SAN JOSE, Calif., July 26, 2021 /PRNewswire/ -- PayPal Holdings Inc. (NASDAQ: PYPL), in partnership with ADL (the Anti-Defamation League), today announced a new partnership initiative to fight extremism and hate through the financial industry and across at-risk communities. This is the latest effort by PayPal in combating racism, hate and extremism across its platforms and the industry.
Through this collaboration, PayPal and ADL have launched a research effort to address the urgent need to understand how extremist and hate movements throughout the U.S. are attempting to leverage financial platforms to fund criminal activity.
The intelligence gathered through this research initiative will be shared broadly across the financial industry and with policymakers and law enforcement.
...
"All of us, including in the private sector, have a critical role to play in fighting the spread of extremism and hate. With this new initiative, we're setting a new standard for companies to bring their expertise to critical social issues," said Jonathan Greenblatt, CEO, ADL. "We have a unique opportunity to further understand how hate spreads and develop key insights that will inform the efforts of the financial industry, law enforcement, and our communities in mitigating extremist threats."
...
"This innovative partnership between ADL and PayPal encourages us to think outside the box when fighting evil," said Sindy Benavides, CEO, LULAC. "
We hope to see more private and public partnerships such as these to help raise the social awareness of the public to the dangers that exist in plain sight. Attacking these hateful groups' revenue sources weakens their reach and exposes just how unstable they truly are. The data and research collected from experts will help organizations, like LULAC, inform their strategy to combat evil. We congratulate these organizations and will continue to stand alongside them against hate."
...
This partnership is the most recent example of PayPal extending the reach of its financial crimes capabilities through multi-sector collaborations to address critical societal and community issues. PayPal also maintains partnerships with Polaris to combat human trafficking through a joint Financial Intelligence Unit, as well as a multi-sector research initiative to better understand illegal
firearm trafficking and financing.
...
More:
https://newsroom.paypal-corp.com/20...xtremism-and-Protect-Marginalized-Communities
