hiveonline is proud to have been asked to support the UN Environment Programme Inquiry into Design of a Sustainable Financial System, recently accompanying them to the G7 Green Finance for SME policy making meeting in Venice. Six of the G7 governments (all except USA) were represented, with a combination of Environment and Financial departments sending delegates.
Following an opening speech by the State Secretary for the Ministry of the Environment, Ms Barbara Degani, Advantage Financial presented their views on the future, with Fintech and future finance driving the agenda but also highlighted the shortage of equity capital available for research and investment. UNEP Inquiry paper co-author Nick Robins presented a summary of the findings, followed by analytical observations by PwC, which centred on the gap between the report’s ambitions and the backing of banks and nations to mobilise practical steps.
Following the Nordic tradition, the Bee has two homes and we attended the launch of the Stockholm Fintech Hub, hosted by KPMG, where the room was packed to capacity and 180 people had to be turned away! The hub itself, based at the No. 18 shared working space in Stockholm’s Central Station, opened its doors in March and a number of fintechs have already moved in. With 141 funded FinTechs in Stockholm alone, this facility is much needed.
We’re proud that the Stockholm Hub has asked Sofie to sit on its advisory committee, and represented it at February’s OsloFin Tech Fest in a lively discussion about collaboration across the Nordic Fintech Hubs.
If you’ve been following our series, you’ll know that we believe that whether you’re restructuring an existing business or building a new one, the base unit of building a service aligned business is a capability. We’ve explored elsewhere the different types of capabilities (Case Managed and Core Standardised), how to structure services and the practicalities of building services. This article is concerned with the practicalities of building a capability.
As a reminder, a capability is the base unit of the purpose of an organisation, something the organisation does to fulfil its customer proposition. There are levels of capability, from top level capabilities such as “payments” or “customer relationship management”, to much more granular capabilities like “instant payments”, “customer onboarding” and beyond.
We’ve described service alignment, ecosystems and how these impact trust in previous articles. In this article we explore the impact of technology on community financing, and in particular how technology can support disintermediation of financial services and serve to empower communities in taking back control of their financial arrangements. This is an opportunity for developing economies, where many people are poorly served by the financial system and exploited as a result, but also in developed economies where there’s a real opportunity to rebalance the power of individuals and small businesses.
We believe an effect of this empowerment will be to encourage communities to make more sustainable choices about how their environments are managed; community ownership will allow longer-term and more community focused decisions to be made, while practical applications of fractional ownership and cryptocurrency rewards for sustainable energy production will reduce need for fossil fuels and costs.Read More »Microfinance, fractional ownership and crowdfunding