Why does sustainability matter in banking and…
Sustainable banking implies taking the environmental, social, and governance (ESG) effect of banking operations and activities into account. By prioritizing…
Because, when it comes to money, it comes to trust. And also, because when we speak about money, we often speak about complex situations like organising a succession or dealing with an important international project. And in complex situations people often tend to rely on tried and tested solutions and are sensitive to the comfort that comes from knowing that their contacts operate in a well-regulated framework.
Money will continue to exist. Maybe not in its scriptural form, but in a digital reincarnation. Moreover, what will stay is the need for stability and for trust in the system, that can only be guaranteed by the central banks.
Banks will stay relevant in the payment’s ecosystem and more particularly, those banks who will have embraced innovation and new trends in payments and will have built bridges with FinTech’s.
Absolutely. Banks play a pivotal role in the economy. So it is of public interest that banks remain profitable. Because only a profitable bank is stable, can make loans, is resistant to shocks, can manage risks better, and can invest in innovation for its customers' benefits.
Every day consumers make millions of payments and transactions. Every day, businesses buy and sell goods, pay their employees and suppliers, manage their cash flow, and invest in new equipment. Every day, households and businesses obtain loans to finance their projects. Everyday banks consider customer feed-back and invest in new services, like improved banking apps. All this only functions thanks to a stable and secure banking infrastructure.
About the blog:
There is an urgent need for rapid transition to global sustainability. Business and industry have enormous social and environmental impacts. "Why does it matter?" is a bi-monthly blog that aims to elucidate this important topic through the eyes of our experts.
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