Latest news with #sustainableFinance
Yahoo
5 days ago
- Business
- Yahoo
FinTechSpace Supports Five Innovative Startups to MyFintech Week 2025
Focusing on Southeast Asian application scenarios and explored new avenues for Taiwan–Southeast Asia Collaboration TAIPEI, Aug. 15, 2025 /PRNewswire/ -- FinTechSpace—Taiwan's first one-stop fintech innovation and acceleration platform established by the Taiwan Financial Services Roundtable under the guidance of the Financial Supervisory Commission—supports five of its startups to participate in MyFintech Week 2025 this August in Kuala Lumpur, Malaysia. Hosted by Bank Negara Malaysia, MyFintech Week is one of Southeast Asia's most influential fintech events, spotlighting key themes including payment innovation, financial inclusion, sustainable finance, and RegTech. The platform served as a vital gateway for startups seeking global exposure and partnerships. Through forum participation, on-site visits, and ecosystem networking, the Taiwan delegation gained deeper insights into Malaysia's fintech trends and explored potential partnerships, opening new doors for Taiwanese innovation in the Southeast Asian market. Taiwan's Diverse FinTech Capabilities The delegation represented a broad range of capabilities — from RegTech, data integration to enterprise solutions — with mature, market-ready products and strong global potential: TOPPAN Security – Specializes in mobile identity verification and FIDO passwordless authentication. In 2024, with support from FinTechSpace, the company successfully deployed its TOPPAN Security facial recognition eKYC solutions in Malaysia's AEON Bank and Hong Leong Assurance, marking a significant milestone in Southeast Asian market adoption and demonstrating strong institutional trust. On-us – Utilizes AI-powered marketing tools for financial institutions, integrating digital vouchers and modular analytics to deliver data-driven, precision marketing solutions. LM Technology – Offers high-speed financial computing technology, including high-performance overclocked servers and FPGA-based high-frequency trading modules; AI-powered image recognition and RPA automation for tax and financial reporting; and AIoT integrated chips, ASIC, and IP design services. The company has already established partnerships with local Malaysian firms, actively expanding its footprint in the regional market. HiTRUST – Provides multi-layer digital identity authentication and fraud prevention solutions, including EMV 3-D Secure services, Veri-id Device Intelligence and AI Fraud Detection, and passwordless identity platform VeriFIDO, meeting international security standards. DotDot – Delivers integrated solutions for digital payments and smart dining technology, combining membership systems and cross-border payment services to enhance global fintech applications. The five teams also visited key partners in Malaysia's fintech ecosystem, exploring market trends and opportunities for collaboration. Deepening Taiwan – Malaysia FinTech Ties Malaysia, with strong government support for its digital economy, has become a prime market for Taiwanese fintech expansion. In July 2024, FinTechSpace led nine startups to Malaysia, signing an MoU with the Fintech Association of Malaysia (FAOM) and co-hosting "Taiwan Fintech Day" with Malaysia Digital Economy Corporation (MDEC), significantly boosting Taiwan's visibility and market connections. Global Expansion Beyond Malaysia In addition to MyFintech Week, FinTechSpace supports delegations to Japan and the Singapore Fintech Festival later this year, reinforcing its role as a cross-border cooperation platform to help Taiwan's fintech innovators making their mark on the global stage. About FinTechSpace Established in 2018, FinTechSpace is Taiwan's first one-stop fintech innovation accelerator. It is guided by the Financial Supervisory Commission (FSC), planned by the Taiwan Financial Services Roundtable (TFSR), and operated by the Institute for Information Industry (III). FinTechSpace is dedicated to creating a co-creation environment for fintech development by integrating spatial facilities, mentoring services, and open APIs to promote a collaborative fintech ecosystem. For more information, please visit the FinTechSpace website: View original content to download multimedia: SOURCE FinTechSpace
Reuters
25-06-2025
- Business
- Reuters
UK's Miliband vows to lead in clean energy, demand corporate net zero strategies
LONDON, June 24 (Reuters) - Cutting emissions and investing in the green economy put Britain on the right path, energy secretary Ed Miliband said on Wednesday, as he pledged to push large companies to detail exactly how they plan to align their businesses with the shift. The government is under pressure from opposition parties over the perceived costs of the shift to net zero emissions at a time when energy costs remain high following Europe's shift away from Russian energy imports over Moscow's 2022 Ukraine invasion. Speaking to a gathering of climate investors, scientists and civil society groups at London Climate Action Week, however, Miliband reiterated its commitment to decarbonising the economy and stimulating green business growth. "Our mission is to make Britain a clean energy superpower by accelerating to net zero across the economy," he told the flagship