Impact Fintech GreenArc Capital joins Franklin Templeton Singapore Fintech Incubator

GreenArc has been brought on board under the incubator’s core theme of sustainability and will receive financial and business support from Franklin Templeton

SINGAPORE, SG, Nov. 29, 2022 /EINPresswire.com/ — GreenArc Capital, an impact investment and analytical FinTech, has been selected to join Franklin Templeton’s first APAC FinTech Incubator Program in Singapore.

In addition to investment from Franklin Templeton, the 2-year program will provide GreenArc with an invaluable platform to further develop and improve their impact management solution under the guidance of a global leader in asset management, together with their partner F10, the experienced incubation curriculum designers who have helped to curate and implement the program.

GreenArc’s impact solution addresses the industry’s shift to achieving a more sustainable future by helping financial institutions direct more investments to underserved segments of the population by measuring the social impact of their debt portfolios. GreenArc’s solution is unique in its offering, going one step beyond ESG risk mitigation by measuring, reporting and validating the positive and negative results of a firm’s investment in society through an AI-powered SaaS platform. Tailored for debt markets, GreenArc leverages the use of technology and data, combining it with the contextual nature of sustainability, to drive more robust impact analysis to help financial institutions meet their impact goals and maximize the contribution of their investments to sustainable development.

The solution can be used across the financial industry, including retail, corporate and development banks, asset managers, MFIs, community banks, credit unions, fintechs and SME lenders, enabling these financial institutions to transform their portfolios to be ESG/impact oriented, comply with increased regulatory reporting requirements by showing transparent and credible impact reporting, and promoting expansion into new markets through more sustainability-related financial products. By showing and demonstrating their impact, GreenArc hopes to provide FIs with greater access to funding, including leveraging a greater market share of the exponentially growing ESG/sustainable finance market and uncovering new business opportunities using innovation in sustainability products as a source differentiation and visibility.

Chetan Karkhanis, SVP, Digital Strategy and Wealth Management, Asia Pacific at Franklin Templeton, said “The sustainable investment landscape has seen significant growth in Asia Pacific, but inconsistent disclosure requirements and the absence of uniform reporting standards have been cited as key barriers to its continued growth. Technology has the potential to address some of these challenges, especially in combination with the increased availability of sustainability data following regulatory changes such as the recent introduction of mandatory ESG disclosures for listed companies in Singapore. We look forward to working with GreenArc as well as other FinTech and green technology players through our incubator to catalyze new and innovative solutions that help support the shift towards a net-zero economy.’

Rony J Palathinkal, co-founder and CEO of GreenArc, said: “With the sustainable financial sector at the center of attention among investors, financial institutions and regulators, our selection for the program by Franklin Templeton confirms how important impact measurement is to bring transparency and credibility to strengthen this market, particularly in the era of greenwashing. We operate at the intersection of sustainable investment and technology, and look forward to using our cutting-edge data-driven platform to bring more clarity and standardization to the sector.’

Jonas Thuerig, Head of F10 Asia, said: “F10 has been working on exciting Impact Fintechs for several years now, and launched a report on the global state of startups in Climate Fintech in June, including a deep dive into Singapore – showing the huge future potential We are particularly pleased to support this ground-breaking collaboration between Franklin Templeton and Green Arc Capital which is sure to drive innovation and progress in this growing area.

About GreenArc
Founded by experts in finance, impact and technology, GreenArc is an impact analysis fintech that helps measure and report the social and environmental impact of private debt investments. Their SaaS impact management solution is tailored for private debt markets, including credit, bonds and loans. GreenArc provides customized impact measurement and reporting solutions, along with an industry-first impact API, aligned with global industry standards to help financial institutions effectively measure and maximize their social impact. Headquartered in Singapore and supported by the Monetary Authority of Singapore’s (MAS) Financial Services Technology Innovation Programme, they cover thematic impact markets worldwide.

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