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Will ESG Investing Decline in 2025? Insights on the Future of Sustainable Finance
ESG investing has gained traction but is facing a shift as governments reassess their ESG initiatives. Experts predict that only a few countries will lead in ESG by 2025, with the U.S. experiencing challenges due to political resistance, while the EU upholds strong ESG principles. In Asia, progress varies across regions. Recent changes in U.S. government leadership have led major banks to withdraw from ESG alliances, reflecting anti-ESG sentiments. Investor interest is declining due to transparency issues and regulatory pressures. To revitalize ESG investing, industry leaders advocate for innovation, transparency, and simplified compliance to restore confidence and focus on sustainability.
FinTech Firms Thrive Amidst ESG Challenges as Major Players Step Back from Sustainability Pledges
High-profile corporations like Microsoft, Unilever, BP, and Walmart are withdrawing from environmental, social, and governance (ESG) commitments, raising concerns in the FinTech industry about transparency and sustainable investment. This retreat, driven by regulatory uncertainties, could impact financial risk management and reputations, according to Dugald Higgins of Zenith Investment Partners. Global regulatory changes, including the SEC halting climate disclosure enforcement and diluted EU reporting requirements, contribute to this trend. Despite the pullback, demand for reliable ESG data remains strong, and Higgins believes ESG reporting will evolve, emphasizing that companies integrating ESG into core strategies will be better positioned for future challenges.
Unlocking Wealth Management Success: The Power of Data Ownership
Data ownership is becoming essential in wealth management, enabling both wealth managers and retail investors to control their financial information effectively. Fredrik Davéus, CEO of Kidbrooke, emphasizes that the power of data lies in its application, urging investors to utilize it for improved decision-making. Wealth management firms are adopting unified data systems to avoid fragmentation and enhance data quality. Katy Gibson from Morningstar Wealth highlights the benefits of firm-owned data, including portability and scalability. Retail investors also gain from data ownership, with initiatives like a universal investor profile ID card improving efficiency. Overall, embracing data ownership enhances decision-making and personalized investment experiences.
Mastercard Unveils Accelerator Program to Empower U.S. Middle-Market Businesses
Mastercard has launched the Mastercard Mid-Market Accelerator, a solution suite designed to enhance services for middle-market businesses in the U.S., with plans for global expansion. This initiative addresses the needs of companies with revenues between $10 million and $100 million, which often lack comprehensive financial visibility. The Accelerator features customizable digital payment solutions, including a new business card, cash flow management tools powered by Trovata, and expense management via Navan. Key partnerships with industry leaders aim to provide tailored solutions that support growth. Mastercard emphasizes its commitment to empowering commerce across all business sizes.
Revolutionizing Enterprise Risk Management: Moody’s Launches Innovative Maxsight Platform
Moody’s has launched Maxsight, an innovative risk management solution designed to help businesses navigate the complexities of third-party relationships, supply chains, and compliance amid growing global risks like financial crime and geopolitical instability. Maxsight enhances data quality and integration, featuring role-based user experiences, automated workflows, and executive-level reporting. It streamlines risk management while enabling organizations to identify new opportunities. Moody’s executives highlight Maxsight as a game-changer, providing essential insights for businesses to mitigate risks and make informed decisions. Overall, Maxsight empowers organizations to achieve strategic objectives in today’s complex risk landscape.
Nexi Revolutionizes Contactless Payments: Introducing Tap to Pay on iPhone in Switzerland and Finland!
Nexi, a leading European PayTech company, has expanded its Tap to Pay on iPhone functionality to merchants in Switzerland and Finland, following successful launches in Italy, Germany, Austria, and Sweden. This upgrade simplifies in-person contactless payments by eliminating the need for hardware or payment terminals, benefiting small businesses. The feature allows acceptance of various payment methods, including credit cards and digital wallets, and is integrated into the Nexi SoftPOS within the MyPayments app. Nexi plans further expansion across Europe to enhance digital payment accessibility, with executives emphasizing the improved shopping experience for consumers and revenue opportunities for merchants.