conference at the climate festival, which brings together over 45,000 delegates, attending more than 700 side events. Central to the plan will be requirements for large companies to set out detailed plans for how they will cut their carbon emissions to align with a target of limiting global warming to 1.5 degrees of over pre-industrial levels. The government is also seeking to position London as a global sustainable finance hub. In a statement on Wednesday, it said it was weighing new sustainability reporting standards, which set out the information companies must provide to investors on sustainability-related financial risks and opportunities. Miliband said while increasingly severe weather events showed the urgency of the climate crisis, Russia's invasion of Ukraine and rising energy prices highlighted the need to deliver energy security from cheaper renewable sources. "Ours is ... a hard-headed determination to get off the roller coaster of fossil fuel markets with cheaper, clean, home-grown energy that we control," he said. Britain's plans to reach net zero by 2050 depend on its ability to slash energy prices to speed up the adoption of emission-curbing technology, such as electric vehicles and heat pumps, independent advisers to the government on climate change said on Wednesday. "By far the most important recommendation we have for the government is to reduce the cost of electricity both for households and businesses," Piers Forster, interim chair of the Committee on Climate Change, said at a briefing on its annual progress report. Miliband's comments on green growth followed the publication earlier in the week of Britain's new industrial strategy, which laid out plans to invest more than 30 billion pounds ($40.84 billion) a year by 2035 in areas such as renewable energy. New analysis overnight from the Energy Transitions Commission and consultants Systemiq found that 40% of the solutions needed to move the economy to net zero - for example twinning solar power and battery storage - were already more cost-effective than fossil fuels or would be by 2030. "We now need the right policies to enable other sectors of the economy to reach that tipping point, and to enable all countries to share in the economic opportunities created," said Energy Transitions Commission's chair Adair Turner. ($1 = 0.7346 pounds)
Yahoo
24-06-2025
- Business
- Yahoo
Wolters Kluwer Strengthens Compliance and Regulatory Reporting Agility for Triodos Bank UK
LONDON, June 24, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance has successfully implemented its OneSumX for Regulatory Reporting solution at Triodos Bank UK, a leader in sustainable finance. The go-live strengthens the bank's regulatory reporting capabilities and underscores its commitment to operational excellence and regulatory compliance in a fast-evolving regulatory environment. "Triodos Bank's focus on responsible finance aligns with our mission to help institutions lead with confidence," said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). "This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness." The Software-as-a-Service (SaaS) deployment covers liquidity reporting, COREP, FINREP, and UK-specific PRA 110 requirements. According to program participants, the project highlights a strong partnership between Wolters Kluwer and Triodos Bank, enabled by a shared focus on data quality, transparency, and execution. "We selected Wolters Kluwer because of their global presence and strong product offering," said Sarah Morse, CFO, Triodos Bank UK. "With OneSumX, we've strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements." In response to post-Brexit regulatory shifts in the U.K., Triodos Bank, drawing on more than 30 years of experience in ethical banking, says it sought a future-ready platform to strengthen data control and long-term adaptability. The decision to select Wolters Kluwer was made in light of its well-established product with strong functionality to strengthen its compliance posture A collaborative approach was central to the project's success. Triodos Bank's internal data experts worked closely with Wolters Kluwer's professional services team to streamline data ingestion and enhance reporting control. The system's transparency and drill-down features enabled greater ownership of the reporting process, improving accuracy and issue resolution speed. The Regulatory Update Service, a core feature of OneSumX, keeps the system aligned with ongoing regulatory changes. The solution's advanced data architecture also supports exposure analysis and scenario testing, capabilities that align with Triodos Bank's values-driven approach to risk. Founded in 1980, Triodos Bank is a pioneer in sustainable banking. It finances enterprises that generate positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, with global reach through Triodos Investment Management. "This was a textbook example of successful partnership," added Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR. "Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today's regulatory environment." Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. About Wolters KluwerWolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
24-06-2025
- Business
- Associated Press
Wolters Kluwer Strengthens Compliance and Regulatory Reporting Agility for Triodos Bank UK
