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The business value of social sustainability

CIO

Social sustainability is good for business. It can help to unlock new markets, attract and retain customers, build trust and credibility, and spark innovation. The United Nations defines social sustainability as, “Identifying and managing business impacts, both positive and negative, on people.” million on average.

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This new banking app wants to help with the financial woes of retirement

TechCrunch

Different demographics often have different banking needs. So it’s no surprise that we have seen a flurry of financial technology startups offering banking services catered to certain populations based on factors such as age and ethnicity. Like many fintechs, Charlie is not a bank — its banking partner is Sutton Bank.

Banking 329
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As another startup bank partner collapses, tech feels the gap

TechCrunch

When First Republic Bank was in its final moments, Silicon Valley didn’t convulse with shock or lather itself into a social media tizzy. Instead of panic, which rippled throughout the startup community in March when Silicon Valley Bank signaled trouble , there was widespread malaise. Ricciardi asked.

Banking 235
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Thailand’s Beam simplifies checkout for social commerce

TechCrunch

The social commerce market is already worth more than $13 billion in Southeast Asia, but the checkout process is filled with friction. Many sellers don’t have online storefronts and instead use social media and messaging apps, which means payment is made by switching to banking apps or wallets.

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It’s time to go paperless: are bank branches ready?

CIO

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Today’s rapidly rising rate environment is driving activity across the country’s 72,000 bank branches 2. Consider the following real-world scenarios. ●

Banking 226
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Varo Bank raises massive $510M Series E at a $2.5B valuation as it eyes the public markets

TechCrunch

Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 Varo Bank raises another $63M, led by NBA star Russell Westbrook. effectively becoming a “real” bank but with no physical branches.

Banking 233
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How Lydia wants to make payments more personal and social

TechCrunch

The company started as a peer-to-peer payment app for the French market. In particular, you can now use your Lydia account as an alternative to a regular bank account. More importantly, the company is positioning its mobile app as a social product — not a fintech product. The app has evolved drastically over the past few years.

Social 239