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FinTech4Good

FinTech4Good is a global fintech and blockchain network focused on emerging technologies.
FinTech4Good
Leadership team

Nathan Yu (Co-founder & Executive Director)

Eric Gu (Co-founder & Chief Strategy Officer)

Sophia Ma (Chief Operating Officer)

Michael Sun (Chief Financial Officer)

Lucas Lee (Chief Technology Officer)

Headquarters
Chicago, Illinois, United States
Type
For Profit
Region served
worldwide
Year stablished
2017
Address
111 North Wabash Ave. Chicago, IL 60602 United States
Social Media
Summary

FinTech4Good is a global fintech and blockchain network which supports young companies and startups using blockchain technology. It is a private organisation with headquarters in Chicago, Illinois. The president of FinTech4Good is Xiaochen Zhang. The company has global offices in  Washington DC, Chicago, Beijing, Qingdao, Shanghai, Silicon Valley and London.

FinTech4Good operates as a global fintech and blockchain network with a mission to collaborate with startups, industrial leaders, non-profit organisations (NPOs), and investors to foster the development, investment, and implementation of solutions aimed at creating a better world. At the heart of FinTech4Good is the Venture University, serving as the educational, venture-building, and solution acceleration arm. This facet of the organisation focuses on equipping individuals and entities with the knowledge and resources necessary to navigate the rapidly evolving landscape of emerging technologies and drive positive impact.

With a global perspective, FinTech4Good leverages cutting-edge technologies such as blockchain, artificial intelligence (AI), Metaverse, and Cloud Computing to build startups, offer consulting services, and deliver professional development programs. The overarching goal is to contribute to achieving the United Nations Sustainable Development Goals (SDGs) while revolutionising the financial sector. Since its inception in 2017, FinTech4Good has cultivated one of the most impactful ecosystems in the industry, actively engaging mentors, advisors, and global fellows to deliver acceleration programs worldwide.

The organisation's impactful initiatives extend to empowering underserved entrepreneurs through mentorship, launching transformative collaborative initiatives with international partners, and fostering leadership in the field. FinTech4Good has hosted over 100 events focusing on emerging technology and sustainability, drawing the participation of 500+ companies and over 10,000 attendees over the last three years. Through its various programs, including Venture University, Digital Finance Accelerator, CBDC Committee, World Responsible Leaders Dialogue, World Digital Economy Council, and Collaborative Initiatives, FinTech4Good remains at the forefront of driving positive change through the intersection of finance and technology.


History

FinTech4Good has a rich history marked by a series of impactful events, fostering innovation, collaboration, and responsible technology practices. The organisation's journey includes hosting diverse events that bring together emerging technology leaders, experts, and enthusiasts to discuss the future landscape of finance and technology.

The 2018 Digital Asset Investment Forum (DAIF):

A second Digital Asset Investment Forum was held in Washington, DC. The event was hosted by the FinTech4Good team as the opening of the DC Blockchain Incubator and Energy Blockchain Leadership Committee. The premiere of the event attracted executives from across the industry to discuss whether blockchain technology could change the industry the way the Internet once did. Specific questions were related to the value of technology for existing applications, the most promising startups, and how to create a strong ecosystem for the healthy development of digital assets.

In 2019, FinTech4Good participated in BLOCKSHOW ASIA, a significant event held in Singapore on November 14. This forum provided a platform for discussions on blockchain and alternative finance, showcasing the organization's engagement with the global FinTech community.

Throughout 2019 and 2020, FinTech4Good organised a series of online webinars under the banner of "DeFi Tech Talk," delving into various aspects of decentralised finance. Topics ranged from the implications of DeFi in capital markets to discussions on synthetic assets, identity, governance in the blockchain era, and the WOM Protocol aiming to fix the broken advertising model. These events demonstrated FinTech4Good's dedication to exploring cutting-edge developments in the FinTech space.

The organisation also played a crucial role in fostering discussions on blockchain's role in sustainable energy. The "BLOCKCHAIN FOR SUSTAINABLE ENERGY" event held on May 5, 2020, showcased FinTech4Good's commitment to addressing global challenges and promoting sustainable solutions.

In response to the COVID-19 pandemic, FinTech4Good adapted its events to address the evolving landscape. The "World Responsible Leaders Dialogue" sessions held in May 2020 focused on the pandemic's impact on the future of learning and explored solutions beyond COVID-19. 

Additionally, FinTech4Good ventured into the Central Bank Digital Currency (CBDC) space with "The CBDC Forum II" in October 2020, engaging in critical discussions shaping the future of digital currencies.

FinTech4Good's journey of fostering innovation and collaboration continued with a landmark event - the Chicago AI Conference 2023. Partnering with the AI 2030 Initiative and co-hosting with key partners, the conference is poised to make waves on October 26, 2023, in Chicago. With over 100 senior leaders from financial institutions and diverse industries, the event aims to shape the future of finance with responsible AI practices.

A significant announcement at the conference is the pre-launch of the AI 2020 Open Source and Open Access Responsible AI Framework. This initiative aims to provide an open-source framework promoting responsible AI practices across industries. Built on pillars of fairness, transparency, accountability, privacy, and sustainability, the framework ensures that AI technologies uphold the highest ethical standards. As AI reshapes the future of finance, this conference aims to be a catalyst for collaboration and innovation, ensuring that responsible AI practices are at the forefront of global initiatives.


