MIAMI, April 3, 2017 /PRNewswire/ -- The Global Forum on Remittances, Investment and Development (GFRID) 2017 will bring together key decision makers from the public and private sectors as well as civil society who work in the field of migration and remittances. During this two-day event in June, more than 300 participants are expected to attend and share lessons learned and best practices on innovative business models, to stimulate long-lasting partnerships, and to raise awareness towards a more enabling market.
The GFRID2017 is organized by the International Fund for Agricultural Development (IFAD) in collaboration with the World Bank and the United Nations Department for Economic and Social Affairs (UN-DESA). The Forum coincides with the celebration of the International Day of Family Remittances (IDFR) on June 16 which will be held at the United Nations headquarters in New York.
The GFRID will host the Remittances Innovation Awards developed by Mohr World Consulting and IMTC Conferences and the winners will be announced at the closing of the Private sector day on June 15th at the United Nations Headquarters. The RemTECH Awards will showcase the most innovative and outstanding technological ideas designed to improve remittance services worldwide. The award winners will be companies, groups, collectives or individuals that come up with ground-breaking fintech solutions that benefit the market ecosystem, improving transparency, speed, cost and reliability for the companies and end-users that send and receive remittances every day.
The competition is open to contestants from all over the world. All entries are posted online as they are received to collect votes from the public and will be judged by an independent judging panel who will ultimately select the winners. The nominees will be announced at the IMTC USA 2017 in San Francisco on June 13, the yearly event of the US International Money Transfer, Remittances & Payment Conference. The winners will be announced at the GFRID2017 on June 15.
Independent judges include Luis Buenaventura, writer and bitcoin entrepreneur, Greta Geankoplis, blockchain and security expert, as well as payment consultants Faisal Khan and Leon Issacs, price-comparison gurus François Briod and Yakov Hofner, money transfer executive Sofia Freyder, innovation adviser Juan Llanos and other forward looking individuals of the 11 person Judging Panel.
The award categories include End User Experience, Social Impact, Innovative Agent Solution, RegTech/ Compliance, Business Services an even an open category for out-of-the-box- ideas. All entries will compete for the People's Choice award and other unique awards such as Most Creative, Most Innovative Technology, Most Innovative Product, etc. The judges will be also allowed to create other awards denomination to highlight ideas and initiatives. The Spark Group in New York City has been retained as Awards Advisors.
Hugo Cuevas-Mohr, Director of the RemTECH Awards, stated: "Fintech is impacting financial services and the remittance industry is no exception. We want to be ignited by the ideas coming from individuals, groups or companies scattered all over the world. Entries have been coming in and we are happy and thankful to be part of the GFRID2017 and the celebration of The International Day of Family Remittances. The public and the private sector need to do more to maximize the beneficial impact of remittances in the developing world and to develop a more enabling market in every remittance corridor."
Claudia Avila (firstname.lastname@example.org) +1 3057420759
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