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CFOs Go Green: Investing in Sustainability for Future Profit Growth
The Kearney report, “Staying the Course: Chief Financial Officers and the Green Transition,” reveals a significant shift in CFOs’ investment strategies towards sustainability. Surveying 500 CFOs from the UK, US, UAE, and India, it found that 69% expect higher returns from sustainable initiatives, with 92% planning to boost sustainability investments in 2024. While 61% still view sustainability through a cost lens, 65% recognize the costs of inaction related to climate risks. CFOs are increasingly incorporating sustainability into employee retirement funds and broader investment strategies, highlighting their crucial role in corporate ESG efforts amid rising regulatory demands.
Boost ESG Investment Analysis: GIST Impact Leverages Global Canopy Datasets for Enhanced Insights
GIST Impact has partnered with Global Canopy to enhance how financial institutions assess deforestation risks in their decision-making processes. This collaboration merges Global Canopy’s datasets—Forest IQ and Forest 500—with GIST Impact’s analytics platform, allowing investors and banks to evaluate their exposure to deforestation and its financial implications. The integration aims to standardize deforestation risk analysis across the financial sector and promote better environmental, social, and governance (ESG) outcomes. GIST Impact plans to expand the Forest IQ dataset and support Global Canopy in broadening its reach, ultimately fostering greater accountability for environmental impacts in business operations.
Mastercard Launches TRACE in the Philippines: Revolutionizing Real-Time Payments to Combat Money Laundering
Mastercard has launched its AI-driven financial crime detection solution, TRACE, in the Philippines, enhancing the security of real-time payment (RTP) networks. In collaboration with BancNet, TRACE becomes the second implementation globally, following the UK. As demand for RTP transactions grows, the system combats money laundering and fraud by analyzing transactions across the payments network. TRACE provides real-time alerts to banks and integrates with 36 domestic banks, aligning with the Philippines’ new Anti-Financial Account Scamming Act. This initiative reflects Mastercard’s commitment to safeguarding digital payments and combating evolving financial crime tactics in the Asia Pacific region.
Transforming European Banking Digitalisation: Tietoevry and Version 1 Unite for a New Era
Tietoevry Banking has partnered with Version 1 to enhance the digitalisation of the banking sector in Europe. This strategic alliance combines Tietoevry’s Software as a Service (SaaS) solutions with Version 1’s expertise in banking system modernisation. The partnership aims to equip financial institutions with essential tools to adapt to changing market demands and customer expectations. Key benefits include enhanced digital services, modular SaaS solutions for improved customer personalisation, and advanced AI compliance and risk management capabilities. Targeting growth in the UK, Ireland, and Spain, the collaboration emphasizes innovation and aims to create modern, customer-centric banking experiences.
PXP Unveils Standalone POS Payment Solution to Elevate Merchant Flexibility and Efficiency
PXP, a global omnichannel payment platform, has launched its PXP POS payment solution, enhancing transaction efficiency for businesses. This standalone solution responds to market trends, with 64% of merchants recognizing payment systems as vital for growth. Key features include rapid setup, support for various payment methods, robust security, and high reliability. The application offers personalization options like receipt customization and branding. PXP aims to evolve its services based on user feedback. CEO Kamran Hedjri emphasizes the solution’s ease of implementation and omnichannel readiness, supporting businesses in delivering exceptional customer experiences while focusing on growth.
Smarsh Revolutionizes Compliance with AI Assistant for Enhanced Professional Archiving
Smarsh has launched the Smarsh AI Assistant for Professional Archive, an innovative tool aimed at enhancing compliance processes for financial firms, particularly small and mid-sized companies. This AI-driven solution streamlines compliance workflows by automating reviews, significantly reducing review times from over 12 hours to just minutes. Key features include rapid risk assessment, a scenario catalog for archived messages, and enhanced audio intelligence supporting over 90 languages. Scheduled for limited release in March 2025, the AI Assistant targets sectors like wealth management and insurance, aiming to democratize access to advanced compliance solutions, according to Smarsh’s President, Sheldon Cummings.
CFOs Go Green: Investing in Sustainability for Future Profit Growth
The Kearney report, “Staying the Course: Chief Financial Officers and the Green Transition,” reveals a significant shift in CFOs’ investment strategies towards sustainability. Surveying 500 CFOs from the UK, US, UAE, and India, it found that 69% expect higher returns from sustainable initiatives, with 92% planning to boost sustainability investments in 2024. While 61% still view sustainability through a cost lens, 65% recognize the costs of inaction related to climate risks. CFOs are increasingly incorporating sustainability into employee retirement funds and broader investment strategies, highlighting their crucial role in corporate ESG efforts amid rising regulatory demands.
