fintech digest
Philanthropy in Finance, Bank of England Rate Cuts, Access to Money & More
Research Team
14 June 2024
Bank of England Rates Decision
The Bank of England is expected to hold interest rates at 5.25% when it meets next week, following a no-change decision on May 8. Unlike May’s meeting, June 20’s decision will just be accompanied by a brief statement rather than the full monetary policy report and press briefing. So if there is no change to interest rates this week, there will be little guidance on when this is likely to happen.
Embedded Finance: Some Key Legal Considerations
The continued acceleration of embedded finance seems inevitable.
Consumers want access to lending and payment options quickly, seamlessly and increasingly more from non-financial products, services and platforms they are more familiar with. For retailers, revenue growth is intrinsically linked to the ease and simplicity under which their customers can access money and pay for their goods and services.
Individual Investors’ Interest in Sustainability Is on the Rise
Individual investor interest in sustainability is on the rise, according to survey findings in a new “Sustainable Signals” report by the Morgan Stanley Institute for Sustainable Investing and Morgan Stanley Wealth Management. More than three quarters (77%) of individual investors globally say they are interested in investing in companies or funds that aim to achieve market-rate financial returns while also considering positive social and/or environmental impact. In addition, more than half (57%) say their interest has increased in the last two years, while 54% say they anticipate boosting allocations to sustainable investments in the next year.
Philanthropy in Asset Management
Fasanara Capital's philanthropic "Second Chances" foundation is an initiative that supports selected charities dedicated to education, health and sustainability. In this video, our Head of Origination for Developed Markets, Matt Kus, highlights giving back as one of the fundamental values at Fasanara and the importance of striving to create a significant, enduring impact on society.
US Settles for $4.47bn with Now Bankrupt Crypto Firm Terraform Labs
Terraform Labs reached a $4.47bn civil settlement with the US Securities and Exchange Commission, after being found liable by a jury for defrauding cryptocurrency investors who lost an estimated $40bn when the TerraUSD and Luna tokens collapsed in 2022, leading to a disastrous downturn that affected the entire crypto industry.