The Asian Banker’s Post

🚀 Post 7/7: 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝘂𝘀𝘁🚀 🌍 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 – 𝗧𝗵𝗲 𝗞𝗲𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 Banks are increasingly integrating 𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹, 𝗦𝗼𝗰𝗶𝗮𝗹, 𝗮𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 (𝗘𝗦𝗚) principles into their strategies, aligning with the growing expectations of customers and regulatory requirements. ESG is becoming a critical element for building trust and ensuring long-term profitability. ♻️ 𝗘𝗦𝗚 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗹𝗲𝘅𝗶𝘁𝘆 The rising complexity of ESG reporting, driven by the increasing volume and detail of data, requires banks to implement advanced technological solutions. Institutions that effectively communicate their sustainability efforts gain greater trust from their customers. 📊 𝗖𝗼𝗻𝘁𝗲𝘅𝘁𝘂𝗮𝗹 𝗗𝗮𝘁𝗮 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 Collecting and aggregating ESG-related data is crucial for businesses to respond effectively to environmental and social challenges. This approach allows banks to foster stronger loyalty and transparency with their customers. 📊 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗶𝗻 𝗘𝗦𝗚 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 According to the alrajhi bank 2023 Report, 45% of customers place greater trust in financial institutions that transparently communicate their ESG initiatives. This demonstrates that transparency and accountability in ESG management are essential for building long-lasting relationships with clients. 🛠 𝗜𝗧 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 The ESG Finance Market Outlook 2024-2029 projects that the 𝗘𝗦𝗚 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝘄𝗶𝗹𝗹 𝗴𝗿𝗼𝘄 𝗳𝗿𝗼𝗺 𝗨𝗦𝗗 𝟳.𝟬𝟮 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟰 𝘁𝗼 𝗨𝗦𝗗 𝟭𝟭.𝟯𝟯 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟮𝟵, with a compound annual growth rate of 10.04%. These significant investments in sustainable finance reflect the increasing focus on integrating technology and ESG. Banks are not only adapting their strategies but also investing in innovations to meet future challenges and evolving customer expectations. 💡𝗔𝗹𝘁𝗸𝗼𝗺 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲'𝘀 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲 At Altkom Software, we have extensive experience working with financial institutions. Our IT solutions support these organizations in implementing their sustainable development strategies, providing innovative approaches to data management and transparency. We help integrate technologies that enhance efficiency and ensure compliance with ESG requirements. 📩 𝗥𝗲𝗮𝗰𝗵 𝗢𝘂𝘁 𝘁𝗼 𝗨𝘀 If you're considering investing in the ESG space, we invite you to connect with us. Our solutions can help you achieve success in sustainable finance while building long-lasting trust with your customers. #SustainableFinance #ESGStrategy #DigitalTrust #BankingInnovation #TransparencyMatters #SustainableBanking #AltkomSoftware #ESGCompliance #ResponsibleFinance #Fintech #GreenBanking #OpenBanking

Faisal Mohammed ALShimmari, Head of ESG & Corporate Strategy at Mashreq, participated in an insightful panel discussion on the topic “Riding the Wave Of Sustainability” at #SeamlessME2024. The conversation highlighted the proactive approach of financial institutions in embracing sustainability and the transformative influence of emerging technologies in enhancing transparency within sustainability practices in banking. Looking ahead, there are promising prospects for further collaboration among traditional banking institutions and the fintech space, fostering innovation in advancing the financial sector's ESG efforts. Let's stay committed to sustainability and responsible banking practices as we work together to shape a greener future. #Mashreq #SustainabilityInFinance #FintechRevolution

Faisal Mohammed ALShimmari, Head of ESG & Corporate Strategy at Mashreq, participated in an insightful panel discussion on the topic “Riding the Wave Of Sustainability” at #SeamlessME2024. The conversation highlighted the proactive approach of financial institutions in embracing sustainability and the transformative influence of emerging technologies in enhancing transparency within sustainability practices in banking. Looking ahead, there are promising prospects for further collaboration among traditional banking institutions and the fintech space, fostering innovation in advancing the financial sector's ESG efforts. Let's stay committed to sustainability and responsible banking practices as we work together to shape a greener future. #Mashreq #SustainabilityInFinance #FintechRevolution

Faisal Mohammed ALShimmari, Head of ESG & Corporate Strategy at Mashreq, participated in an insightful panel discussion on the topic “Riding the Wave Of Sustainability” at #SeamlessME2024. The conversation highlighted the proactive approach of financial institutions in embracing sustainability and the transformative influence of emerging technologies in enhancing transparency within sustainability practices in banking. Looking ahead, there are promising prospects for further collaboration among traditional banking institutions and the fintech space, fostering innovation in advancing the financial sector's ESG efforts. Let's stay committed to sustainability and responsible banking practices as we work together to shape a greener future. #Mashreq #SustainabilityInFinance #FintechRevolution

