This post was originally published on The FinTech Times
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. But to kick off 2025, we’re placing a focus on ‘fintech for good’ to find out exactly how much impact fintechs are having – both positively and negatively.
No one would be surprised to learn that 99 per cent of fintech firms are established with one overarching priority: to make money. Whether they aim to offer financial services to consumers, to service banks, or otherwise, many place the importance of DEI, financial inclusion, ESG or other societally-driven motivations, at very different levels.
To begin January’s fintech for good focus, we reached out to industry experts to ask whether they believe all fintechs have a responsibility to ensure they make a positive social impact.
Fintech for good is a ‘practical’ movePeter Wood, CTO at Spectrum Search
“Fintechs bear the responsibility to contribute to society,” responds Peter Wood, CTO of web3, crypto and blockchain recruitment agency Spectrum Search. “Their foundation lies in democratising access to financial tools and addressing inefficiencies
— Read the rest of this post, which was originally published on The FinTech Times.