Financial stability in a volatile world
Cardano Development is committed to helping frontier economies develop and prosper. Our goal is to bring financial risk management products and services to frontier markets. To make people and businesses more resilient and protected against risk:
- From a frontier market perspective, the financial system as a driver for sustainable and inclusive growth is an essential part of the development process of the country;
- Developing economies with higher levels of financial development grow faster and experience faster reductions in poverty levels. This provides the fundamentals for income growth and job creation;
- We believe that building long-term financial stability through improving financial services in frontier markets will help to mitigate the risks for people and businesses in the local economy.
The Cardano Way
Cardano Development focuses on developing innovative financial risk management solutions that are practical and can be scaled-up. Our strategy is to leverage the combined skills and knowledge of the Cardano Development group and its partners to bring high-impact financial risk management innovations to the frontier markets.
Our focus is to create new, scalable, practical solutions to mitigate extreme risks for end-clients in developing countries, such as currency risks, catastrophic risks, or commodity price risks. The purpose is to give end-clients the instruments to manage their main external risks, thereby reducing the hurdles to invest and build up their core business and to promote stable and sustainable economic development.
We work as follows:
- We identify market gaps in the financial sector of frontier markets;
- Our expertise in risk management and financial markets is used to develop practical solutions that can be applied in these markets;
- Based on our extensive network, partnerships are created to finance and implement the solutions on a wider scale;
- We communicate our results to the wider development finance community, so our solutions can be used extensively.
New thinking, broader applications
Cardano Development was initiated by Cardano, a company that advises pension funds and other stakeholders in the retirement industry on investment and risk management. Their core business is to provide quantitative advise, but also give recommendations to improve pension design and legislation.
Cardano Development was established in 2007 to broaden the philosophy of providing stability and resilience through financial risk management techniques. To countries, sectors, and people that are not served by the market and thus don’t have regular access to these highly specialized services.
Cardano’s competitive advantage and leadership in its industry is driven by its culture of quantitative and behavorial risk management and innovation, which has become an integral part of its operations. It has also underpinned its motivation in establishing Cardano Development and Cardano Education.
Based on the success of Cardano, new initiatives and funds are created. All Cardano Development initiatives have the following characteristics:
- They address a systemically important market gap in frontier markets;
- They apply a state-of-the-art financial approach to markets, risk management and operational effectiveness;
- They provide a solution that is scalable to become relevant on a macro-economic level;
- They are financially sustainable (on a level as required by its financial partners).