In this Authority Magazine article, Alexandra Navarro, the Chief of Staff at Santa Cruz & Silicon Valley unicorn at Paystand, discusses the impact of their technology on the finance industry. Paystand aims to eliminate the use of traditional banking methods and instead allows companies to process transactions with a digital platform. This technology creates more transparency, cost savings, and efficiency for businesses while also providing greater financial access to individuals and communities that may have previously been excluded from traditional banking methods. Alexandra highlights the importance of social impact in the tech industry and how companies like Paystand are working towards creating a more equitable financial landscape.

Specifically, Alexandra shares five things to consider when creating technology for positive social impact.

1. Help more people access existing technology can have a significant impact.

2. The technology must be managed by people with high ethics and integrity.

3. Technology must be accessible to disadvantaged communities.

4. Collaboration is crucial to achieve social impact.

5. Ensure long-term success, it is essential to train leaders who can continue to make a positive impact using the technology.