FinTech Weekly Issue #385 - Sustainable Finance: The Fuel For Growth
Issue #385 - Sustainable Finance: The Fuel For Growth2022-10-13Sustainable finance and ESG – Environmental, Social, and Governance – require institutions, businesses and consumers to act responsibly to address major social and economic issues. Actually, both start from people, and institutions, business owners and investors follow this sense of responsibility – which is needed. Despite this, it seems that not all agree on how sustainable solutions should be realized. This week, one of the news FinTech Weekly selected for you is the BlackRock case. This top investment company lost over $1 billion after its green investment policies. But the reason why many institutional investors in the US decided to withdraw may not lie only in an anti-ESG movement, but in the suspicion that sustainable policies may be adopted just to attract more participants, without really implementing any useful solution. So, how to identify the boundary between an honest and a misleading use of sustainability? Fintech plays a major role in this, and it’s the basis used by institutions and leaders to create new regulatory frameworks and business environments. This and much more on FinTech Weekly – the free fintech newsletter and magazine to discover the most relevant fintech news and conferences across the globe. |
Top Stories
Top Events
Podcasts and Videos
Sibos TV: How Sibos is leading the charge on sustainability - Oct 2022The Sibos conference aims at being the most sustainable event in the world: Melissa Sternberg, Global Head of ESG at Swift, joins the show to talk about how sustainability goals can be reached. |
Are ESG ETFs a gimmick? The debate surrounding the transparency and social agendas of sustainable investingDespite ESG – environmental, social and governance – being a new trend in investments, not everyone agrees. Many concerns are not related to ESG itself, but to the fact that companies may use it as a gimmick. |
Crypto
Cardano Price Could Pump on its Green Credentials and IMPT Could TooCardano is among the most sustainable crypto projects in the digital economy, and its innovative solutions may further increase the value of its crypto: the team behind Cardano and its founder, Charles Hoskinson, have been working on a new consensus mechanism – proof of useful work – which can make blockchain more sustainable. |
Banking
Sustainability in global transaction banking: A market imperativeAccording to Bloomberg, sustainable debt instruments reached over $1.6 trillion in 2021. Moreover, GTB – global transaction banking – has a large room for growth. One more point to take into account is that the demand for sustainable banking products exceeds supply – according to BCR Publishing. From this data, it is clear that sustainable GTB is not only a great opportunity for the banking sector but might also become imperative to meet consumers’ and investors' needs. |
Innovation
HSBC launches digital platform that revolutionises trade financeThe top bank HSBC has launched a new platform for the UK and Hong Kong markets: the HSBC Trade Solutions – HTS – allows clients to manage their trade finance products thanks to one online platform. Thanks to the leverage of API technology, this solution will help HSBC to further improve its future services also under an ESG perspective. |
Fintech
The Future of ESGTech: Driving sustainability and ethicsAs mentioned, not only consumers but also investors care about ESG and want the businesses and institutions they cooperate with to follow ESG best practices. Moreover, ESG might not be a choice in the near future: the International Sustainability Standards Board and European Commission are setting new standards that can become the basis for a widely adopted regulatory framework. |
Two Problems for FinTech to Solve: Cross-Border Payments and ESG DataFintech plays a major role in the achievement of ESG-related goals. Singapore keeps this in mind, and one of the most significant speeches delivered at Sibos is the one of Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS). Mr Ravi said that fintech has to solve two problems – cross-border payments and ESG data – and that it’s not only a task for institutions, but also for all fintech players – from startups to top companies. |
MAS hub to cultivate ESG fintech ecosystemIn fact, the MAS has developed an ESG Impact Hub, where ESG fintech startups can meet investors and financial institutions, to create an ESG-friendly environment. |
India’s Sustainable Finance Panel Backs Voluntary Carbon MarketIndia is another country where ESG and sustainable finance are taken into high consideration: a panel of the IFSCA – International Financial Services Centres Authority – is developing a new framework for green fintech and a global climate alliance. |
|
Key phrases
Older messages
FinTech Weekly Issue #384 - Tougher Regulations & Lower Investments
Thursday, October 6, 2022
Issue #384 - Tougher Regulations & Lower Investments 2022-10-06 More regulatory actions could benefit banks, and fintech companies do not face just this problem. In 2022, investments in fintech
FinTech Weekly Issue #383 - Can Sustainable Finance Be The All-In-One Solution?
Thursday, September 29, 2022
Issue #383 - Can Sustainable Finance Be The All-In-One Solution? 2022-09-29 Renewable energy is not only a solution to a major social and economic issue but also a more direct weapon against inflation.
FinTech Weekly Issue #382 - Is Regulation Vital For Inclusion?
Thursday, September 22, 2022
Issue #382 - Is Regulation Vital For Inclusion? 2022-09-22 The Ethereum Merge is finally complete, but instead of talking about what this means for the crypto market, we'd like to reflect on
FinTech Weekly Issue #381 - Anonymous, But Together – And Driven By Data
Thursday, September 15, 2022
Issue #381 - Anonymous, But Together – And Driven By Data 2022-09-15 Coinjoin, a way to further anonymize transactions while cooperating with others. As we know, a cryptocurrency like Bitcoin is not
FinTech Weekly Issue #380 - The Contradictions Of A Phygital World
Thursday, September 8, 2022
Issue #380 - The Contradictions Of A Phygital World 2022-09-08 Phygital and physital represent a fusion of “physical” and “digital”. These words are today used to indicate all those experiences,
You Might Also Like
Looking to buy a home? Good news.
Thursday, March 28, 2024
Don't miss out on lower mortgage rates ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
This woman made investing history
Thursday, March 28, 2024
And so can you.
The Simple Solution Worth Billions to Walmart and Amazon
Thursday, March 28, 2024
The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. Dear Investor, In warfighting, there's a saying: "Amateurs
Markup matters: monetary policy works through aspirations
Thursday, March 28, 2024
Tim Willems and Rick van der Ploeg Since the post-Covid rise in inflation has been accompanied by strong wage growth, interactions between wage and price-setters, each wishing to attain a certain
🇯🇵 Japan's latest low
Wednesday, March 27, 2024
Visa and Mastercard cut merchants some slack | Japan's yen hit a 30-year low against the US dollar | Finimize TOGETHER WITH Hi Reader, here's what you need to know for March 28th in 3:14
‘Out of the blue’ correction
Wednesday, March 27, 2024
Bloomberg Evening Briefing View in browser Bloomberg With a number of market watchers warning of a bubble, traders are increasingly on the lookout for signs of the cliff's edge. But if you ask
🗺️ Your guide to a finance mega-trend
Wednesday, March 27, 2024
Plus, “money dysmorphia” and how to choose between a 401(k) and IRA. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How to keep your crypto gains more secured
Wednesday, March 27, 2024
Don't risk losing your savings to hackers. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Issue #231: Why some people don’t have bank accounts
Wednesday, March 27, 2024
plus speed puzzling + the quad God ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Harry's Take 3-27-24 Expecting a Deeper Recession
Wednesday, March 27, 2024
image Harry's Take March 27, 2024 Each Recession Since 1990 Has Been Deeper The 1990 recession was small and shallow. The great Baby Boom economic explosion began in 1983, anticipated by the 1982