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Home Technology Fintech

How to make your fintech a solutionary organisation

July 11, 2022
in Fintech
Reading Time: 5 mins read

I’m not interested in jargon.

ESG

To be a solution, you need to apply strategic and holistic thinking to the problem

I understand why it is essential in the context of professional business. Still, I firmly believe in being connected as a human being in the first place and love to get to know the client personally in order to fully understand the client’s business, spirit and principles.

This is all to say: When I first heard it, I resisted the word “solution”. I thought it sounded more awkward than saying someone was the problem solver. However, the words came out one after another. In podcasts and articles. It seemed to be everywhere.

So I made a cave and searched for the definition of the word. This took me to the Humanitarian Education Institute website, where I learned that being a solver is completely different from being a problem solver. It’s also where I was completely inspired by this concept and couldn’t stop thinking about the wonderful individual I would now describe as a solution.

According to the Institute of Humanitarian Education, the definition of a solution is someone who chooses the best and the least harmful and strives to support the system. It is someone who is always looking for something inhumane and unsustainable, developing innovative solutions and finding ways to make the world more humane and sustainable. It is aimed at imaginatively changing the system itself, beyond doing everything possible with a limited system.

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To be a solution, you need to apply critical systems and strategic and holistic thinking to your problems to design and implement the most effective and harmless plans. This is where solutionism is most relevant to environmental, social and governance (ESG) policies, where good ESG policies and communication work together. Many projects that have a positive impact on the environment also affect society. Corporate governance policies can also have a positive impact on the communities in which you operate.

GoHenry is a fintech company working on these various factors. It offers prepaid cards to young people and parents who don’t know how to teach their children how to manage money in today’s financial environment of subscription services, online game payments and cashless shops. But that’s not all. GoHenry is also committed to teaching young people who serve sound financial decisions through their money mission, making rewards and savings to goals a game. In addition, the cards are made of biodegradable materials and trees are planted each time the cards are used in partnership with the Eden Reforestation Project.

An example of a solver is Muhammad Yunus, Bangladesh’s “banker to the poor.” He found out that the traditional banking system did not serve the poor community and launched Grameen Bank. Get out of poverty in a way that empowers you. Yunus values education, which is the core of Grameen Bank. He believes in teaching clients sound financial principles so that they can manage their money more easily.

The Yunus approach has had a major impact, causing social and economic change and promoting equality. Ninety-four percent of the company’s microloan recipients are women, encouraging hundreds of organizations to offer microloans.

Much of what the Institute for Humanitarian Education teaches changes not only by teaching young people to tackle problems in this way, but also by staying positive in the face of the problems we face. Is brought about. As outlined in last month’s column, positive mental health is essential to keep us thinking creatively, solving problems, and avoiding the pressure of the challenges we face.

In addition to teaching young people to do this in our lives, we should be in a position to make better choices for these young people. We can communicate the positive changes that our business is making and emphasize the good things that it is doing in all areas. Not only will you win the business from a new generation that values the positively influential business, but they may also inspire them to tackle the problems of their world with a solutionive mindset.

This is what I find very exciting about the solution approach. The impact can be vast and widespread in the idea of a solution that addresses a problem by solving a problem in the system. The positive impact this has on young people can make young people who see it think in a more solution way and deal with problems in their world. This too can go beyond the immediate problem.

Leave a request from today’s column. Imagine the changes that could be caused by just taking a moment and taking a solution to FinTech’s ESG policy.


About the author

Gihan Hyde is an award-winning communications specialist and founder of Comm Unique, an ESG communications startup.

She has run ESG campaigns in eight sectors in six countries over the last two decades.

Her campaign had a positive impact on more than 150,000 employees and 200,000 clients and closed more than 300 million in investment transactions. Clients she advised include the World Health Organization (WHO), HSBC, Barclays, M & S, SUEZ, Grundfos, Philip Morris, USAID, and the Government of Saudi Arabia.

Get in touch with Gihan through LinkedIn Or Twitter @gehanam.

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