Tuesday, September 17, 2019
Home Financial Services

Financial Services

Impact Focus – Companies and founders disrupting the global financial technology market

If J.P. Morgan Chase & Co.’s latest moves around the world are any indication, the world’s sixth-largest bank is getting anxious and wants to be at the forefront of the global banking revolution sweeping fintech and digital...
VC firms may vow to support diversity, but the numbers don’t bear that out. Only about 9% of venture capital flowed into companies that women entrepreneurs run; a minuscule 1% and 2%, respectively, to...
First, it must be said, it’s good to start any endeavor with a lot of money.  Liesel Pritzker Simmons got it coming and going, though she had to fight in court a decade ago...
UBS raised $225 million from private clients for KKR’s Global Impact fund, the latest example of major financial institutions responding to demand for more social impact investing opportunities. The UBS fundraising is part of...
This content is brought to you in partnership with Savvy Investor Two significant shifts are reshaping the private funds and investment industry today. Millennials and Generation Z consumers, their values and how these values...
Women entrepreneurs have long been overlooked by technology-focused venture capitalists. That may be changing in the Netherlands, whose largest city -- Amsterdam -- is seen as one of Europe’s central VC and tech centers. 
The German government announced last month the preparation of its first green bond, as the cornerstone European Union issuer becomes the latest example of accelerating use of bonds to address environmental and social challenges. 
For nearly a decade now, a segment of market professionals on Wall Street, the City of London and elsewhere (you know who you are) have denounced sustainable investment strategies as nothing more than a marketing ploy. Impact...
The announcement that British asset manager Schroders would acquire a majority stake in the impact investing firm BlueOrchard Finance is the latest evidence that legacy asset managers are increasingly looking to beef up their sustainability bona fides,...
The U.S. government’s monopoly on student loans may be one reason why startups innovating in the space haven’t seen a higher level of investment. An estimated 45 million Americans hold educational debt, and many...
Russians are increasingly using mobile wallets to pay for groceries and bills as cashless technologies disrupt the financial services industry, extending their reach across the world’s largest country. The number of purchases made with smartphones has jumped...
Tuesday morning, Facebook revealed plans for its new cryptocurrency, Libra, that is actively backed by tech giants like Visa, MasterCard, PayPal, eBay, Lyft and Uber. Wall Street analysts exalted that Libra, also the name...
The stars are aligning for crypto to go mainstream as Facebook has announced the launch of Libra, a new digital currency that could revolutionise the way payments work -- and have a huge impact on the developing...
Kenyan shopkeepers, Chinese farmers and U.S. migrant workers are all vital parts of the global economy. The formal economy, though, has mostly left them behind. According to the most recent edition of the World...
BlackRock’s fossil fuel investments cost its investors $90 billion in lost value and missed opportunities over the last decade, according to a report that gives support to social impact and sustainable-energy strategies. The world’s...
Pacific Life Insurance’s impact investing platform Swell, which sought to align offerings with the U.N. Sustainability Goals, said this week it would shut the service by August 30 because it didn’t “achieve the necessary scale.”
Plenty of companies say they want to save the planet. It makes for good headlines and warm, fuzzy feelings, but what about investing actual money to back claims of environmental and social responsibility?  Enter...
While millennials may be the generation most associated with social impact investing, other groups are showing strong interest, according to a new study from Allianz Life Insurance. Sure, it’s still millennials who are participating...
The burgeoning field of women and minority-focused invest firms is getting attention from major players, with early-stage VC firm Harlem Capital Partners (HCP) seen as the “go-to partner for minority founders” by TPG Capital.
The bank that once took deposits from Albert Einstein is keeping its offerings fresh by investing in a two-year old firm pitching social impact investments to millennials. Ladenburg Thalmann Financial Services, whose lineage stretches...
Slavery in its modern forms like forced labor and debt servitude persist despite efforts to stamp them out. Despite a ban by the Universal Declaration of Human Rights in 1948, inadequate laws around the world fail to...
Facebook’s foray into digital banking has set up a millennial vs. establishment clash, where in a reversal, the old guard got there first. Launched when George W. Bush was president, Facebook this week unveiled...
Following a series of privacy and misinformation scandals and increasing regulatory probes, Facebook is keen to improve its image as a force for good. Facebook will leverage its unparalleled global network of 2.4...
Debate swirls around whether environmentally friendly companies outperform the wider universe of firms. A study by Stanford and Yonsei university economists offers compelling evidence that they do.  The researchers, Stanford’s Soh Young In and...
Ashton Kutcher’s Sound Ventures, Fidelity Investments and the U.K.’s Theo Osborne were among high-profile firms backing Ethic Inc. in its latest funding round, as they bet on rising demand for tracking tools as more money gets directed...
Law enforcement may have found the perpetrator quickly.  But the theft of personal data concerning 106 million Capital One customers renewed deep concerns about the big banks’’ ability to protect information and the persistence...
Walmart filed a patent for a cryptocurrency, saying a Blockchain-based currency would help the retail giant’s low-income customers who don’t have access to credit cards. “Low-income households” may find regular banking expensive and see the currency as...
Before the dust had settled on Facebook’s announcement that it planned to introduce a digital coin, MoneyGram rushed in and announced a deal with cryptocurrency firm Ripple, where it will to distribute Ripple’s digital currency XRP across...
Fitch Ratings released a tool showing the relevance of environment, social and governance factors to credit ratings in different industries, as investor demand grows for ways to measure ESG criteria from wastewater management to employee well-being.
Global brewer Anheuser-Busch InBev has a new way to ensure that the African farmers who grow cassava for its burgeoning business in locally brewed beer get a fair price and deliver a reliable supply of the root,...
- Advertisement -