FinTech Weekly Issue #383 - Can Sustainable Finance Be The All-In-One Solution?
Issue #383 - Can Sustainable Finance Be The All-In-One Solution?2022-09-29Renewable energy is not only a solution to a major social and economic issue but also a more direct weapon against inflation. As Warren Buffett once suggested, during times of high inflation investors should focus on businesses able to grow rapidly. Today, businesses focused on sustainable solutions are growing more rapidly than inflation, and inflation is well above 8%. Moreover, policies adopted by the Fed to contrast these impressive levels can have dramatic consequences for workers, investors and business owners. Fintech firms are the right tools to favor sustainable finance and help the global economy to rise. You’ll see that from the news we selected, but despite the evidence, not everyone agrees on the topic. This and much more in this number of FinTech Weekly, the free newsletter to discover top fintech conferences and news. |
Top Stories
Top Events
Podcasts and Videos
![]() | Buckle up, America: The Fed plans to sharply boost unemploymentTo relate to the previous news, the past week marked an important moment for our economies. Fed chairman Jerome Powell said that the Fed projects to hit 4.4% interest rates by the end of 2022, no matter if this can cause a recession. Unfortunately, the correlation between higher rates and unemployment will have difficult consequences. |
FinTech Articles
![]() | The Dos and Don’ts of Negotiating a Pay RaiseNegotiating a pay raise is such a daunting task that surveys have found that most employees will outright avoid it. Despite this, there are things that you can do or not do to improve your chances of successful negotiation and make it seem less scary and more accessible. |
Crypto
![]() | Bitcoin mining struggles to go green, research showsFossil fuel still makes up most of the energy sources used to mine Bitcoin. Even if the network behind the first cryptocurrency by market capitalization tried to move to renewable energy, it is still struggling to move to a more sustainable model for Bitcoin. |
![]() | Elrond to partner with Opera browser for “blockchain mass adoption”Opera, one of the most popular browsers, will partner with Elrond to facilitate a massive adoption of blockchain technology. Elrond, which is not energy intensive and guarantees fast transactions, will help Opera to further improve its services related to blockchain technology and Web3. |
Banking
![]() | HSBC Asset Management to Phase Out Thermal Coal in Active FundsAnd in response, the top asset manager HSBC decided to exclude thermal coal companies from its funds. The policy adopted by HSBC will allow the manager to reach its sustainable goal by 2040 since it still doesn’t apply to the existing products. This decision was for sure influenced by the ESG controversy that recently involved HSBC, which also led to the resignation of its former global head of responsible investing – Stuart Kirk. |
![]() | Dimon defends need for fossil fuel investments to CongressIn the meantime, Jamie Dimon, JPMorgan Chase Chief Executive, assessed that the US should invest more in the fossil fuel industry to favor economic growth in the country and reduce emissions. |
Innovation
![]() | Tokyo wants to build a future-proof city. Here’s howBy 2050 the city of Tokyo should include a high-tech, carbon-neutral mini-city created on unused land in its bay area. One of the tools the city will use to reach this ambitious goal is a sharing economy. |
Fintech
![]() | Top lenders set finance guidelines for ASEAN's green transitionAmong the regions that realized the importance of green and sustainable finance, Southeast Asia is playing a major role. MUFG Bank, as well as other top banks in the area, were responsible for setting the guidelines to follow national decarbonization strategies in the region. However, not all the members of the ASEAN (Association of Southeast Asian Nations) have published their plans to reach decarbonization. That’s why banks also followed the technologies compiled by the Economic Research Institute for ASEAN and East Asia. |
![]() | Venture funds flowing into Africa’s climate change businessesStartups focused on limiting the effects of climate change are attracting more investors. African fintechs make no exception, and among them the most interesting project we can list is PEG Africa, recently acquired by the UK-based Bboxx, which reached 1 million customers thanks to its pay-as-you-go solar system. |
![]() | Is Thematic Growth A Crazy Response To High Inflation?As Warren Buffett suggested to shareholders in the 80s, during a period of high inflation, the best businesses to buy have rapid growth as one of their more relevant characteristics, precisely because they can be a hedge against inflation and even result in higher earnings. The current economy proves that Buffett’s consideration is right – of course: thematic growth shows that even during hard times innovation can be a powerful tool for entrepreneurs and investors. Among the sectors that experienced a growth more rapid than inflation, we find Renewable Energy. |
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FinTech Weekly Issue #382 - Is Regulation Vital For Inclusion?
Thursday, September 22, 2022
Issue #382 - Is Regulation Vital For Inclusion? 2022-09-22 The Ethereum Merge is finally complete, but instead of talking about what this means for the crypto market, we'd like to reflect on
FinTech Weekly Issue #381 - Anonymous, But Together – And Driven By Data
Thursday, September 15, 2022
Issue #381 - Anonymous, But Together – And Driven By Data 2022-09-15 Coinjoin, a way to further anonymize transactions while cooperating with others. As we know, a cryptocurrency like Bitcoin is not
FinTech Weekly Issue #380 - The Contradictions Of A Phygital World
Thursday, September 8, 2022
Issue #380 - The Contradictions Of A Phygital World 2022-09-08 Phygital and physital represent a fusion of “physical” and “digital”. These words are today used to indicate all those experiences,
FinTech Weekly Issue #379 - Stronger USD? Yes, But It’s Not That Good
Thursday, September 1, 2022
Issue #379 - Stronger USD? Yes, But It's Not That Good 2022-09-01 The current strength of the USD is not good news for all those businesses whose returns largely depend on foreign markets. This,
FinTech Weekly Issue #378 - The Aggressive Fed
Thursday, August 25, 2022
Issue #378 - The Aggressive Fed 2022-08-25 <html>This number of FinTech Weekly shows how different parts of the world have different approaches towards fintech. While South Korea might witness a
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