Day: March 23, 2022

Cloud computing is here to stay and companies must understand the risks it comes with. Private clouds are an undeniable force of productivity and efficiency. However, if companies do not take the necessary precautions and are not prepared for events, they may end up getting into trouble. Thus, companies must always give emphasis to data encryption and protection and make sure that logging and auditing are done properly. By following the 6 steps described above, one can rest assured that nothing will actually go wrong.

INT. Rides On Its People-Centric Culture To Achieve The Great Place To Work® Certification

India Mar 9, 2022: Leading digital product engineering company, INT. (Indus Net Technologies) has recently received the Great Place to Work® Certification for building an outstanding workplace, with an industry-leading, people-centric culture through its HR initiatives. As part of this assessment, the organisations are studied through two lenses. The first lens measures the quality of employee experience through their globally validated survey instrument known as Trust Index©. The second lens is called Culture Audit©, which is a proprietary tool of the Institute that evaluates the quality of people practices of an organisation. Ever since INT. was established in the year 1997, people-centricity has always been its core value and naturally, this garnered the highest consideration during evaluations. The company’s belief is that this approach helps it prosper holistically and inclusively from an inside out perspective. Furthermore, INT. uses a unique organisational structure basis functional roles rather than emphasising hierarchies, making it extremely popular among the young generation. Overall, the company’s core principles revolve around the themes of creating value, innovating every day, and embracing technology, while upholding integrity, respect as well as commitment. Abhishek Rungta, Founder & CEO, INT. commented: “The ongoing year marks our 25th year in business. We have survived, grown and evolved as one family of over 750 inspired INTians. We are in the business of talent and talent-driven transformation. Hence, this is ultra-special for us. We humbly accept the Great Place to Work® Certification and renew our resolve to usher in newer industry practices to remain one of the gold standards of organisational culture.”

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Green Fintech: When Financial Technology Hugs Trees

The Paris convention guidelines to prevent the 1.5-degree Celsius rise in global temperatures requires an all-out effort by every human, machine, and technology. Naturally, the FinTech sector too is covered and needs to do its bit to protect the one home we have – Earth.  A sustainable FinTech company is thus, no longer a fad. In fact, green fintech is a hot topic among software developers, entrepreneurs, investors, and end-users, and it’s a powerful trend to leverage for the growth of a new financial revolution. What Is Green Fintech?  FinTech takes on a green shade when financial services and products are deployed considering the environmental factors in the financial operations, to promote and stimulate sustainable investments and limit the sector’s carbon footprint.  Per the Green Finance Action Plan in 2019, it is now the fledgling agenda of sustainability. One of the primary initiatives is to use FinTech expertise to address the key difficulties in the Green Finance market. What Happened In Singapore Needs To Spread Out To The World The Monetary Authority of Singapore (MAS) has actively promoted FinTech and Green Finance and their adventure began in 2015. It is now widely regarded as one of the world’s top FinTech centers. Singapore comprises 101 FinTech companies and each one of them is looking forward to transforming to Green FinTech by factoring in sustainability goals and reducing their carbon footprints.  What Are The Goals and Objectives? The summit set a number of goals, consisting of raising funds to guarantee US$100 billion in “climate finance” to impoverished countries each year. The next goal is collaborating to accelerate climate change action through governments, corporations, and civil society. Several Green FinTech operations, such as green bonds, green investment funds, and huge organisations purchasing climate risk insurance, have been shown to be critical in mitigating climate change risks. Vibrant Ecosystem Establish a thriving Green FinTech ecosystem in Singapore and then expand the initiative beyond the country’s borders. Drive Partnerships Creating bridges between financial institutions, investors, green technology and solution suppliers, Environmental, Social and Corporate Governance (ESG) service providers, and businesses. Trusted Data Flows Establishing a digital framework to support the flow of consistent, clear, and trustworthy ESG data, as well as access to other global and sectoral data platforms. Why is it important? Green FinTech is a more environment friendly alternative to traditional finance. Gone are those days, when you used to drive to your bank to get a printed bank statement. Now, you can access your bank statements within a few clicks digitally. It improves convenience, reduces carbon footprint, and provides greater transparency in personal money management.  AI and Data – The Green FinTech Catalysts The most promising FinTech ideas for a sustainable financial sector encompass Artificial Intelligence (AI), sophisticated data analytics, tokens, and Distributed Ledger Technologies (DLT). These aid in detailing real-time public opinions in relation to sustainability via AI analysis of large amounts of unstructured data.   AI helps in determining if the company’s behavior has a good or negative influence on each of the Sustainable Development Goals (SDGs). The robo-advisors assist small investors to direct long-term investments and monitor SDG compliance. Furthermore, the utilisation of big data to assess the environmental effect of a company’s assets is done too.  Potential Challenges And The Blooming Solutions The primary challenge in Green FinTech is prioritising profit over the planet. The solution to it is the integration of ESG and coping with the demands of greener products by Millennials and generations that come after it.   The shift to green investments leads to the rise of reassessment challenges of valuing multiple traditional assets. The inclusion of alternative data sourcing through contemporary analytical platforms and tools supported by AI players can be beneficial. Also, current ‘greenwashing’ practices initiate funds and are engineered and amended to make them look more beneficial than they are actually. This generates legitimacy skepticism through green finance and demands diligence from investors in making financial decisions. Here, standardisation of screening and proceeding projects to attain compatibility as per low carbon economy is a viable solution. What’s the future for Green FinTech? Green Fintech plays a major role in the journey to a low-carbon future. With so many inventive new products, funds, and investment possibilities developing all the time, the start of a decade of massive change throughout society and the environment will undertake, and the current blend of innovation with sustainable objectives means there’s a lot of optimism around to get the job done. 

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