Closing racial & wealth disparity gaps

Closing racial & wealth disparity gaps

24 Nov 2021
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Castleigh JohnsonCastleigh JohnsonCEO at My Home Pathway

Mr. Castleigh Johnson is currently the Founder and CEO of My Home Pathway, a financial technology firm that helps mortgage companies turn rejected mortgage applicants into qualified mortgage applicants through proprietary algorithms and customer engagement programs.

Previously the Founder and CEO of Trifigo, a financial technology firm that has developed a more engaging and effective way to improve financial behaviors, by focusing on providing knowledge and incentives that align to improve credit scores and financial outcomes.

Mr. Johnson has over 15 years of professional experience prior to starting his own firm, in various roles within Risk Management, Operations, Consulting, Bank Supervision and Corporate Sales. He has worked with some of the largest domestic and international financial service institutions, including Goldman Sachs, Ernst & Young, AIG, Bank of Montreal and the Federal Reserve Bank of New York.

In his previous corporate role at Bank of Montreal as the US Model Governance Director, Mr. Johnson oversaw the implementation of the US Model Governance standards for the domestic entities as well as the remediation of Federal Reserve and OCC outstanding regulatory findings.

Mr. Johnson is an alum of the Inroads Internship program as well as a Fellowship recipient for the Consortium for Graduate Study in Management, Bunton Waller, JP Morgan Investment Banking Summer Associate program.

Mr. Johnson received his Bachelor of Science in Management and International Business from Penn State University and his MBA with concentrations in Finance and Accounting from New York University.

Featured in Forbes magazine, Housing Wire and Driven Society podcasts, NYU and Babson Black Alumni Conferences, Fashion Institute of Technology and NYU Student Financial Literacy Guest Speaker.

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Description

In recent years, reparations schemes and other expenditure-based initiatives to close the racial wealth gap have gained traction. These investments are not only morally necessary but also economically vital. Castleigh Johnson, an innovator in financial technology, points out that initiatives to rectify racial wealth disparities could be an opportunity for financial institutions.

Table Of Contents

At the heart of the problem is opportunities
The racial wealth gap exists, and it is confirmed that decreasing it leads to a healthier overall economic system. Johnson deconstructs the advantages of viewing this issue as an opportunity and trying to find innovative solutions. He emphasises the word "equitable access" and how it aids in the resolution of wealth distribution difficulties for everybody.
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