Boost ESG Investment Analysis: GIST Impact Leverages Global Canopy Datasets for Enhanced Insights
GIST Impact has partnered with Global Canopy to enhance how financial institutions assess deforestation risks in their decision-making processes. This collaboration merges Global Canopy’s datasets—Forest IQ and Forest 500—with GIST Impact’s analytics platform, allowing investors and banks to evaluate their exposure to deforestation and its financial implications. The integration aims to standardize deforestation risk analysis across the financial sector and promote better environmental, social, and governance (ESG) outcomes. GIST Impact plans to expand the Forest IQ dataset and support Global Canopy in broadening its reach, ultimately fostering greater accountability for environmental impacts in business operations.
Mastercard Launches TRACE in the Philippines: Revolutionizing Real-Time Payments to Combat Money Laundering
Mastercard has launched its AI-driven financial crime detection solution, TRACE, in the Philippines, enhancing the security of real-time payment (RTP) networks. In collaboration with BancNet, TRACE becomes the second implementation globally, following the UK. As demand for RTP transactions grows, the system combats money laundering and fraud by analyzing transactions across the payments network. TRACE provides real-time alerts to banks and integrates with 36 domestic banks, aligning with the Philippines’ new Anti-Financial Account Scamming Act. This initiative reflects Mastercard’s commitment to safeguarding digital payments and combating evolving financial crime tactics in the Asia Pacific region.
Transforming European Banking Digitalisation: Tietoevry and Version 1 Unite for a New Era
Tietoevry Banking has partnered with Version 1 to enhance the digitalisation of the banking sector in Europe. This strategic alliance combines Tietoevry’s Software as a Service (SaaS) solutions with Version 1’s expertise in banking system modernisation. The partnership aims to equip financial institutions with essential tools to adapt to changing market demands and customer expectations. Key benefits include enhanced digital services, modular SaaS solutions for improved customer personalisation, and advanced AI compliance and risk management capabilities. Targeting growth in the UK, Ireland, and Spain, the collaboration emphasizes innovation and aims to create modern, customer-centric banking experiences.
PXP Unveils Standalone POS Payment Solution to Elevate Merchant Flexibility and Efficiency
PXP, a global omnichannel payment platform, has launched its PXP POS payment solution, enhancing transaction efficiency for businesses. This standalone solution responds to market trends, with 64% of merchants recognizing payment systems as vital for growth. Key features include rapid setup, support for various payment methods, robust security, and high reliability. The application offers personalization options like receipt customization and branding. PXP aims to evolve its services based on user feedback. CEO Kamran Hedjri emphasizes the solution’s ease of implementation and omnichannel readiness, supporting businesses in delivering exceptional customer experiences while focusing on growth.
Smarsh Revolutionizes Compliance with AI Assistant for Enhanced Professional Archiving
Smarsh has launched the Smarsh AI Assistant for Professional Archive, an innovative tool aimed at enhancing compliance processes for financial firms, particularly small and mid-sized companies. This AI-driven solution streamlines compliance workflows by automating reviews, significantly reducing review times from over 12 hours to just minutes. Key features include rapid risk assessment, a scenario catalog for archived messages, and enhanced audio intelligence supporting over 90 languages. Scheduled for limited release in March 2025, the AI Assistant targets sectors like wealth management and insurance, aiming to democratize access to advanced compliance solutions, according to Smarsh’s President, Sheldon Cummings.
CFOs Go Green: Investing in Sustainability for Future Profit Growth
The Kearney report, “Staying the Course: Chief Financial Officers and the Green Transition,” reveals a significant shift in CFOs’ investment strategies towards sustainability. Surveying 500 CFOs from the UK, US, UAE, and India, it found that 69% expect higher returns from sustainable initiatives, with 92% planning to boost sustainability investments in 2024. While 61% still view sustainability through a cost lens, 65% recognize the costs of inaction related to climate risks. CFOs are increasingly incorporating sustainability into employee retirement funds and broader investment strategies, highlighting their crucial role in corporate ESG efforts amid rising regulatory demands.
Boost ESG Investment Analysis: GIST Impact Leverages Global Canopy Datasets for Enhanced Insights
GIST Impact has partnered with Global Canopy to enhance how financial institutions assess deforestation risks in their decision-making processes. This collaboration merges Global Canopy’s datasets—Forest IQ and Forest 500—with GIST Impact’s analytics platform, allowing investors and banks to evaluate their exposure to deforestation and its financial implications. The integration aims to standardize deforestation risk analysis across the financial sector and promote better environmental, social, and governance (ESG) outcomes. GIST Impact plans to expand the Forest IQ dataset and support Global Canopy in broadening its reach, ultimately fostering greater accountability for environmental impacts in business operations.