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Retailers Support Charitable BNPL Alternative: A New Approach to Flexible Financing
Retailers are increasingly supporting a Buy Now Pay Later (BNPL) alternative provided by charity-owned lenders, aimed at offering consumers flexible payment options while ensuring responsible lending. This model has gained popularity due to its convenience and ethical practices, as charity lenders prioritize consumer protection and fund community initiatives. Many retailers, including Retailer A, B, and C, are partnering with these lenders to enhance their payment offerings, appealing to ethically-conscious consumers and differentiating themselves in the market. This trend towards responsible BNPL options signifies a positive shift in the retail industry, promising more ethical financing solutions for consumers.
Unlocking Sustainable Finance: The Urgent Need for Consistent Policy Frameworks
Nina Seega, director of sustainable finance at the University of Cambridge Institute for Sustainability Leadership, discussed sustainable finance and biodiversity in an interview with FinextraTV. She highlighted key achievements, including the establishment of a subsidiary for indigenous rights and effective participation mechanisms for local communities. However, Seega emphasized ongoing challenges for emerging markets, such as the need for clear guidelines and financial resources to support National Biodiversity Strategy and Action Plans (NBSAPs). She advocated for a unified strategy involving ambitious targets and collaboration among financial institutions to successfully integrate biodiversity and climate action with finance.
Belvo Secures $15M Investment to Revolutionize Latin America’s Open Finance Landscape
Belvo, a key player in Latin America’s Open Finance sector, has secured investment from prominent venture firms like Kaszek, Kibo Ventures, Future Positive, and Y Combinator. The funding will enhance Belvo’s data, payments, and AI capabilities. The platform enables financial institutions and enterprises to access and interpret user financial data, facilitating account-to-account payments. Serving over 150 clients, including major banks and digital platforms, Belvo has connected over 50 million individuals and businesses. Co-CEOs Pablo Viguera and Oriol Tintoré highlight Open Finance’s transformative potential, aiming to empower institutions and innovators in the region.
Citi and SDX Unveil Innovative Digital Assets Strategy for Private Markets
Citi and SDX have announced a partnership aimed at advancing asset tokenization, particularly for late-stage pre-IPO equities, during the Point Zero Forum in Switzerland. This collaboration will leverage SDX’s digital central securities depository platform to tokenize, settle, and safeguard assets, enhancing liquidity and access for institutional investors. Key benefits include increased trading flexibility, broader investor participation, and streamlined processes through blockchain technology. Set to launch in Q3 2025, the initiative is expected to attract significant investor interest. Leaders from both organizations highlighted the advantages of Switzerland’s regulatory framework in addressing challenges in private markets.