translated from Spanish: Improving neighborhoods, education and sustainable tourism: the investment alternatives offered by “ethical banks”

We can say that for a few years the social behavior of the companies is being critically observed by the environment. Sustainability now is not only on good intentions and increasingly more studies reveal the direct relationship between this trend and financial health in banking.
In Chile, this industry already takes its first steps towards the creation of the first ethical Bank. This offers customers the possibility of investing with a social conscience and thus become an active agent of change through co-financing. For the people is the chance that your money and green light to projects with social impact;  While it opens way for companies to fund ideas and customized initiatives backed by expert teams with knowledge in the sectors and their business models.
And it is that today, values such as equity and sustainability challenge us to become aware and to find ways that we can be better. Thus was born the need to create a new way of thinking and doing things differently on all matters and the economy is no exception. 
The financial industry is also is seeping in to change. Currently, the figure of investment offers new alternatives in which dialogue profitability and sustainability, and that money and its entire value chain are protagonists of a powerful and positive habits for societies change.
Under this vision, 40 years born in Europe called “ethical banking”, which is known to the banks that have some characteristics that make it to be a driver of change and transformation to an economy centred on people and the planet.
In Chile, this model grows and strengthens the eave and management of double impact, whose objective aims to inaugurate the first ethical Bank in 2022. This platform operates managing the demands of investors who want to give a conscious application to your money.

“crowdlending platform allowed us to give a concrete step towards the creation of the Bank, generating an agile prototype and begin to generate human and technological capacities to design the Bank of the future from there. We believe that technology will be key to the project, so we formed a technology Committee with top professionals and we are designing a technological Vanguard Bank for the next 50 years,”says Sebastián Cantuarias, director of double Impact.

double impact has taken the challenge of being a crowdlending and incorporate the ethical investment criteria in its technological design. For that the technological platform is the backbone of its process of credit risk, which incorporates variables hard to like solvency and economic capacity of the client, with the variables of positive impact as the care of the environment, the labour relations and the sustainability of the value chain. The sum of variables they have called the “comprehensive assessment of the risk” and it is the foundation that guides the technological platform of double impact.

“we know that the technology will be key to the success of the future Bank, but we have defined that this will not replace human relationships that arise from the use of the money, that our Bank will be cutting-edge technology, but it will not stop po “ner in the contact center personas-persona among our executives and our customers”, said Jorge Muñoz, a banker with over 12 years of experience in the industry, currently General Manager of double impact.

on the current platform, the investor finds a portal that provides you with all the relevant information about financing projects that represent possible alternatives of investment.

Original source in Spanish