Copenhagen Fintech, UNDP search to assist companies set up sustainable ventures in Southeast Asia
Copenhagen Fintech, a Danish group selling monetary know-how, is collaborating with the United Nations Growth Programme (UNDP) and different establishments to deliver Nordic fintech startups to Singapore to assist them set up commercially scalable and sustainable ventures within the Southeast Asian area.
Native startups tackling a number of the world’s most pressing local weather and poverty challenges will likely be concerned within the programme to foster new partnerships and stronger ties between the ASEAN and the Nordics, Copenhagen Fintech stated in an announcement.
Additionally collaborating within the programme are UNDP’s International Heart for Know-how, Innovation and Sustainable Growth in Singapore, UNDP’s Nordic Workplace, and UNDP SDG Progressive Finance (UNSIF) in Bangkok. Signing up as companions of the programme are monetary providers teams Citi and DBS.
“As a global partner to Copenhagen Fintech, we’re excited to contribute to another industry-leading project focusing on sustainable innovation, which aligns to Citi’s recently announced 2025 Sustainable Progress Strategy. The success of the programme will be instrumental in the development of SDGs, an area where Citi has strong commitment globally, and further boost the collaboration between the Nordic and ASEAN ecosystems,” says Rudi Baxter Warman, Citi nation head in Denmark.
DBS chief sustainability officer Mikkel Larsen notes: “We look forward to extending our expertise and regional insights to the participating Nordic fintechs and plugging them into our innovation and sustainability ecosystem.”
Singapore is well known as one of many world’s main fintech hubs and an amazing supporter of the worldwide fintech group. It hosts the annual Fintech Competition, the most important gathering of fintech startups, monetary establishments, academia, buyers and thought leaders.
The programme will deliver as much as six fastidiously chosen Nordic fintech firms to Singapore for a weeklong keep. They are going to be chosen based mostly on challenges formulated by UNDP, Copenhagen Fintech and different companions. Purposes open on September 1.
In response to a simply launched UN report, the fintech revolution presents main alternatives to speed up financing of the UN’s sustainable growth objectives (SDGs) with extra and higher knowledge, decreased transaction and intermediation prices, and revolutionary enterprise models.
Within the report, titled “People’s Money: Harnessing Digitalization to Finance a Sustainable Future,” the UN secretary normal’s process drive on digital financing of SDG presents an motion agenda, which outlines key alternatives, steps to evolve sustainable fintech ecosystems, and needed digital finance governance improvements.
Says Bradley Busetto, director of the UNDP International Centre for Know-how, Innovation and Sustainability: “By way of its Affect Enterprise Accelerators, UNDP is proud to help each established and startup enterprises to scale up revolutionary know-how and business-based options to drive sustainable growth and reply to Covid-19.
“In this new partnership with Copenhagen Fintech, UNDP will help amplify the sustainability focus of the selected ventures and apply its proven impact measurement and management methodology. This reflects a global vision – that in order to achieve the SDGs we must work closely with the most innovative and creative entrepreneurs around the world to incorporate sustainability into the core of business.”