Aflatoun International & Koenig & Bauer Banknote Solutions S.A. develop a new Partnership to create Innovative Financial Literacy Solutions
Posted in News on August 25, 2023
Posted in News on August 25, 2023
It is with great pleasure that we announce a landmark partnership between Koenig & Bauer Banknote Solutions S.A. and Aflatoun International, the global leader in innovative and highly contextualized financial literacy ecosystems. Through this partnership, our mission is to explore and develop new ways to enable access to vital financial literacy resources using banknotes as a familiar and logical tool for financial skill development.
More than 3 billion people worldwide do not possess adequate financial literacy skills to actively contribute to national socioeconomic development and most importantly, their own quality of life improvement. Absence of these essential ‘life-skills’ represents a significant challenge in cash-dependent emerging nations and we aim to work with a wide range of stakeholders to provide innovative yet practical solutions to improve levels of national financial literacy.
Koenig & Bauer, renowned for its cutting-edge printing press technology and commitment to social responsibility, recognizes the importance of empowering young minds with knowledge. Through their collaboration with Aflatoun, the company aims to leverage its expertise in printing technology to support the production and distribution of high-quality educational materials for Aflatoun’s programs worldwide.
Aflatoun International has been at the forefront of promoting social and financial education for over two decades, reaching millions of young people in more than 100 countries with the use of its unique social franchise model- and the network of 300+ partners globally. By integrating knowledge on financial literacy, social and emotional learning, and entrepreneurship, Aflatoun equips young individuals with the skills and mindset necessary to navigate an increasingly complex and interconnected world.
The partnership between Aflatoun and Koenig & Bauer represents a significant step toward expanding access to educational resources and ensuring that young people across the globe have the opportunity to develop vital financial literacy skills. Through this partnership, our common mission is to explore and develop new ways to enable access to vital financial literacy resources using banknotes as a familiar and logical tool for financial skill development.
Roeland Monasch, Aflatoun International CEO commented on this new partnership by saying; “Through this groundbreaking partnership with Koenig & Bauer, Aflatoun International is excited to revolutionize financial literacy solutions by leveraging the power of banknotes as a tool for skill development. Our shared mission is to empower individuals worldwide with essential financial knowledge, enabling them to actively contribute to socioeconomic growth and improve their quality of life. Together, we will demonstrate that banknotes can serve as more than just a payment tool; they can become a powerful conduit for fostering financial literacy in cash-dependent societies”.
Eric Boissonnas Koenig & Bauer Banknote Solutions CEO went on to say that; “The ability to understand and manage money is a key prerequisite to developing ones quality of life for themselves and their family. Societal development depends not only upon technological developments but upon the ability of people to understand and use such innovation to enjoy better and more stable lives. Together with Aflatoun International, Ministries for Education and Central Banks, we are committed to contributing to this process by providing inclusive, accessible and affordable financial literacy solutions for to the people who need it most in society.”
Aflatoun and Koenig & Bauer look forward to embarking on this transformative journey together, combining their expertise and resources to empower young minds and build a brighter future.