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Daily Tearsheet: Introducing the Green Finance Podcast, a day in the life of Milo Credit’s founder & CEO, and more

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Daily Tearsheet: Introducing the Green Finance Podcast, a day in the life of Milo Credit’s founder & CEO, and more

Tearsheet provides daily summaries of the top news stories and events, like this piece, in a nifty, neat, nicely-packaged daily email. Stay informed. Subscribe here.

Tearsheet’s Daily won’t be publishing on Monday due to ‘Memorial Day’ — we will pick things up on Tuesday.

The Green Finance Podcast Ep. 1: How banks can encourage sustainability with Aspiration CEO Andrei Cherny

Welcome to Tearsheet’s Green Finance Podcast, hosted by senior reporter Iulia Ciutina.

This podcast will be all about what the finance industry is doing to address climate change, having conversations with key industry people to untangle the corporate journey towards sustainability.

In this first episode, Iulia chats with Andrei Cherny, CEO of Aspiration, a digital bank centered around climate change and sustainability.

Aspiration wants to help customers use their deposits for sustainable investments, and gives them the option to offset their carbon footprint – a fundamentally different strategy from traditional banks.

Listen in to find out how banks can start bringing climate awareness closer to the consumer.

Listen/read more

‘In a rapidly growing company, you feel you are in a different organization every four to six weeks’: A day in the life of Milo Credit founder and CEO, Josip Rupena

Josip Rupena is the founder and CEO of Miami-based Milo Credit, a financial technology company that offers home financing solutions for global consumers.

Earlier this year, Milo added crypto-backed mortgages to its suite of products, being the first of its kind for customers in the US.

We take a look at what motivated Josip to start his own firm and what a day in his personal and professional life looks like.

Read more

The latest briefing

Green Finance Briefing: SEC cracking down on ESG, and the HSBC mishap

US regulators are starting to hone in on greenwashing, proposing a new set of disclosure requirements on ESG funds. And truth be told, there’s a lot of cleaning up to do.

ESG funds would be required to disclose additional information regarding the greenhouse gas emissions associated with their investments, such as the carbon footprint and the weighted average carbon intensity of their portfolio, according to the SEC

In other news, HSBC Asset Management’s Global Head of Responsible Investment, Stuart Kirk managed to send shockwaves throughout the green finance industry after delivering his presentation titled, “Why Investors Need Not Worry About Climate Risk” at the Financial Times Moral Money Europe Summit.

HSBC was quick to respond by suspending Kirk, according to FT.

Read more (exclusive to Outlier members)

Just look at the charts

1. Activities customers seek fintechs for

Source: FYNXT

2. Why big tech wants in on fintech

SourceTimo Dreger

Today’s stories

JPMorgan taps PayPal exec to lead fintech partnerships
Former Wells Fargo and PayPal exec Peggy Mangot has joined JPMorgan Chase as head of fintech partnerships for the firm’s commercial bank (Banking Dive)

They have libraries there, too
JPMorgan has made its annual Summer Reading List available for perusal in a metaverse library — a summer tradition for two-plus decades, 2022 marks the list’s first foray into the metaverse in the Onyx lounge in Decentraland (Finextra)

The firing and hiring game continues
After Klarna announced plans to lay off 10% of its workforce, rival fintechs Revolut and Wise say they have no intention of cutting jobs, and are recruiting for hundreds of open roles (CNBC)

JPMorgan collects data to advance push against wealth gap
JPMorgan has started to collect data on race and ethnicity from some borrowers, a departure from the norm in US banking, as part of an effort aimed at making good on promises to do more for the black community after the murder of George Floyd (FT)

Stay ahead of the game with Outlier — Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators reading us every day.

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