Faisal Mohammed ALShimmari, Head of ESG & Corporate Strategy at Mashreq, participated in an insightful panel discussion on the topic “Riding the Wave Of Sustainability” at Seamless Middle East 2024. The conversation highlighted the proactive approach of financial institutions in embracing sustainability and the transformative influence of emerging technologies in enhancing transparency within sustainability practices in banking. Looking ahead, there are promising prospects for further collaboration among traditional banking institutions and the fintech space, fostering innovation in advancing the financial sector's ESG efforts. Let's stay committed to sustainability and responsible banking practices as we work together to shape a greener future. #Mashreq #SustainabilityInFinance #FintechRevolution

DBS Bank's next focus area: nature When in Singapore recently I met with Helge Muenkel, CFA, chief sustainability officer, who explained that the banking giant is already taking steps to address its nature risk and find available opportunities. This includes a major year-long modelling exercise with a UK institution to identify sector-specific risk within its portfolio, and find ways to effectively track and measure these risks. Data is a big challenge however, and so nature is an area that it is looking to get more information from its portfolio companies on. It recently started including nature-related questions in its ESG risk questionnaire. However, Muenkel said it has to be reticent of the fact that "there are huge challenges" in addressing nature. "It's a journey and we all need to be mindful that it's fairly complicated, it will be an engagement process with customers". Read the full story here: https://lnkd.in/eECbXVty

Thrilled to be part of a team that's helping 700 cooperative banks (Volks- und Raiffeisenbanken) enhance their sustainability reporting and promote transparency in the financial sector. By providing access to our platform, these banks can simplify complex ESG requirements, reduce costs, and lower compliance risks. But the added value extends beyond just banks: As ESG factors become key in credit decisions and risk assessment, businesses will increasingly need to provide reliable sustainability data. By fostering stronger ESG reporting practices, cooperative banks can help their industry customers align with these requirements and strengthen sustainability efforts across all sectors. 💪 #ESG #Sustainability #AtlasMetrics #Compliance

“BANKING BEYOND THE BANK: FINANCIAL ALTERNATIVES TO SUPPORT THE GROWTH OF ENTERPRISES” is the new online event of the Intesa Sanpaolo’s “Networking Talks” series, entirely dedicated to Private Equity, M&A, and other financial solutions to support the growth of small and medium-sized enterprises (SMEs). Discover the opportunities and challenges of innovative financial strategies to promote business growth at every stage. With an informative and straightforward approach, the topic will be explored by experts, academics, and market participants, representing different perspectives to facilitate understanding and decision-making. From implementing ESG-compliant policies and expanding internationally, to embracing digital transformation and navigating generational transitions, each phase in development requires bespoke tools that only a leading financial partner can provide. To join the online event on October 2nd at 2:00 p.m. (CET), register now: https://ow.ly/h6PU30sGLpB #intesasanpaolo #isbd #webinar #networkingtalks #privateequity #m&a #esg #digital #sme

🎉 Atlas Metrics becomes DG Nexolution’s software partner to streamline ESG compliance for the German Cooperative Financial Group (Volks- und Raiffeisenbanken) 🏦 With ESG factors increasingly influencing banking regulations, DG Nexolution has chosen Atlas Metrics as its technology partner to support the Cooperative Financial Group with ESG reporting and sustainability performance. Through this partnership, 700 cooperative banks will have the opportunity to access the platform. “DG Nexolution's expertise combined with our software creates a solution that helps banks to manage complex ESG reporting requirements more easily. With the technology and industry expertise, cooperative banks can operationalize their reporting, reduce costs, and minimize compliance risks. This represents a significant step towards facilitating sustainability reporting and transparency in the German banking sector,” says Wladimir Nikoluk, founder and CEO at Atlas Metrics. 🔗 Learn more about our collaboration here: https://lnkd.in/e_JgJzvV #DGNexolution #AtlasMetrics #partnership #ESG

The World Bank, IFC - International Finance Corporation, Sustainable Banking and Finance Network (SBFN),”Global Progress Brief 2024” Key Messages: Enhancing the integration and harmonization of sustainable finance frameworks, with a strategic and holistic approach. Deepening the implementation of frameworks with technical guidance and capacity building. Expanding frameworks to better align with social, inclusion, and accessibility goals. Strengthening monitoring, reporting and disclosure requirements to systematically track financial institutions’ behavior change and measure impact. ——— #dataaccess #datainteroperability #FMI #globalsupplychain #sustainablefinance #crossboarderpayments #securefinancing #fraudprevention #tradefinance #openbanking #fintechdataplatform #tradematters #sustainability #digitaltrade #globaltrade #FinancialMarketInfrastructure #technology #LEI #digitalidentity #C4DTI #paperless #digitalidentities   #innovation  #digitalisation #paperlesstrade #digitaltransformation   #digitaltradechampion #digitaltradeevangelist #openfinance #internationaltrade #digital #crossbordertrade #smartdata #cbdc #regtech #suptech #payments #innovation #banks #digitalrevenueimpact #risk #regulations #digital #m2mi #cybersecurity #risk #banking #embeddedfinance #openbanking #sustainablefinance #iot #money #bankofengland #digitaleconomy #fintech #multicurrency #privacy #artificialintelligence