Green Financing Solutions Within FinTech

Green financing solutions within FinTech’s is an area that we are going to see a lot of growth. With talk globally that the world’s journey to low-carbon growing, it now seems FinTech firms are taking action.

So, what is green financing?

Financing of investment that integrate environmental, social and governance into investment decisions. As a result, encouraging a more sustainable economy. Although these changes have been looked at previously, a new urgency has emerged. Realisation that the potential of green finance solutions or green fintech can change lives.

Let’s take a look at two UK FinTech’s that are leading the way in green financing.

CarbonChain offers carbon accounting products that create openings for industries to access green financing. They quantify the carbon footprints of companies’ trade finance portfolio to identify the transactions that pose the most risk in terms of rising carbon prices. In addition, they also offer carbon risk exposure assessments for clients.

ReGal 38i83 provides green financial services and financial compliance solutions. Through the Green Blockchain, they allow clients to invest in initiatives with a focus on sustainability. They use 0113 BANK as their virtual sustainable banking platform.

There is no doubt that this is going to be a focus area for years to come until visible improvements are made. Along with the challenges we will also see opportunities. At the UN Climate Action Summit, Mark Carney, Governor of the Bank of England stated:

“Financial markets increasingly recognise that sustainable investment is the new horizon that can bring enormous opportunities.”

Watch this space.

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