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UNIDOSUS AND EXPERIAN LAUNCH PARTNERSHIP TO SUPPORT FINANCIAL EMPOWERMENT
UnidosUS, the nation’s largest Hispanic civil rights and advocacy organization, and Experian today announced a new partnership to further the mission of financial empowerment. UnidosUS also kicked off its LatinX IncluXion Summit today, of which Experian is a plenary session sponsor.
“Experian has been a welcome and creative partner to UnidosUS through its support of our Financial Empowerment Network (FEN),” said Lot Diaz, Vice President, Housing and Financial Empowerment at UnidosUS. “Our program is expanding its reach to provide financial education and coaching to Latino families who are working to rebuild their financial lives after major setbacks during the pandemic. We are honored to have Experian’s support in reaching more families at this critical moment in time through the FEN. 2021 is an even more important year for this service, and Experian’s partnership is helping us be present and available in more ways than ever before.”
ORACLE PROMOTES RESPONSIBLE USE OF AI IN FINANCIAL INSTITUTIONS
A recent World Economic Forum survey1 found that 85% of financial institutions have implemented AI, but some still have concerns about its use. To help financial institutions apply AI responsibly, Oracle has added new AI governance capabilities to its Oracle Financial Services Compliance Studio application. With a new visualization canvas that fosters more inclusive machine learning model creation, alerts for potentially sensitive issues, and new in-memory sandboxes to more easily create and refine models, banks can help weed out bias and uncertainty in applying the power of AI to fight money laundering and other financial crimes. These new model management and governance capabilities will also soon be implemented with PwC’s Model Edge solution.
ROBOTIC ASSISTANCE DEVICES RECEIVES ORDER FROM REGIONAL FINANCIAL INSTITUTION
Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly-owned subsidiary Robotic Assistance Devices Inc. (RAD) has received an order from a leading regional financial institution. Although not disclosed due to confidentiality agreements, the end-user for this 1 ROSA180 unit will be RAD’s first deployment into the financial services industry.
“It’s thrilling to open new markets, especially since we see so much potential for a significant number of deployments in this industry,” said Steve Reinharz, CEO of AITX and RAD. “This ROSA180 deployment opens up a new vertical market that is desperately in need of the solutions RAD provides. We’ll build on this win, and I’m excited to see this industry’s response when ROSA3.0 is revealed on October 13,” Reinharz added.
FINTECH STARTUP PAYORO LAUNCHES PAYORO CONNECT
European fintech startups are growing fast. With solid regulatory frameworks, advanced technology and a dynamic, tight-knit European market, many consider these upstart fintechs well-poised to take on the global financial world.
Established in COVID-19-stricken 2020, Payoro is a new European fintech startup. Based out of Gibraltar and Estonia, Payoro aims to develop open banking technology products, offering both B2C and B2B bank-tech solutions. Now, Payoro launches Payoro Connect, a platform that may change how banking relationships are established.
HSBC BRINGS FIRST-OF-ITS-KIND SUSTAINABLE FINANCE PRODUCT SUITE TO CANADIAN BUSINESSES
HSBC Bank Canada announced today the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities, Sustainability-Linked Loans, and Green Equipment Financing are joining HSBC’s successful Green Loans launched in 2019. With the new suite of sustainable finance offerings HSBC has become the first bank in Canada to apply sustainable finance market principles to both trade and deposit products.
KERBEROS CAPITAL MANAGEMENT ANNOUNCES WORLD’S FIRST ESG-LINKED DEBT PRODUCT FOR LITIGATION FINANCE MARKETS
Kerberos Capital Management announced today the introduction of a groundbreaking new direct lending product to law firms with a margin ratchet linked to ESG targets – the first debt product of its kind in Litigation Finance markets. The program is intended both to recognize and reward firms that have already established a commitment to advancing ESG factors in their work, and to incentivize qualifying firms to continue those efforts into the future.
CASHFREE PAYMENTS WINS ‘EXCELLENCE IN PAYMENTS’ AT ASSOCHAM AWARDS FOR FINTECH & DIGITAL PAYMENTS
Cashfree Payments, India’s leading payments and API banking solutions company, today announced that it has won the ‘Excellence in Payments (processor)’ award at the ASSOCHAM Awards 2021 for Fintech and Digital Payments.
Assocham Awards 2021: FinTech & Digital Payments honours brands disrupting the industry. A strong point of Cashfree Payments’ appeal was the clarity with which it identified several digital payment problems and offered solutions that presented applicability for multiple industries. Cashfree Payments competed with 69 other companies, including startups and incumbents, to win this award.
LUFAX RELEASES FIRST ESG REPORT HIGHLIGHTING COMMITMENT TO INCLUSIVE FINANCE
Lufax Holding Ltd , a leading technology-empowered personal financial services platform in China, today released its first Environmental, Social and Governance (ESG) report. The report highlights the Company’s long-term commitment to inclusive finance, improving access to financial services for small and micro business owners, alleviating rural poverty, supporting the real economy and other societal benefits through FinTech innovations.
The report provides a look at the Company’s ESG performance for 2020 and offers a comprehensive overview of its commitment to making retail borrowing and wealth management easier, safer and more efficient. Of the many areas covered in the report, a few to highlight include achievements in corporate governance, providing inclusive financing to small and micro businesses, strengthening consumer protections, contributing to poverty alleviation and rural revitalization, and promoting green finance.