Cape Town-based ReAble is launching a new technology that will enable intellectually disabled individuals to be included in the finance sector.
This is according to Emile Sawaya, CEO of ReAble, a startup that designs tools and apps to empower people with special needs.
The enterprise is launching its new technology at the ReAble Playground Event where the special needs and banking community will meet to strategise the financial inclusion of the intellectually disabled.
The event will be hosted at the Barclays Rise office building in Woodstock, Cape Town this Saturday, 25 June.
The ReAble Playground event is aimed at creating a playground where all stakeholders can meet to build real solutions around financial inclusion in a fun way.
Intellectually challenged individuals can expect a day of fun and games to learn about financial literacy.
The special needs community is invited to attend the event to discuss the issues faced by this community around their financial independence.
ReAble’s current technology is aimed at providing financial accessibility to a targeted customer base of the 200 million individuals with intellectual disabilities worldwide. The company’s first product, the ReAble Pay Platform, is a money management application that provides people with cognitive challenges access to financial services.
“This educational app is a dream come true for many parents whose children will be able to manage their finances independently for the first time. This while guardians can monitor expenditure and progress from home,” said Sawaya.
The application allows individuals to manage day-to-day finances and budgeting in a simple and easy-to-use manner, and notifies guardians of all transactions.
“Our aim is to empower a very marginalised community of intellectually disabled individuals,” said Sawaya.
According to him banking world-wide is in dire need of upliftment and changes to their infrastructure to be more inclusive.
“It is currently extremely challenging for someone with an intellectual disability to open their own bank account and perform transactions,” said Sawaya.
“Individuals are currently forced to rely on friends and family to manage their day-to-day spending and finances. This population of millions are being excluded because banks have difficulty in accommodating them,” he added.
Sawaya said ReAble is about empowering the disabled community by truly understanding their financial needs.
“We believe that you are able to do what ever you put your mind to,” he added.