The German bank is setting up an ESG centre of excellence
The centre will focus on execution of ESG transactions, new product development, and advisory services.
The Singapore centre will consider how ESG and fintech can develop new products addressing gaps in the market, including impact monitoring, data management and payments to un-banked communities.
It also will focus on sharing of global best practices with Asian regulators and regional bodies.
What does this mean?
As ESG becomes a mainstream framework for evaluating business performance and resilience, FinTech is set to play an increasingly important role in ensuring trust and transparency in relevant data and processes.