Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change.
Greenwashing, providing incorrect information to the public about the ethical and environmental impact of a firm, was one of the biggest challenges facing fintechs at one point. There used to be a lack of transparency, however, over the last couple of years, this has been sternly dealt with, resulting in more accurate news-sharing about ESG (environmental, social, governance) goals and how they are being met.
Nonetheless, challenges still persist, so we spoke to the industry to find out what fintechs are still struggling with.
Read full article: https://thefintechtimes.com/what-esg-challenges-do-fintech-firms-face/
This article was originally published onhttps://thefintechtimes.com. Accessed on Dec 5 , 2024.
