Article: InnoCentive Launches Open Innovation Challenge With Habitat for Humanity to Inexpensively Harvest Drinking Water in Mexico

Innovation, Open Provisioning, Open Space, Water

InnoCentive Launches Open Innovation Challenge With Habitat for Humanity to Inexpensively Harvest Drinking Water in Mexico

Open innovation firm InnoCentive is supporting global housing nonprofit Habitat for Humanity in a new Challenge to find low-cost solutions to harvest water and remove impurities so that water is suitable for human consumption.

Around 768 million people in the world do not have access to clean drinking water, and Mexico is one country that faces challenges in this area. Although more than a third of homes in Mexico suffer from water shortages, torrential rain does fall during certain months. However, without a proper management system, this water is unusable. Most rainwater is not fit for human consumption because of pollutants and microorganisms that cause severe illness when consumed.

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Article: How Open Banking Guides LATAM’s Spend Management FinTech

Innovation, Money, Open Governance, Open Space

How Open Banking Guides LATAM’s Spend Management FinTech

Latin America is a quiet champion in FinTech innovation. While the region may not be top of mind when it comes to world leaders in financial technology, startups from Mexico to Chile are driving payments digitization, financial management automation and the emergence of new paradigms in the market, like open banking.

Investors are paying attention, too. While analysts assess 2020’s performance, the Latin America Private Equity and Venture Capital Association (LAVCA) said funding for the region’s FinTech startups more than doubled between 2018 and 2019, reaching $4.6 billion, with evidence that 2020 figures may emerge similarly as strong.

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