Digital innovation in finance meets sustainability. The goal ofGlobal Thinking Foundation's Fintech & Sustainability Observatory is to accompany digitization in Italy by focusing on education, especially financial education, and on sustainability so as to find the balance between innovation and tradition and, therefore, between the opportunities and risks of the digitization process for the benefit of future generations.
The slowdown caused by the pandemic crisis has placed emphasis on the need to accelerate the change of society for the realization of the goals of the 2030 Agenda, especially of GOAL 8. The latter provides for the promotion of lasting and inclusive as well as sustainable economic growth, together with full and productive employment and decent work for all.
The Observatory aims to create a lasting bridge between fintech and sustainability, a platform for meetings and exchanges between the various stakeholders (start-ups, financial services, institutions dealing with finance and sustainability and players in the tertiary sector).
Fintech – the marriage between finance and technology – must be sustainable. It is not possible to think of innovation in the financial field without integrating concerns about environmental and social impact. Fintech has enormous potential, whose areas of interaction with the environment are numerous, although still uncertain.
The foundation of Claudia Segre focuses on the direct effects, such as those relating to financial inclusion made possible by digital technologies. The potential between fintech and sustainability is still being tested, but spreading financial education to subjects hitherto excluded from traditional circuits could generate sustainable economic growth for communities.
After the commitment to disseminate financial literacy to the most fragile components of society, the assistance to over-indebted students in the USA and the initiatives in favor of women in France, the Observatory also extends its panorama to theNibujon. In particular to all those places of innovation par excellence in the fintech field, where the issue of economic sustainability is a political priority.
