Move 78 & Financial Resilience Australia Announce Partnership
Their joint focus will be Financial Wellness Initiatives in the Asia-Pacific
Singapore and Melbourne, (October 19, 2020) Singapore-based Move 78 Pte Ltd (Move 78) and Financial Resilience Australia (FRA) are very pleased to announce their new partnership to collaborate on Asia Pacific-based projects with an emphasis on Financial Wellness.
According to The World Bank, in South Asia and the Pacific, “24 million fewer people are estimated to escape poverty” than would have without the pandemic in 2020. With COVID-19, this fragility in everyone’s finances has been exposed and exacerbated, and these financial shocks are taking a devastating toll on our collective physical, mental and emotional health. This multi-faceted stress is having a devastating ripple effect on our communities and economies throughout the Asia Pacific.
Both companies’ leadership believe strongly the road to recovery lies in a collective response across-sectors throughout the region, therefore Move 78 and FRA have joined together representing Singapore and Australia respectively to raise awareness and establish a regional cross-sector community, The APAC Financial Wellness Initiative. This regional collaborative effort will address this pressing issue of Financial Wellness for all, because Everyone has the right to good financial health and wellbeing in order to live full and productive lives.
Move 78 is a Singapore-based global corporate advisory firm working with innovative organisations who wish to expand their enterprise infrastructure operations to and within Asia. While the consultancy and M&A make up their Commercial Initiatives, Move 78’s Philanthropic Initiatives are focused on Digital Inclusion in the finance, health and education sectors in accordance with the UN Sustainability Goals.
Since 2014, Financial Resilience Australia (FRA) is a social enterprise consultancy offering program-office support; community led research, co-design and evaluation; enabling multi-sectoral clients (banks/credit unions, peak bodies/regulators, Aboriginal/multi-cultural leaders) to improve financial inclusion, resilience and well-being for vulnerable Australians.
Says Move 78’s CEO, Mariko Braswell, “We are thrilled to partner with FRA, and there are natural synergies with respect to our efforts in Digital Inclusion and FRA’s Financial Wellness focus. Also, there is no better time than now, to reach out to other like-minded organizations to tackle Financial Wellness together head-on. We look forward to working with the FRA team to further awareness and to help facilitate solutions for Financial Wellness throughout APAC’s communities.”
Vinita Godinho, FRA’s CEO adds “COVID has highlighted a crucial aspect of financial wellness that we want our partnership to deliver on i.e. the inextricable link between our physical, mental and financial health and wellbeing. We are not just coping with the physical symptoms of this virus, but also feelings of depression, anxiety and isolation triggered by physical distancing, as well as financial uncertainty and lost income due to the mass lockdowns. We must now work collaboratively across sectors and borders to find ‘joined-up’ and holistic solutions to address all three of these domains, and this new partnership is our pathway to achieving this.”
We therefore invite all like-minded individuals, businesses and institutions from across all sectors – business, government, academia and non-profit - to join us as we embark on this ambitious journey to enable Financial Wellness for all across the Asia-Pacific region.