Fashion
AI-driven fintech GreenArc Capital and BNP Paribas have been awarded a proof of concept grant by the Monetary Authority of Singapore’s Financial Sector Development Fund.
The partners will collaborate on impact measurement and audit project, which will be led by Rony J Palathinkal, COO of GreenArc Capital, according to an announcement.
The POC is an extension of their previous work to develop the GreenArc platform – an impact investment solution with an embedded impact measurement module that connects investors with impact opportunities focused on financial inclusion and climate action.
GreenArc uses advanced machine learning techniques to provide assurance of the stated impact objectives of financial products, as well as facilitate investor capital towards true sustainable investments to avoid impact washing. It has been deployed successfully by financial institutions to measure their debt portfolio’s impact.
We aim to bring transparency to investors and liquidity to select last-mile lenders and microfinance lenders, Joris Dierckx, BNP Paribas regional head of Southeast Asia and CEO, Singapore, said, noting the growing interest among institutional and retail investors to have a positive impact climate change and economic inequality.
