BNEF said the overallsustainabledebt market, which barely existed 10 years ago and includes assets such asgreen bondsas well as social bonds, grew 29 per cent in 2020.
The money raised through social bonds goes towards projects with positive social impacts such as education, healthcare, housing and basic infrastructure.
Like social bonds, green bonds are generally issued by governments and supranational bodies such as the World Bank to fund environmentally friendly programs, generally aimed at mitigating climate change.
Decentralised Finance (DeFi) is expected to emerge over the next decade, creating a parallel financial system operating on the internet.While bitcoin can operate as a means of payment or as a new form of commodity, DeFi projects go further, from lending to insurance and derivatives.The arrival of central bank digital currencies (CBDCs), which will enable DeFi, are perhaps five years away, while the emergence of the new internet-based finance system is probably an issue for the 2030s.Digital currencies and digital identity are an important part of enabling DeFi, and once you have these, you essentially have the missing pieces. Greg Medcrafthttp://www.afr.com/business/banking-and-finance/greg-medcraft-s-wa
Leading neobank UP has done its bit to accelerate Open Banking in Australia by becoming the 7th bank to make its data available as a Data Holder.This means UP's circa 300,000 customers can share their financial data with other accredited Open Banking participants (such as personal financial management app, Frollo, and CBA).UP's runaway popularity with a digitally-native customer base makes it easily the most requested institution by customers of Frollo and similar money-management tools, and so the early move to share data can't be understated in putting a well-timed rocket under the Open Banking roll-out.https://mozo.com.au/neobanks/articles/neobank-up-joins-frollo-open-banking-platform