Copenhagen Fintech Companions with United Nations Growth Fund to Launch Operations in Singapore to Tackle Local weather Change, Alleviate Poverty

Copenhagen Fintech, a Denmark primarily based group supporting monetary know-how, is teaming up with the United Nations Growth Program (UNDP) and a number of other different organizations as a way to assist Nordic Fintechs with launching operations in Singapore.

The initiative is aimed toward aiding Nordic Fintechs with establishing commercially scalable and sustainable tasks in Southeast Asian markets.

Native corporations addressing key challenges akin to local weather and poverty alleviation will reportedly participate within the UNDP-backed applications. The initiative will search to ascertain stronger ties between the ASEAN member nations and international locations within the Nordic area, in accordance with Copenhagen Fintech.

Different program contributors embody UNDP’s World Middle for Know-how, Innovation and Sustainable Growth in Singapore, UNDP’s Nordic Workplace, and UNDP SDG Progressive Finance (UNSIF) in Bangkok. DBS Financial institution and Citi have additionally reportedly signed up as key companions of the mission.

Rudi Baxter Warman, Citi nation head in Denmark, remarked:

“As a world associate to Copenhagen Fintech, we’re excited to contribute to a different industry-leading mission specializing in sustainable innovation, which aligns to Citi’s just lately introduced 2025 Sustainable Progress Technique. The success of this system can be instrumental within the growth of SDGs, an space the place Citi has sturdy dedication globally, and additional enhance the collaboration between the Nordic and ASEAN ecosystems.”

Mikkel Larsen, chief sustainability officer at DBS, acknowledged:

“We look ahead to extending our experience and regional insights to the taking part Nordic Fintechs and plugging them into our innovation and sustainability ecosystem.”

This system will choose round six Nordic Fintech corporations primarily based in Singapore for a 7-day keep. They’ll be chosen primarily based on challenges offered by the UNDP, Copenhagen Fintech and a number of other different program companions. Purposes can be accepted starting on September 1, 2020.

Different European Fintech-focused organizations are additionally contemplating working with Asian companies. Indonesia’s quickly increasing Fintech sector might create new alternatives for Switzerland primarily based companies, in accordance with a brand new report.