Parekh explains in article how fintech and other companies can support causes they believe in through their work.
HOUSTON, May 9, 2022 /PRNewswire-PRWeb/ -- Khalid Parekh, Founder & CEO of FAIR Bank and AMSYS, has published his first article for the Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management, and investment firms.
The article explains the importance of Socially Responsible Investing (SRI) and Environmental, Social, and Governance (ESG) values-based financial decisions. Entitled "Are Your Financial Transactions Morally and Socially Responsible?" Parekh uses this opportunity to ask "Did you realize that every time you make a financial transaction you are also making a moral decision?"
Parekh goes on to explain that "Morals refer to an individual's own principles regarding right and wrong, and your financial institution might—or might not—be conducting itself in a way with which you agree. This is an important distinction for someone like me who believes strongly that financial technology, or fintech, is a powerful tool that can be utilized to fuel positive social change. Upon arriving in the U.S. from India with just $100 in my pocket 22 years ago, I struggled to not only get a loan but also to even open a bank account. So, in many ways, financial services are very personal to me, and I have always felt there is a strong need for financial institutions that allow their customers to support practices that they believe are socially responsible."
The full article is available at http://www.forbes.com/sites/forbesfinancecouncil/2022/05/03/are-your-financial-transactions-morally-and-socially-responsible/
"Working with Forbes on this article for the Forbes Finance Council has been a great experience", states Parekh. "I see real value in explaining the importance of Socially Responsible Investing (SRI) and Environmental, Social, and Governance (ESG) and feel strongly that my membership in the Forbes Finance Council will help FAIR bank and AMSYS further cement our leadership role in the fintech, IT and business services fields."
Khalid Parekh was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.
"We are honored to welcome Khalid Parekh, Founder & CEO of FAIR bank and AMSYS into the community," said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Finance Council. "Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world."
Parekh ends his article by pointing out that "Your financial decisions can be morally and socially responsible. Every day we either walk the walk, or we do not. I urge you to take these thoughts to heart and work to make sure your financial decisions match up with your concept of what is right, not what is wrong. It's an important way in which we can all make the change we want to see in this world a reality."
ABOUT FAIR BANK
Dedicated to values that place people over profit, Fair practices socially responsible investing (SRI), environmental, social, and corporate governance (ESG) investing. Fair donates 2.5% of its profits to global refugee causes and racial economic empowerment initiatives. Fair banking services are provided by Coastal Community Bank, member FDIC.
Investment and retirement services will be provided by Fair Invest, LLC.
FAIR bank membership enrollment is available at bankwithfair.com, and the Fair mobile app can be downloaded in the Apple App Store and Google Play Store. Fair membership can be completed with a social security number or a government-issued ID, such as a valid passport or driver's license.
Terms and conditions apply and can be found at bankwithfair.com. Connect with @bankwithfair on Facebook, Twitter, Instagram and LinkedIn.
Disclaimers: Investment and lending products are provided by Fair Invest, LLC, a registered investment advisory firm with the Securities and Exchange Commission. Custodial and brokerage services are provided by Apex Clearing Corporation, a member of the New York Stock Exchange (https://www.nyse.com/), FINRA (https://www.finra.org/), and SIPC (http://www.sipc.org/).
Please note that these products are protected by SIPC insurance for Fair Invest, LLC accounts on APEX Platform, not insured by FDIC insurance. SIPC insurance covers customer claims up to $500,000, with a maximum of $250,000 for cash claims. For details, see http://www.sipc.org Not a deposit or other obligation of, or guaranteed by Coastal Community Bank, Member FDIC, or any bank affiliate. Subject to risk including possible loss of invested principal. This risk is assumed by Fair Invest, LLC so member's invested principal will not be impacted by such losses. For details, please see https://bankwithfair.com/terms-conditions/
ABOUT FORBES COUNCILS
Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive. For more information about Forbes Finance Council, visit forbesfinancecouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.
Media Contact
Peter Schwartz, FAIR, 520-609-2921, [email protected]
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