Heard on the Street: blockchain for non-financial industries, unlocking “catalytic” capital, and how climate change sees color

By August 12, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Blockchain continues to move into non-financial industries: Banking has been a very straight forward industry for years, but Doug Myers (SVP & Private Banking Regional Manager at Associated Bank) explains that development of fintech from companies like Apple and Venmo are forcing banks to evolve.

Think Big: Behind a Push to Unlock Billons in New “Catalytic” Capital for Global Development: The Catalytic Capital Consortium—an impact investing initiative launched in March by the MacArthur Foundation and two other sector leaders—comes at the right time for investors who believe that greater, more creative use of financial capital is essential to solving the world’s most pressing problems.

Small Business Loan Approvals at Banks Hit Record Highs: Approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small banks in July, according to the latest Biz2Credit Small Business Lending Index.

City Environmental Activists Tackle Racism Through Art and Action: The lack of diversity in the national climate movement is only one facet of environmental racism. Communities of color have been disproportionately affected by climate change for decades.