Values-Based Banking Mel King Community Fellows

Participants of the 2015 Annual Meeting of the Global Alliance for Banking on Values in Paris, France. Photo by Alain Bujak.

The CoLab Mel King Community Fellows program builds upon a 40-year tradition of bridging practice-based knowledge and academic research.  Dedicated to the legacy of Mel King, a still-active champion of cities and the communities they comprise, the program originally provided fellows with a year-long sabbatical at MIT to reflect, conduct research, acquire new skills, and build upon their existing networks. Today, Fellows continue their community-based work at their respective sites while simultaneously deepening their connections with their partners and each other. CoLab staff, students, and faculty affiliates support Fellows as they undertake self-directed learning projects of mutual benefit. 
Values-Based Banking Cohort
This cohort of Mel King Community Fellows is focused on the field of Values Based Banking.  Values-based banks operate and innovate within the so-called “real economy”.  They avoid speculation and derivatives and work to better serve their members, the planet, and the communities in which they operate.  In the aftermath of the global financial crisis, the demand has grown for banks and financial institutions that operate under this triple-bottom-line philosophy.  However, the business model is being challenged by new entrants into the banking market, low interest rates, and new regulations designed to reign in larger banks. 
MOOC on Values Based Banking
The Fellows are focused on building materials and opportunities for knowledge sharing and leadership development in the field of values based banking.  Much of this work will be done in collaboration with the Global Alliance for Banking on Values, a network of 27 values-based banks in 30 countries around the world.  Currently, the fellows are co-facilitating an 18-month course on leadership in values-based banking for mid-career professionals from across the GABV.  
The Fellows are also working with CoLab to build a Massive Open Online Course (MOOC) on values-based banking.  The goal of the MOOC, “Banking as if Society Mattered”, is to facilitate knowledge sharing and network building within the values-based banking community as well as to disseminate information about values-driven financial models to organizations, individuals, and communities around the world.  This MOOC will take a critical look at the core tenants of values based banking, drawing on theory, real-world cases, and interviews with leaders in the field. 
Registration for the MOOC is not yet open.  However, if you wish to receive a reminder when it is time to register, please sign up using this link.


Lily Steponaitis