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.
The Green Finance Podcast Ep. 2: The S in ESG and the role of inclusive product design
In the second episode of the Green Finance Podcast, host Iulia Ciutina is joined by Timothy Flacke, co-founder and executive director of Commonwealth, a national nonprofit helping the financially vulnerable build security.
Timothy explains the social factors behind sustainable investing, and how we can increase equity and inclusion in fintech by using clever product design.
Green finance is not just about investing in clean energy or carbon sequestration. The core of the problem is sustainability – how to create financial systems that enable people to thrive over the long term.
The latest briefing
Green Finance Briefing: Investment growing in climate tech, and a century of carbon emissions
A new generation of climate techs is emerging, creating innovative ways for businesses of all sizes to manage carbon emissions monitoring and reporting, and ultimately drive emissions down.
Companies are being pressured from all sides to start addressing climate change – investors want sustainable businesses, customers want more accountability, and governments are stepping in to start enforcing regulations to mitigate climate risks.
This triple whammy is sending businesses out to seek help, generating a growing demand for a relatively new service – climate change management and reporting.
Read more (exclusive to Outlier members)
Just look at the charts
1. Downsizing by fintechs in 2022
Source: Lex Sokolin
2. How technology could help banks embrace the platform era
Source: Florian Graillot
Wells Fargo faces criminal inquiry over hiring practices
Federal prosecutors in New York have opened a criminal investigation into whether Wells Fargo violated federal laws by conducting fake interviews for jobs that had already been promised to others in an attempt to meet diversity targets (New York Times)
HSBC to offer fintech course to employees
HSBC will put thousands of its employees through a bespoke training course on fintech in a partnership with the University of Oxford (Finextra)
Fidelity’s CEO is bullish on crypto despite the bear market
Addressing the crowd at Consensus 2022 in Austin, Texas, Fidelity Investments Chairman and CEO Abigail Johnson said her belief in the long-term fundamentals of cryptocurrency remains strong (CoinDesk)
Senator questions Fed on fintech's revoked master account
Republican senator Pat Toomey is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust (Reuters)
Once-hot fintech sector faces IPO delays and consolidation
At Money 20/20 in Amsterdam, bosses of major fintech players sounded the alarm about the impact of a deteriorating macroeconomic climate on fundraising and valuations, resulting in fintechs putting IPO plans on hold and cutting expenses (CNBC)
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.