COP28 in the UAE: Dubai’s new fintech platform to transform environmental, social and corporate governance – News
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Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Sheikh Al Mualla bin Ahmed Al Mualla were among several industry leaders who attended the launch.
Ahead of COP28, fintech platform Fils launched in Dubai on Monday to help global businesses turn intention into action by integrating sustainable values into the core of digital payments.
The local platform will pave the way for trust and security in carbon markets, bringing together buyers with capital and suppliers with high-integrity carbon credits, at the pace and scale needed to rebalance the planet, said Nameer Khan, founder of Fils and president of the Mena Fintech Association (MFTA).
Designed as a holistic enterprise-grade B2B2C product offering, Fils leverages the power of leading technologies in its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. This makes it easier for companies to act on core environmental, social and corporate governance (ESG) values, Khan said, adding that major partnerships with some of the industry’s leading names will be announced soon.
During the launch, Khan said Fils is set to transform the world of ESG, through an API-based digital payment infrastructure that makes sustainability a lifestyle and can be easily integrated into platforms across sectors.
“Fils is a catalyst for the evolution of ESG enforcement and has the right team, technology, experience and expertise to lead the market. With our strong infrastructure, it spells the end of greenwashing and clears the way for greater accountability and the implementation of actionable outcomes that can improve the sustainability of the world we live in.”
He said Fils aims to address the challenges of ESG implementation head-on, making it easier for companies to play a vital role in driving a more sustainable future, one that is not only climate neutral but also supports the most vulnerable in society: the financially excluded and those most affected by global disasters.
Companies across all sectors are increasingly seeking to align their ambitions with ESG principles and seek opportunities that deliver social benefits and long-term business growth.
By adopting a technology-first approach to sustainable action, Fils has created a revolutionary digital ecosystem that connects payments infrastructure, organizations, impact creators and consumers. It is a best-in-class financial technology that enables organizations to increase the scalability of their sustainability practices and provides projects across 17 United Nations Sustainable Development Goals (SDGs) with the ability to receive digital payments faster, more easier, safer and with greater transparency, Khan said.
Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Sheikh Al Mualla bin Ahmed Al Mualla were among several industry leaders who attended the launch.
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