Guest blog: Greening Digital Finance
SIMON ZADEK : Co-Director of the UNEP Inquiry into Design Options for a Sustainable Financial System and Visiting Professor and DSM Senior Fellow at the Singapore Management University. Digital finance is the unexpected revolutionary – but which side will it take? With the help of digital finance, urbane consumers can glide gracefully and seamlessly through their shopping experiences, migrants far from home can move hard-earned money cheaply to their families, small businesses can access credit lines in minutes through big data-driven profiling, and savers can navigate their investment opportunities with pinpoint accuracy. Will digital finance, then, deliver an all-purpose public good, or do we first need to manage possible constraints or even downsides? A new generation of intermediaries are reinventing the financial system, breaking down the old value chains with its many profit-taking intermediaries. New financial technologies have earned moral credentials by enabli...