banking

107, Ana Pantelic, Fundación Capital | Participatory design of services for the poor

Ana Pantelic uses participatory design to create solutions. When you meet, Dr. Ana Pantelic, a poised, inspiring young woman, it’s hard to picture her as an 11 year-old, standing on a street corner, exchanging currency on the black market. And yet, this very street-level experience in the informal economy is the source of her resilience, adaptability and empathy. She knows what it is like to go from solidly middle-class to living in uncertainty. This causes her to listen to the people she serves, in order to learn from them. Ana grew up in the former Yugoslavia, feeling as if she were secure and safe. As ethnic tensions rose and war…

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101, Kat Taylor, Beneficial State Bank | Beneficial to All, Harmful to None

Can a bank be beneficial to all and harmful to none? Does your bank do only good and no harm? Do you know? Beneficial State Bank aims to bank in a way that is beneficial to all and harmful to none. It’s more than a platitude. They proactively measure themselves against goals such as how many affordable housing units they have financed, how many kilowatt hours of clean energy their loans have produced and how many millions of dollars they have loaned non-profits. Kat Taylor and her husband set out to create a business that would do social good with a sustainable business model. So far, they seem to be…

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#MoneyMonday in May

You are a conscious consumer. You buy local, authentic and fair-trade goods. You use your dollars to try to create the kind of world you want to live in. But what about where you bank or how you invest? Here’s the truth: If you have assets, including a savings or checking account, your assets are having an impact. The only question is, are you being conscious of the kind of impact your assets are having? You’ve probably heard about impact investing, but you have questions. What exactly is impact investing? (It’s thinking about the social and environmental impact that your assets are having) To make an impact, do I have to…

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#MoneyMonday in May

078, Amit Bouri, the Global Impact Investing Network (GIIN) | The Conscious Investor

Impact investing is always happening, whether we think about it or not. If you put money in a bank account, the bank uses your money and there is an impact. If you invest in the stock market, even if you invest in an index fund of all stocks, your money is still making an impact. The only question is, are you consciously choosing the kind of impact that you want to have. Consumers are waking up, becoming conscious of the impact of their spending in alignment with their values. Millennials are choosing to work in jobs that are more closely aligned to their values. In the same way, investors are…

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078, Amit Bouri, the Global Impact Investing Network (GIIN) | The Conscious Investor

026, Joseph Sanberg, Aspiration | Build Trust by Doing Good

Confidence in many institutions has been falling – Congress, churches, and, financial institutions. More than 90% of Americans surveyed do not trust the Financial Services industry to have their best interests in mind. And, it’s no wonder. When I say Financial Services, what images come to mind? For many people, they think of scenes from the financial crisis that began in 2008. They can see massive layoffs, failing businesses and millions of foreclosed homes. What they don’t picture is, financial institutions reaping the consequences of their misbehavior. There were no Bernie Madoff-style perp walks or massive fines. Barclay’s bought Lehman Brothers. Bank of America bought Merrill Lynch. Wells Fargo took…

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026, Joseph Sanberg, Aspiration | Build Trust by Doing Good

025, David Reiling, Sunrise Banks | Empowering Underserved Communities

According to Sunrise Banks’ CEO David Reiling, “The culture of Sunrise Banks is all about mission and innovation.” If you pull his statement apart, you’ll notice three components: culture, mission and innovation. These are the magic ingredients that have allowed Sunrise Banks to be recognized as a “Best for the World” company. Sunrise Banks has been recognized on many levels for their purpose-driven innovation. They are a certified Benefit Corporation (BCorp). Their parent company was one of the first Minnesota Public Benefit Corporations. And, they are a certified Community Development Financial Institution (CDFI), one of only 100 banks in the US. They focus on underserved communities. More than 60% of…

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025, David Reiling, Sunrise Banks | Empowering Underserved Communities