Executive Series: In an ESG World, the Financial Services Industry Can Win Big with Faster Payments
Environmental, Social, and Governance (ESG) initiatives are a becoming a key component and consideration of today’s business practices. Why? Because not only are they good for the environment and society as a whole, but they can be good for business as well. When it comes to financial inclusion, the financial services industry can win big with faster payments. Faster payments can solve many of the challenges the unbanked and underbanked face, such as overdraft fees, short-term liquidity problems, and the high cost of alternative credit services. And they can provide new opportunities for financial institutions, fintechs, third-party providers, and businesses themselves. With ESG as a focus, and faster payments as a goal, the financial services industry can meet demands, solve challenges, and reap benefits. Speakers in this Executive Session discuss the importance of having an ESG Strategy in place and how faster payments might advance ESG and business goals.