Author: NayaOne – nayaone.com
Climate-centric innovation from global banks has been a highlight of 2021, with fintech and climate-tech fueled partnerships enabling banks to launch various green finance solutions.
Carbon footprint solutions, enabled by specialised climate-fintech partnerships, have been the go-to starting point for a majority of the banks. Numerous financial service providers have introduced tools for their customers to keep track of their spending and consumption-linked carbon impact. Other means implemented by banks also include digital receipts for purchases that can enable customers to go paper-free.
Apart from consumer-facing offerings banks also implemented internal solutions to assess the risk posed by climate change on their various portfolios and resulting operations.
With these mechanisms in place, the next stage of development now entails building on these base blocks to provide complementary solutions. Spending-linked offsets, green investments, green loans and mortgages are some of the instruments financial institutions are developing and introducing to strengthen their sustainable finance offerings.
At NayaOne, enabling sustainable finance is one of our key focus areas.
We work with numerous fintech providers and offer critical components such as data sandbox and API marketplace that help financial institutions in achieving their visions for the next generation of financial services.