How Singapore and China Are Transforming Green Finance.

What we’ll cover today:

🌱 A Bold Move in Green Investments.

💼 Seamus Smith: Mastering Money's Future.

💸 How to Remove $1 Trillion of Checks From the Economy

🔗 The Event Roundup.

A Bold Move in Green Investments.

Singapore and China are simplifying green investments across borders in a powerful new collaboration.

Here’s a quick look at what’s happening:

• Unified Green Standards: MAS and the PBC are aligning green finance standards to facilitate access to sustainable loans, bonds, and funds across borders.

• Expanded Bond Market Access: A new pilot program in Singapore will soon allow global investors to access China’s bond market.

• ETF Expansion: More green ETFs are coming, with new options being developed to boost sustainable investment portfolios.

• Big Bond Debut: UOB recently listed an RMB 5 billion Panda Bond on Singapore’s exchange, showing a solid international interest in green finance.

Minister Chee Hong Tat calls this a game-changer for financial cooperation between Singapore and China.

Here’s the whole article

1. The Fights Over Bank-Fintech Arrangements.

Everyone wants to prevent another Synapse, but there's not a lot of agreement about how to do that.

In this Fintech Takes newsletter, Alex Jhonson discussed the industry's responses to regulators' RFI on bank-fintech arrangements.

Here’s The Article

2. How to Remove $1 Trillion of Checks From the Economy

This article is by The Slant Podcast.

The article discusses the prevalence of check fraud and highlights that, due to outdated systems, approximately $1 trillion in payments are processed as checks. 

It advocates for financial institutions to modernise their systems to reduce reliance on checks and enhance security. 

“We all know today that check fraud is prevalent, and it’s happening every single day,” says Shai Stern, CEO of CheckAlt.

Here’s The Article.

1. Embedded investment platform Seccl hires Prerna Goel as new COO

Seccl Technology, an embedded investment platform headquartered in Bath, UK, has strengthened its leadership team by appointing ClearBank founding member Prerna Goel as its new chief operations officer (COO).

2. Big xyt secures €10m from Finch Capital to spearhead global FinTech expansion.

Big xyt, a leading provider of AI analytics for financial markets, announced that it had secured a significant €10m in funding.

European growth investment firm Finch Capital led the investment. It marked the first round of external funding for Big xyt after a decade of profitable, self-sustaining growth.

3. Are women business correspondents unlocking rural India’s $1.5tn FinTech boom?

With India’s FinTech sector growing at an annual rate of 20%, and digital payment transactions reaching $1.5 trillion in 2023, BCs—particularly women—are integral in fostering the adoption of these technologies in rural communities.