In June, I was lucky enough to be Vancity’s representative at a meeting of the Global Alliance for Banking on Values in Copenhagen. I have tried to sum up that experience in three posts on the Credit Union Water Cooler site.
The third and final post was published today. It’s called Citizen Bankers. Please take a look and leave a comment on the site if you have something to add or ask.
My first two posts were From Community-based to Values-based and The Banking Commons.
I’m humbled by my experience in Copenhagen with my Global Alliance colleagues – I am still unwrapping my lessons and the world of possibilities discovered during my time with them – and am very proud of these three posts.
As always, I welcome your thoughts on this final post…
The second part of my three-part series of posts on my experience in Copenhagen at the Global Alliance for Banking on Values meeting is now live. It’s called The Banking Commons. Please check it out and leave a comment and let me know what you think…
The first part of my three part series of posts on my experience in Copenhagen at the Global Alliance for Banking on Values meeting was published today on the CU Water Cooler site.
That is all.
I’m at YVR, waiting for a flight to Copenhagen. I’m going to a meeting of the Global Alliance for Banking on Values, a group of 24 banks, credit unions, microfinance organizations and other financial institutions dedicated to a sustainable banking model. These organizations have a “shared commitment to find global solutions to international problems – and to promote a positive, viable alternative to the current financial system.”
We’re meeting in Copenhagen, hosted by Merkur Cooperative Bank, to discuss how to better convey to consumers what a values-based banking model and approach is all about. How do we get people to include thinking about what their money is invested in while it’s parked at the bank as one of their decision factors when choosing a financial institution – in addition to rates, location, brand, etc…
It’ll be an intense few days of meetings and visiting Merkur’s clients who are working to create a more sustainable, equitable society. I’m excited and a little nervous about it. I am looking forward to meeting new colleagues from around the world who share a vision of addressing society’s problems through the tools of banking. And, of course, I’m honoured to be representing Vancity, as always.
I’ll blog while there if I have anything interesting to say, and I’ll also be taking photos on Instagram.
Kudos to Matt Vance for resurrecting the BarCampBank brand, with the forthcoming BarCampBank Seattle on February 9th.
Almost six years ago Jesse Robbins held the first North American unconference focused on banking. How damn prescient in light of the financial crisis that would begin to erupt later that year and go full-blown a year or so later. Way before anyone thought of occupying any street.
For me, new to financial services at the time, it was a chance to form a community that has nourished me to this day. Many of us were embracing social media and met for the first time in Seattle on July 21st and 22nd, 2007. I wrote several posts about it at the time, including a sum-up on NetBanker.
We created a couple of BarCampBank BC sessions in the two years that followed (with the fun acronym BCBBC).
What I want to talk about…
I think the time is absolutely ripe for a continuation of the dialogue, but in the time since the BarCampBank days, I have changed my focus from digital to community investment. BarCamps, which come out of the tech and dev world are steeped in discussions about technology and its power to disrupt. Personally, I want to move past talking about technology and to something much more deeply rooted and philosophical. I want to talk about values-based banking. Because if community banks and credit unions don’t start increasing their relevance, there’s no need for many of them – perhaps most of them – to exist. And looking at the movement towards strengthening local economies, combined with a pursuit of more sustainable and ethical business practices, we have a giant opportunity to focus ourselves on something meaningful. Reconnecting our cooperative and local heritage to the modern, engaged consumer and citizen.
I look forward to discussing that with you. Buy your ticket now. And let me know if you’ll be there…