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Latest Results from /sustainable

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US banks to struggle with climate risk data – Federal Reserve

According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties.

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IFC and SocGen’s Romania deal marks sustainable finance milestone

Societe Generale (SocGen) and the International Finance Corporation (IFC) have signed a Collaboration Framework Agreement to bolster sustainable finance in developing countries.

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UK GDP could fall 12% due to nature degradation – Green Finance Institute

According to research from the Green Finance Institute, damage to the natural environment could cause a 12% loss to UK GDP in the future.

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Sustainable development goals take G20 TechSprint centre stage

The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.

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JPMorgan opens Glasgow tech centre

JPMorgan Chase has opened a newly-built, sustainably-designed, multi-million pound office in Glasgow to house thousands of technology workers.

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UniCredit rolls out accessible cards for visually impaired

UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.

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Standard Chartered invests in ethical finance startup Algbra

Standard Chartered's venture arm has invested in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. Terms were not disclosed.

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EY to triple sustainable finance team in Dublin to accelerate ESG goals

A new innovation hub will be opened in Dublin to support global financial institutions push forward with meeting environmental, social and governance (ESG) regulatory and reporting requirements.

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Paynetics buys 'impact' banking app Novus

Bulgarian embedded finance provider Paynetics is making an ESG play through the acquisition of UK 'impact neobank Novus. Financial terms were not disclosed.

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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education.

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Central banks adopt LLMs to extract climate risk data from corporate reports

The Bank for International Settlements has completed proof-of-concept testing of Project Gaia, an initiative conducted in concert with three central banks to explore the use of natural language processing, optical character recognition and machine learning to extract climate-related data from corporate reports.

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EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.