Fintech Forward Newsletter - Issue 6
09 October 2024
As the ESG landscape continues to shift, with many elements of the field maturing from nice-to-haves to must haves due to evolving regulation, organisations are having to quickly adjust and get up to speed to stay on firmer ground. An example we delve into in this newsletter is the data gap that organisations in Europe must address ahead of the European Banking Authority’s Pillar 3 disclosures on ESG risk, which must be reported in early 2025.
Thankfully, we also see how specialist data and analytics providers are delivering innovative solutions to plug this gap. To assist in the vendor-selection process, we also highlight what firms should look for when choosing a provider.
Financial services calls for AI and ESG regulations to realise benefits
The financial services sector is seeking clearer and more balanced regulations on AI and ESG to help utilise the advantages that these trends present. A DLA Piper report shows that while there is a strong interest in advancing ESG agendas, 43 per cent of respondents seek a better understanding of current regulations.
Forrester: What to look for in ESG data and analytics providers
A range of market forces leads each region to adopt unique approaches to countering faster payments fraud. However, a common trend across many markets is the ironic shift towards slowing certain aspects of faster payments to better manage the rise in fraud.
ESG solution powered by alternative data fills asset data gap
Macroeconomic intelligence specialist, QuantCube Technology, has developed a solution that enables banks, insurance companies, asset managers and corporates to fill a widening ESG data gap.
The ‘Asset Mapping database’ collects granular insights from satellite imagery and geolocation analysis to understand the exposure of their investment portfolios to ESG risks and to address the European Banking Authority’s Pillar 3 disclosures on ESG risk — due to be reported in early 2025.
Tip
Streamline ESG disclosures with new reporting solutions
Accurate reporting is crucial for companies to achieve their ESG goals, bridging the gap between their current state and aspirations. ESG reporting tools allow organisations to streamline the reporting process by collaborating on ESG standards and frameworks, simplifying reporting on multiple levels.
Webinar
Exploring the ethics of AI
With the evolution of new technology including AI and ML tools in the financial services industry, advancement is happening much faster. This upcoming webinar explores the rapidly expanding role of AI in financial services, examines ethical questions, expected regulatory impacts, and AI use cases already powering better business.
Report
Metia Insight Studies
Download this Metia report to understand the concerns and motivations of your audiences and customers, and how to change behaviours and achieve the outcomes you need.