In other news, a whistleblower gets $17 million, a key GBST client renews, BNPP Securities Services embraces digital custody, and a new SEF is born.
MAS & Google Launch Climate FinTech Initiative
The Monetary Authority of Singapore (MAS) and Google Cloud report that they are launching an initiative “to drive the innovation, incubation and scaling of climate FinTech solutions in Asia.”
The Point Carbon Zero Program is “a collaboration under MAS’ Project Greenprint,” that will spur climate FinTech solutions to “bolster financial sector access to accurate and granular climate-related data, for more efficient deployment of capital toward green and sustainable projects,” officials say.
For its part, Google Cloud is slated to launch the “world’s first open-source cloud platform dedicated to climate finance,” officials say.
Fintech vendors will be asked to propose “solutions to address a range of climate finance problem statements co-crafted by stakeholders from the financial sector and real economy,” officials say.
Then 100 solutions “will be shortlisted for further development and tested with a pool of 1,000 financial institutions,” officials say.
Key features of the Program are:
IBM reached a settlement with the federal government on Friday, agreeing to pay roughly $17 million to resolve allegations of illegal diversity, equity and inclusion practices. Acting Attorney Gen...