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The 7 Trillion Dollar Question: Can Sustainable Financial Products Close the SDG Financing Gap?
Val Smith of Citi gives global context to what sound like the impossibly high costs of reaching the Sustainable Development Goals on clean energy and global warming, saying there is good news behind the daunting gap. The challenge is that current investment levels in development and climate-positive activity remain far below what is required – but current trends in innovative finance are heartening.
- Categories
- Energy, Environment, Investing
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Grameen America, Citi and Mastercard Collaborate on Financial Inclusion for Female Entrepreneurs
Grameen America, a leading nonprofit microfinance organization, today announced a collaboration with Citi and Mastercard to introduce a number of financial technology solutions that will greatly enhance the organization’s ability to promote digital financial access and inclusion for more than 86,000 low-income minority women entrepreneurs across the United States.
- Categories
- Entrepreneurship, Technology
- Region
- North America
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Financial Inclusion Forum: The Technology Revolution
Technology was a recurring theme during the recent Financial Inclusion Forum. Eugene Amusin, chairman of the event, points out that while fintech is an enabler – it can decrease costs, providing new entrants with a competitive edge over incumbents who have legacy systems – there is a risk of new technology looking for problems to solve vs. creating technology to address identified obstacles.
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- Uncategorized
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Asian Development Bank partners with Citi to provide US$100 million for microfinance in Asia
Asian Development Bank (ADB) has entered into an agreement with Citi to expand local currency lending to the microfinance sector under the Microfinance Risk Participation and Guarantee Program.
- Categories
- Uncategorized
- Region
- South Asia
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Report: Digital Money Is Now ‘Part Of The Fabric Of The Modern World’
A recent report from Imperial College London with Citi digs deeper into digital money – its benefits, global adoption, tipping point and much more.
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- Uncategorized
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Building an Inclusive Financial System, One City at a Time – an Interview with Citi’s Bob Annibale
I recently had a chance to speak with Bob Annibale, global director of Citi Community Development. Annibale’s work for Citi touches on everything from microfinancing to neighborhood revitalization. We discussed partnering with mayors, helping the unbanked, immigrant integration and more.
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- Uncategorized
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Citi Foundation Announces $20 Million Community Progress Makers Fund
The Citi Foundation announced today the launch of the Community Progress Makers Fund, a $20 million grant initiative to support nonprofit organizations in the U.S. The Fund will provide unrestricted grant funding to help community organizations lead urban transformation efforts that catalyze economic opportunities for low-income households and communities. Core operating support commitments of up to $500,000 each will be available to organizations working in Chicago, Los Angeles, Miami, New York City, San Francisco Bay Area and Washington, D.C.
- Categories
- Impact Assessment, Investing
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Citi Launches FinTech Unit to Lead Mobile-First ‘Revolution’
Citigroup has launched a unit in its global consumer bank dedicated to the development of its mobile banking services and promoted Heather Cox to be its CEO.
- Categories
- Uncategorized
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