Introducing the Green Finance Podcast, A Day in the Life of Milo Credit’s Founder and CEO, and More – Tearsheet

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The Green Finance Podcast Ep. 1: How Banks Can Foster Sustainability with Aspiration CEO Andrei Cherny

Welcome to Tearsheet’s Green Finance Podcast, hosted by Senior Journalist Iulia Ciutina.

This podcast will focus on what the finance industry is doing to combat climate change, having conversations with key people in the industry to unravel the company’s journey to sustainability.

In this first episode, Iulia chats with Andrei Cherny, CEO of Aspiration, a digital bank focused on climate change and sustainability.

Aspiration wants to help customers use their deposits for sustainable investments and gives them the opportunity to offset their carbon footprint – a fundamentally different strategy from traditional banks.

Listen to find out how banks can start bringing climate awareness closer to the consumer.

Listen/read more

“In a rapidly growing company, you feel like you’re in a different organization every four to six weeks”: A day in the life of Milo Credit Founder and CEO Josip Rupena

Josip Rupena is the founder and CEO of Milo Credit, a Miami-based fintech company that provides home financing solutions to consumers around the world.

Earlier this year, Milo added crypto mortgages to its product lineup, being the first of its kind for customers in the United States.

We take a look at what motivated Josip to start his own business and what a day in his personal and professional life looks like.

Read more

The last briefing

Green Finance Briefing: SEC cracks down on ESG and HSBC mishap

US regulators are starting to focus on greenwashing, proposing a new set of ESG fund disclosure requirements. And truth be told, there’s a lot of cleaning to be done.

ESG funds would be required to disclose additional information regarding the greenhouse gas emissions associated with their investments, such as the carbon footprint and weighted average carbon intensity of their portfolio, according to the SEC.

Separately, HSBC Asset Management’s Global Head of Responsible Investment, Stuart Kirk, managed to send shockwaves throughout the green finance industry after delivering his presentation titled “Why Investors Don’t Need worry about climate risk” at the Financial Times’ Moral Money Europe Summit.

HSBC was quick to react by suspending Kirk, according to FT.

Learn more (exclusive to Outlier members)

Just look at the charts

1. Activities for which customers are looking for fintechs

Source: FYNXT

2. Why big tech wants to participate in fintech

Source: Timo Dreger

today’s stories

JPMorgan taps PayPal exec to lead fintech partnerships
Former Wells Fargo and PayPal executive Peggy Mangot has joined JPMorgan Chase as head of fintech partnerships for the firm’s commercial banking (banking dive)

They also have libraries there
JPMorgan has made its annual summer reading list available for viewing in a metaverse library — a summertime tradition for more than two decades, 2022 marks the list’s first foray into the metaverse in Decentraland’s Onyx Lounge (Finextra)

The layoffs and hires game continues
After Klarna announced plans to lay off 10% of its workforce, rival fintechs Revolut and Wise said they had no intention of cutting jobs and are hiring for hundreds of vacancies (CNBC)

JPMorgan collects data to tackle the wealth gap
JPMorgan has started collecting data on the race and ethnicity of some borrowers, a deviation from the norm in US banking, as part of an effort to deliver on promises to do more for the black community after the murder of George Floyd (FT)

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