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S&P GLOBAL JOINS THE NET ZERO FINANCIAL SERVICES PROVIDER ALLIANCE, PART OF THE GLASGOW FINANCIAL ALLIANCE FOR NET ZERO
S&P Global has today announced that it is a founding member of the newly launched Net Zero Financial Services Provider Alliance (NZFSPA). The seventeen members of the NZFSPA have committed to aligning their relevant services and products to improve consistency in financial decision-making with achieving a net zero economy by 2050, at the latest.
The newly launched alliance joins the Glasgow Financial Alliance for Net Zero (GFANZ), part of the UN Race to Zero campaign. This is a major step in mobilising the flow of capital committed to supporting the transition to a net zero economy, by helping to ensure that asset managers, banks and financial institutions have the data, information and products needed to achieve their own net zero goals.
NICE ACTIMIZE ESTABLISHES STRATEGIC PARTNERSHIP WITH TATA CONSULTANCY SERVICES TO EXPAND MARKETS FOR ITS FINANCIAL CRIME SOLUTIONS
NICE Actimize, a NICE (Nasdaq: NICE) business, today announced a strategic partner agreement with Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, to expand its markets for its financial crime solutions to TCS’s broad customer base focused on banking, insurance and other financial services organizations.
TCS’s comprehensive set of services in the financial crime domain include consulting, analytics, transformation and technology solutions, platform solutions, and change management services. TCS continuously invests in financial crime and compliance-focused research to combat financial crime, enhance associated market compliance, and minimize financial and reputational risks.
WILSHIRE, IN ASSOCIATION WITH THE FINANCIAL TIMES, LAUNCHES DIGITAL ASSET INDEXES TO BRING MORE RELIABLE DATA TO INVESTORS
Wilshire, a global investment technology and advisory company, in association with leading global news organisation, the Financial Times (FT), today announced the launch of a new series of digital asset indexes to help investors understand and navigate this fast expanding market better.
Developed with CryptoCompare, a leading global cryptocurrency market data provider, the FT Wilshire indexes combine CryptoCompare’s market standard exchange ratings and Wilshire’s methodology to aggregate the prices of digital assets from an initial seven of the most highly rated crypto exchanges. Requirements of a minimum A rating and overall score of at least 70 over the previous 12 months mean they have robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, as well as legal and regulatory compliance and due diligence processes.
THE LINUX FOUNDATION AND FINTECH OPEN SOURCE FOUNDATION ANNOUNCE KEYNOTE SPEAKERS FOR OPEN SOURCE STRATEGY FORUM LONDON 2021
The Linux Foundation, the nonprofit organization enabling mass innovation through open source, along with co-host Fintech Open Source Foundation (FINOS), a nonprofit whose mission is to accelerate adoption of open source software, standards and best practices in financial services, today announced keynote speakers for Open Source Strategy Forum London (OSSF). The event takes place October 5, preceded by a FINOS Member event on October 4, in London, England. The schedule can be viewed here and the keynote speakers can be viewed here.
OSSF’s goal is to deepen collaboration across finance, open source and technology and drive innovation across the industry in order to deliver better code, faster. The event will feature 35+ sessions, revealing recent developments and the direction of open source in financial services across a wide range of topics and domains.
FINFIT LIFE CELEBRATES COMPANY GROWTH AND ANNOUNCES PLANS FOR THE YEAR AHEAD
Many companies and industries are still in recovery mode due to the ongoing COVID-19 pandemic. However, insurance startup FinFit Life, a network of independent contractors who promote ‘financial fitness’ as a pillar of health and wellness, celebrates its growth. Since its launch in December 2019, just months ahead of the world shutting down, the financial technology company has grown to over 400 licensed professionals, making them one of the fastest growing companies in the fintech insurance distribution space.
CLIMATE FINANCE ACCESS NETWORK ANNOUNCES 8 PACIFIC COUNTRIES RECEIVING DEDICATED CLIMATE FINANCE ADVISORS
The Climate Finance Access Network (CFAN), coordinated by RMI and supported by regional and global partners, has announced the first eight countries to receive dedicated advisors for climate finance. Fiji, Kiribati, Papua New Guinea, Samoa, the Solomon Islands, Tonga, Tuvalu and Vanuatu will receive advisors specifically trained and placed to unlock critical climate finance in developing countries.
Last week’s release of the Intergovernmental Panel on Climate Change Sixth Assessment Report (AR6) clearly sounded the alarm on the climate crisis. Climate change is hammering populations globally, and impacts such as rising temperatures, storm surges, and sea-level rise (which AR6 confirms is now locked in) have been felt acutely across the developing countries in the Global South. This is particularly true of coastal regions and Small Island Developing States (SIDS), where some of the world’s most vulnerable populations live. AR6 emphasizes what the Global South has been saying for years: Responding to this crisis is a global imperative, and there’s little time to spare.
INNOVATIVE DIGITAL FINANCE SOLUTIONS OFFER BUSINESSES GREATER CONTROL
The fintech industry, digital banking, and digital payments markets have all been rapidly expanding over the last decade. Yet, the pandemic has helped accelerate the move to digital payments and other digital finance services with a sense of urgency not seen before across the B2B landscape, and the same is true for the online retail sector. In fact, research by McKinsey & Company indicates that “overall, in retail, the impact was not a decline but a shift in buying behavior. In the first six months of the year, consumers spent USD 347 Billion online with U.S. retailers, up 30% from the same period in 2019 — corresponding to six times the annualized 2019 growth rate of online retail.” As for banks, the pandemic has accelerated the move from “physical” to “virtual” banking.
KBRA Expands Corporate, Project and Infrastructure Finance Group
Kroll Bond Rating Agency (KBRA) is pleased to announce an important step in the continued growth of our Corporate and Project Finance businesses. We have formed new sector teams and appointed sector leaders to focus on the intersection of infrastructure, energy, renewables and the rapid expansion of middle market lending.
“These new sector focused teams will help us meet the accelerating demand for KBRA’s thought leadership in these dynamic segments of the market,” said William Cox, Senior Managing Director and Global Head of all Corporate, Financial and Government Ratings.