Finastra places social responsibility at the heart of its culture, bringing people and technology together through financial inclusion, social innovation and our environment mission.
This strategic approach and vision for corporate social responsibility (CSR) was formed at the inception of Finastra. Our dedicated CSR team, which includes many members of our Executive Leadership Team, recognize the role all of our stakeholders play in the pursuit of our objectives to improve the wellbeing of our employees, customers, partners, society and the environment in which we operate.
By focusing on our technology, talent and network we have created a platform for positive social and environmental impact through philanthropy, education, job creation, economic growth and innovation.
The Three Pillars of CSR at Finastra
Our financial inclusion pillar and programs endeavor to help all people everywhere to have affordable access to financial services to help them unlock their potential and achieve financial independence. This mission is delivered through the following three initiatives:
Financial Literacy for All
Financial education needs to be in place before access is provided to financial services. This ensures that people understand how financial services work and how they can serve them best in the pursuit of their ambitions to lead better lives. Finastra is dedicated to improving financial literacy rates globally for people of all ages through our programs, particularly for unbanked and underserved populations.
Banking the Unbanked
Approximately 1.7bn people are unbanked globally. To address this, Finastra collaborates with our customers worldwide to provide affordable access to financial services for the unbanked and underbanked such as payments and loans to improve people’s lives. This can be achieved by simply sending money securely and avoiding the need, risk and cost of carrying cash, as well as being able to buy their own home or gaining access to capital to start new business ventures.
By enabling micro- small- and medium-sized enterprises (MSMEs) to grow and scale through affordable access to capital, our MSME Funding programs, such as the Trust Machine, contribute to reducing the USD 5 trillion global funding gap via our lending solutions that our customers and microfinance partners run. This enables global economic growth through job creation, innovation and higher tax revenues for governments to invest in public services and infrastructure to alleviate poverty, which is the number one sustainable development goal (SDG) defined by the United Nations.
Finastra is acutely aware of its responsibility to minimize our impact on the environment together with our ability to reduce emissions in the financial services sector as an established fintech. This mission is delivered through the following three initiatives:
Carbon Neutral Finastra by 2030
Finastra is constantly working to reduce emissions as a business, with a goal to be completely carbon neutral by 2030. To achieve this objective, Finastra has environmental corporate programs that focus on managing air travel, providing accessible audio visual conferencing facilities and managing energy consumption. Our employees also volunteer to support our CSR carbon offsetting programs, which includes Planting Trees With Purpose, to improve air quality, reduce global warming and prevent flooding in our communities.
Customer Carbon Footprint Reduction
Finastra creates and deploys financial technology that helps reduce the carbon footprint of our global customer base. Whether it’s through the reduction of employee travel, paper consumption or energy that our solutions enable through the digitization of banking processes or the digitalization of financial services, we are committed to reducing emissions within our sector in collaboration with our customers and partners.
Finastra is keenly interested in supporting and partnering with organizations working in the areas of conservation and sustainability. We have established an Environmental and Sustainability Working Group to deliver this agenda across the company, which is led by our Chief Executive Officer and Chief People and Places Officer, as well as several members of the Finastra Leadership Team.
Find out more about our CSR people and programs
Follow these links to explore what makes our CSR program so successful.
If you are a customer or partner of Finastra, visit our Collaborative CSR page to learn how we can make a positive difference in our communities together.
Find out how and why Finastra delivers the Hour of Code as part of its Heart Plus Smart CSR strategy with Code.org.
Discover why Finastra provides mentorship and internship opportunities to young adults globally and how this program helps us to make a difference.