The European Microfinance Research Award to a team of the School of Management
The award for a study on the positive social impact of fintech.
A team of the Department of Management, Economics and Industrial Engineering at the Politecnico di Milano won the European Microfinance Research Award 2022 with paper “FinTech for Good: unveiling social value creation in the fintech sector”. The award was given by European Microfinance Network (EMN), a not-for-profit organisation which promotes microfinance as a tool to fight social and financial exclusion in Europe through self-employment and the creation of microenterprises.
The study carried out by Federico Bartolomucci, PhD candidate, Veronica Chiodo, professor of Social Entrepreneurship, and Andrea Petrolati, Junior Project Manager at Fintech District, investigates the FinTech world, aiming to understand if and how technological innovation generates impact in the financial sector and which is the role played by technology in the value creation process. Results show that FinTechs, operating in underserved markets and combining technological innovation with the intentionality to generate positive social impact, can generate social value both in developed and emerging economies. Results challenge traditional financial players, institutions and social economy actors to re-imagine their relation with them.