Financial Technologies (Fintech) are changing the way that banking and finance work today. How can they bring change to the areas of the financial sector where it is most needed: its impact on society and on the environment? This discussion paper describes the key results of a series of 4 meetups in Berlin under the label “Conscious Fintech”. Among the most important outcomes are the “6 Principles of Conscious Fintech” and core ideas for a “Roadmap to Conscious Fintech”: How can Fintechs be supported to become more green, more sustainable, more social etc., or make a “conscious” financial technology approach the core value proposition of their business? What kind of information, education, research, networking, hubs and policies would help to make Conscious Fintech the new mainstream?
The paper is addressed to Fintechs, the financial sector, civil society associations and politicians. It provides an insight into the most promising ideas coming out of the community. Moreover, it gives a short overview of similar initiatives which also try to foster the ideas of Conscious Fintech.
Download the Discussion Paper here.
Download the Executive Summary here.