LONDON--(BUSINESS WIRE)--Jun 24, 2025-- Wolters Kluwer Financial & Corporate Compliance has successfully implemented its OneSumX for Regulatory Reporting solution at Triodos Bank UK, a leader in sustainable finance. The go-live strengthens the bank's regulatory reporting capabilities and underscores its commitment to operational excellence and regulatory compliance in a fast-evolving regulatory environment. 'Triodos Bank's focus on responsible finance aligns with our mission to help institutions lead with confidence,' said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). 'This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness.' The Software-as-a-Service (SaaS) deployment covers liquidity reporting, COREP, FINREP, and UK-specific PRA 110 requirements. According to program participants, the project highlights a strong partnership between Wolters Kluwer and Triodos Bank, enabled by a shared focus on data quality, transparency, and execution. 'We selected Wolters Kluwer because of their global presence and strong product offering,' said Sarah Morse, CFO, Triodos Bank UK. 'With OneSumX, we've strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements.' In response to post-Brexit regulatory shifts in the U.K., Triodos Bank, drawing on more than 30 years of experience in ethical banking, says it sought a future-ready platform to strengthen data control and long-term adaptability. The decision to select Wolters Kluwer was made in light of its well-established product with strong functionality to strengthen its compliance posture A collaborative approach was central to the project's success. Triodos Bank's internal data experts worked closely with Wolters Kluwer's professional services team to streamline data ingestion and enhance reporting control. The system's transparency and drill-down features enabled greater ownership of the reporting process, improving accuracy and issue resolution speed. The Regulatory Update Service, a core feature of OneSumX, keeps the system aligned with ongoing regulatory changes. The solution's advanced data architecture also supports exposure analysis and scenario testing, capabilities that align with Triodos Bank's values-driven approach to risk. Founded in 1980, Triodos Bank is a pioneer in sustainable banking. It finances enterprises that generate positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, with global reach through Triodos Investment Management. 'This was a textbook example of successful partnership,' added Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR. 'Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today's regulatory environment.' Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on CONTACT: Media Contact David Feider Associate Director, External Communications Financial & Corporate Compliance Wolters Kluwer Office +1 612-246-9454 [email protected] KEYWORD: EUROPE IRELAND UNITED KINGDOM INDUSTRY KEYWORD: BANKING SOFTWARE MOBILE/WIRELESS NETWORKS PROFESSIONAL SERVICES BUSINESS FINTECH DATA MANAGEMENT TECHNOLOGY SECURITY OTHER PROFESSIONAL SERVICES FINANCE OTHER TECHNOLOGY SOURCE: Wolters Kluwer Copyright Business Wire 2025. PUB: 06/24/2025 04:05 AM/DISC: 06/24/2025 04:05 AM
South China Morning Post
19-05-2025
- Business
- South China Morning Post
Hong Kong offers vital linkages in aiding Qatar-China investment growth, bank says
Hong Kong can become a link for cross-border capital flows between Qatar and China, creating opportunities for investors in renewable energy and technology, digital currency and sustainable finance, according to a top executive at Standard Chartered. 'Mainland China has a market, Hong Kong has a big toolbox, and if you have a vision and want to invest, the three of us together should be a good match,' Mary Huen Wai-yi, the bank's CEO of Hong Kong, Greater China and North Asia, said in a briefing on Thursday, after returning from a government-led business promotion trip. As Qatar wants to diversify its economy by reducing its dependence on oil and gas, Huen said cross-border trades with China in new energy, financial services and technology were expected to increase. Investors could benefit from Hong Kong's deep capital market and connectivity with mainland China, she added. Hong Kong Chief Executive John Lee Ka-chiu led a business delegation to Qatar and Kuwait last week to deepen trade links with the Middle East amid a US-China tariff war. Huen was among 50 top executives and entrepreneurs from Hong Kong and mainland China on the trip. Middle East businesses were interested in China's power in artificial intelligence and other technology capabilities, Standard Chartered's Huen says. Photo: Jonathan Wong Qatar's GDP per capita of US$121,610 is among the largest in the economies in the region, thanks to its huge oil and gas reserves, according to the International Monetary Fund. Its wealth fund Qatar Investment Authority is the eighth largest globally with US$510 billion of assets, according to data compiled by Global SWF. China's capabilities in artificial intelligence and other technologies drew interest from Middle East investors, Huen said, citing discussions held during the trip. These include flying cars as Chinese carmakers jostle to build early advantage in the low-altitude mobility economy.
