Driving Sustainable Solutions: The Intersection of RegTech, Climate Finance, AI, and Cloud

The month of May unveiled a diverse array of intriguing subjects ranging from the transformative realms of RegTech, Climate Finance, AI, and Cloud.

We judged our first event! and as a socially conscious company, we are proud to embark on our initial endeavors to contribute to the transformative landscape of climate finance and ESG (Environmental, Social, and Governance) initiatives.

Taking Regtech to New Heights:

FIO's Niraj Marfatia Adds Expertise to Panel at Regulation Asia Pitch Event

Niraj Marfatia from FIO recently had the honor of participating as a judge at the highly anticipated Regulation Asia Pitch Regtech event on May 25, 2023, held at Swissôtel The Stamford in Singapore.

The event featured a remarkable lineup of speakers, covering diverse topics such as ESG, Risk Reporting, and Digital Assets. Niraj's panel event focused on solutions related to Risk, Data, and Reporting, with innovative companies like Adenza, Cloudwall, Identitii, MCO (MyComplianceOffice), Synpulse, and Verint presenting their cutting-edge solutions. Alongside other esteemed judges from top financial institutions, Niraj Marfatia brought his expertise and insights to the event. This event served as a platform to showcase the latest advancements in the regtech space and foster collaboration among industry leaders.

Unveiling the Future: FIO Singapore Team Attends Climate Finance Accelerator 2023, Paving the Way for Sustainable Solutions

The FIO Singapore team, led by Niraj Marfatia and Abhay Bishnoi, recently had the privilege of attending the highly anticipated Climate Finance Accelerator 2023 Pitch & Demo Day. This event brought together a diverse group of participants and showcased groundbreaking solutions from innovative startups. The lineup of presenters included Asuzero, Carbon Baseline, Dagiz, Ecolytiq, Infrablocks, Medalist Consulting, Sustainable Lab, Turnkey, and Zuno Carbon. With esteemed figures such as Sherie Ng, Sopnendu Mohanty, and Anton Ruddenklau offering their support, the event was an undeniable success. The showcased solutions served as a powerful reminder of our collective responsibility to combat climate change.

Transforming Risk and Regulation: ANZ Bank's Journey with Google Cloud

ANZ Bank, Australia's second-largest bank, embarked on a digital transformation to establish a unified data platform for improved reporting and risk analysis. They migrated and consolidated 100 on-premise systems into 55 cloud-based systems, with Google Cloud as the central risk data hub. This approach addressed challenges faced by the bank's reporting systems and improved overall data capability.

The banking sector's shift toward digitization and increased regulatory demands strained legacy reporting systems, leading to fragmented processes and manual efforts. By leveraging Google Cloud, ANZ created a unified data platform using BigQuery for storing and querying large, granular datasets, resulting in improved performance, operational efficiency, and cost reduction. The system enables granular data processing and ensures accuracy while allowing employees to focus on higher-value activities. For more details, please read the full article here.

HSBC innovates in the Equity Index investing space with AI from AWS

HSBC has introduced the HSBC AI Global Tactical Index (HSBC AIGT), an equity index powered by artificial intelligence (AI) and developed in collaboration with Amazon Web Services (AWS). The index leverages AWS AI services to analyze and learn from data at a rapid pace, enabling it to adapt its investment approach to changing market conditions.

HSBC AIGT employs a rules-based strategy utilizing advanced AI and machine learning techniques to opportunistically invest across a global portfolio of assets. It dynamically adjusts allocations among equities, gold, and bonds to provide capital appreciation, inflation protection, and stable fixed income returns. The index is exclusively offered through Ibexis Life & Annuity Insurance Company's suite of fixed indexed annuities. For more information, refer to the full article here.