About Worldwide Finance Organization

A United Nations international financial institution that provides loans to developing countries for capital programs.

By The Numbers

7

completed competitions

Several

years of internal innovation project funding allocated

external software applications funded, bank loan accountability standards increased

Objective
A worldwide finance organization wanted to accelerate initiatives to reduce poverty and improve living standards by hosting public and private competitions for ideas.

Approach

  • Carefully select opportunities that are appropriate for online competitions
  • Compelling user experience using flexibility of Innovation Central platform.
  • Rigorous capture and judging structure
  • Commitment to rewards, implementation

Business Results

  • Helped propel bank’s open data initiative forward
  • Engaged employees and public constituents in creation and implementation of new ideas
  • Strengthened bank’s competency in innovation