Goals and Purpose

FinTech4Good is dedicated to advancing the intersection of emerging technologies and finance with a clear set of goals and purposes aimed at driving positive change and innovation in the industry. Here's an overview of their overarching objectives:

Goals

Promoting Social Impact: FinTech4Good endeavors to harness the power of emerging technologies to address pressing societal challenges and promote social impact. By leveraging blockchain, AI, Metaverse, Cloud Computing, and other innovative solutions, they aim to create sustainable and inclusive outcomes that benefit communities worldwide.

Fostering Innovation: A core goal of FinTech4Good is to foster innovation in the finance industry by encouraging the adoption and integration of cutting-edge technologies. Through collaboration with startups, industry leaders, non-profit organizations, and investors, they seek to drive forward-thinking initiatives that revolutionize finance and propel the industry into the future.

Empowering Entrepreneurs: FinTech4Good is committed to empowering underserved entrepreneurs by providing them with access to mentorship, advisory services, and professional development programs. By nurturing talent and fostering a supportive ecosystem, they aim to cultivate the next generation of leaders and innovators who will shape the future of finance.

Advancing Sustainable Development Goals (SDGs): With a focus on sustainability and responsible innovation, FinTech4Good aligns its efforts with the United Nations Sustainable Development Goals (SDGs). They work to develop solutions that contribute to environmental sustainability, economic growth, social equity, and other key areas outlined in the SDGs.

Purposes

Driving Positive Change: FinTech4Good operates to drive positive change in the finance industry and beyond. By promoting ethical practices, responsible innovation, and inclusive growth, they aim to create a more equitable and sustainable future for all stakeholders.

Facilitating Collaboration: Another key purpose of FinTech4Good is to facilitate collaboration and knowledge-sharing among stakeholders in the finance and technology sectors. Through events, initiatives, and networking opportunities, they create spaces for dialogue, partnership, and collective action aimed at addressing shared challenges and achieving common goals.

Promoting Responsible Leadership: FinTech4Good seeks to promote responsible leadership practices within the finance and technology sectors. By fostering a culture of integrity, transparency, and accountability, they encourage leaders to prioritize ethical considerations and social responsibility in their decision-making processes.

Empowering Communities: Ultimately, FinTech4Good's purpose is to empower communities and individuals to thrive in a rapidly changing world. Whether through access to financial services, opportunities for entrepreneurship, or the development of innovative solutions, they strive to create pathways to prosperity and well-being for people around the globe.


Impact

FinTech4Good has made a significant impact in the financial technology landscape, playing a pivotal role in fostering innovation, collaboration, and sustainable practices. The organization's initiatives have left a lasting impression on various fronts, contributing to the advancement of the FinTech sector and addressing global challenges.

One of the notable impacts of FinTech4Good lies in its commitment to education and knowledge-sharing. Through events like "DeFi Tech Talk," the organization has provided a platform for in-depth discussions on decentralized finance, synthetic assets, and other cutting-edge topics. By bringing together experts, thought leaders, and enthusiasts, FinTech4Good has facilitated a rich exchange of ideas, contributing to the broader understanding and adoption of emerging technologies in the financial sector.

FinTech4Good's focus on responsible technology practices and sustainability is evident in events like "BLOCKCHAIN FOR SUSTAINABLE ENERGY." By exploring the intersection of blockchain and sustainable solutions, the organization has spurred conversations around leveraging technology for environmental and social impact. This commitment aligns with the growing global emphasis on responsible business practices and the role of technology in addressing pressing challenges.

The organization's involvement in the Central Bank Digital Currency (CBDC) space, as seen in "The CBDC Forum II," reflects its engagement in shaping the future of digital currencies. As the financial landscape evolves, FinTech4Good's contributions to critical discussions on CBDCs highlight its role in influencing policy and driving thought leadership in areas with transformative potential.

FinTech4Good's response to the COVID-19 pandemic, demonstrated through events like the "World Responsible Leaders Dialogue," underscores its adaptability and commitment to addressing contemporary challenges. By fostering dialogue on the pandemic's impact on education and exploring solutions beyond COVID-19, FinTech4Good has showcased its agility in addressing dynamic global scenarios.

Moreover, the conference marks the launch of the AI 2030 Accelerator program, a collaboration between AI 2030, FinTech4Good, the Billions for Trillions Climate Alliance, and partners. This accelerator aims to support responsible AI development and address global challenges, particularly related to climate change. Additionally, the Responsible AI for Financial Professionals Academy is announced, a 12-week program designed to equip financial experts with the knowledge and skills to leverage AI responsibly.


References
FinTech4Good
Leadership team

Nathan Yu (Co-founder & Executive Director)

Eric Gu (Co-founder & Chief Strategy Officer)

Sophia Ma (Chief Operating Officer)

Michael Sun (Chief Financial Officer)

Lucas Lee (Chief Technology Officer)

Headquarters
Chicago, Illinois, United States
Type
For Profit
Region served
worldwide
Year stablished
2017
Address
111 North Wabash Ave. Chicago, IL 60602 United States
Social Media