) worldwide to provide tools and resources to educate and uplift consumers, while protecting them from fraud and identity theft. United for Financial Health’s goal is to support millions of people marginalised by COVID-19 globally, by offering tangible ways to improve financial health and aid on the road to recovery.

As part of the first phase of United for Financial Healthrollout in APAC, Experian will partner with two NPOs, Enrich and Aksi Cepat Tanggap (ACT) Foundation.

  • Enrichis an award-winning educational charity promoting the economic empowerment of migrant domestic workers in Hong Kong. Building on a similar project conceptualised by Enrich and Experian in 2019, the continued collaboration focuses on creating a financial literacy quiz-based online competition in 2022 on basic money management and financial concepts for migrant domestic workers (MDWs) with the goal of reaching 250,000 MDWs and their families.

Enrich’s work contributes to the Hong Kong Strategy for Financial Literacy and has reached over 60,000 MDWs since 2007 through its educational and outreach programmes. In 2021, Enrich was granted the ‘Financial Education Champion’ Award by the Investor and Financial Education Council, for the third consecutive time.

  • Aksi Cepat Tanggap (ACT) Foundationis an Indonesia-based NPO focusing on social work and humanitarian relief. Experian will work with ACT on a programme called Sahabat UMI (Friends of Indonesia Micro Business), currently supported by members of the public and several organisations, to support micro businesses run by women entrepreneurs from the lower income bracket struggling to make ends meet due to the pandemic. Experian will provide capital for 50 participants to start their businesses, as well as entrepreneurship training and mentoring via facilitators, in addition to the 4,000 women entrepreneurs who have already launched their businesses since the programme launched in May 2020. The goal of Sahabat UMI is to help as many as 100,000 beneficiaries in four years’ time.

With ongoing social distancing restrictions across various APAC countries, the rollout of volunteering and engagement programmes will be conducted digitally to ensure the safety of all participants.

“I am pleased to launch United for Financial Health to uplift and empower the most vulnerable communities in the region. Financial inclusion has always been a priority for us at Experian, and across Asia Pacific an estimated half of the adult population do not own a bank account, according to the World Bank in 2018. The issue of financial exclusion has become increasingly evident during these challenging times, and these vulnerable populations will need the right support to stay resilient,” says Ben Elliott, CEO, Experian Asia Pacific.

“We are committed to helping the people in the communities that we live and operate in. At Experian, we believe data has the potential to transform lives, and we use our innovative technology and data to help people and organisations across Asia Pacific,” adds Sisca Margaretta, Chief Marketing & Communications Officer, Experian Asia Pacific. “Corporate responsibility is deeply ingrained in Experian’s culture, and never has it been more important for us than now to support our communities as the pandemic has put even more people and communities in vulnerable situations. We will continue our work to ensure that they receive support via our community initiatives.”

The United for Financial Health initiative first launched in North America, United Kingdom and Brazil in 2020, and has helped 15 million consumers worldwide.

ENDS

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

We have 17,800 people operating across 44 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experian.com.sgor visit our global content hub at our global news blogfor the latest news and insights from the Group.

Source: on 2021-09-20 23:00:00

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