Philip Hart | Source | Chief Internal Auditor at ClearBank
Philip Hart
Philip is the Chief Internal Auditor at ClearBank. He is an outstanding track record in delivering end-to-end risk-based assurance across commercial banking, investment banking, banking infrastructure (particularly payments and technology), and fintech. Philip has also held internal audit leadership roles focusing on risk management, including: market risk; model risk; credit risk; operational risk; and capital and liquidity risks.
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Fintech for good is not just a marketing exercise – it is a real force for positive change. For it to be effective you have to seek out the issues and situations where there’s an opportunity for fintech to help people. As an example, there have always been people without bank accounts, and the shift to digital payments risks leaving them even further behind. As of 2020, 1.2 million UK adults had no current or e-money account of any sort. There’s also a great deal of overlap between those who are unbanked and those in receipt of benefit payments. The result is wider access and greater choice.
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Can Fintech Really be a Force for Good?
The words ‘fintech for good’ get thrown around a lot in the industry. They’re the buzzwords you can always count on whenever a group of fintech leaders are standing in a room. But does the phrase have any legs – or is it just a collective industry pipe dream?
Article
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ClearBank
Chief Internal Auditor