Observatory on Fintech & Sustainability
Fintech & Sostenibilità, un binomio possibile
Fintech & Sustainability, a likely match
Fintech & Sustainability, a possible combination
Rethinking banking, financial and insurance services in terms of broadening the user base, including players until recently considered ‘unbankable’, is now made possible by the wave of innovations that is affecting, and radically transforming, the financial sector.
Fintech
Fintech – a term that describes the marriage between Finance and Technology – is in fact giving rise to new products and services, redefining modes, times and costs of use and designing more horizontal and inclusive business models. All this is happening through the use of artificial intelligence (AI), machine learning and the internet of things.
These changes are taking place in a period of intense demographic and social transformation, characterised, at least in Europe, by a declining population and generalised ageing, which is, however, being offset by the arrival of a generally young migrant population.
Sustainable Innovation
Sustainable Innovation
Sustainable innovation, also in the financial field, is an objective that to be so today must be feasible not only from an economic point of view. Indeed, it is no longer possible to think about the application of new digital technologies in the financial sphere without integrating concerns about the environmental impacts and social effects they may directly or indirectly generate. In this scenario, fintech has great potential for achieving a more sustainable and inclusive development, within the framework represented by the UN 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs).
Finance for Sustainability
The areas of interaction between Fintech and sustainability are numerous (many of which are still being tested) and range from Finance for Sustainability, aimed at directing financial resources to support investments with positive environmental and social impacts, to the application of blockchain technology to guarantee security and quality in the supply chain, but also circularity in the use of resources, or to help reduce carbon emissions.
Looking Eastward
A look to the East
The Fintech & Sustainability Observatory of the Global Thinking Foundation is a platform for different stakeholders to meet and exchange ideas. We want to create a lasting bridge between Fintech and Sustainable Development.
Through the Observatory, GLT adds a further piece to its action on the issues of social inclusion and empowerment of the most fragile members of society.
Focus on the East
After the intense activity promoting financial literacy in favour of women, young people and the elderly in Italy, the assistance to over-indebted students in the United States and the initiatives in favour of women in France, the Observatory on Fintech for Sustainability broadens Global Thinking Foundation’s gaze to the East. But in particular to all those places of innovation par excellence in the FinTech sphere, and which have made the issue of economic sustainability a political priority.
KEY WORDS
The digitalization of financial services opens uncharted territories for sustainable development
Contemporary cities are the ideal lab for research and experimentation on sustainable innovation
Financial inclusion leverages individual independence with positive outcomes on national economies
Financial alphabetization is strictly linked to financial knowledge
Sustainable innovation can only spread from an active collaboration between actors of the financial ecosystem towards mutual goals
Fintech can help tackle Sustainable Development Goals, that are the backbone of the UN 2030 Agenda for Sustainable Development
THE OBSERVATORY’S RESEARCH
Resilience and Pandemic
Fintech and Financing
Ecobonus and energy requalification
Cybersecurity
PARTICIPANTS IN THE OBSERVATORY
