The Monetary Authority of Singapore (MAS) and Google Cloud have jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia. The programme, which is a collaboration under MAS’s Project Greenprint, seeks to use climate FinTech solutions to boost the financial sector’s access to accurate and granular climate-related data, so that they can deploy capital towards green and sustainable projects more efficiently. The programme aims to catalyse the expected growth of climate FinTech solutions in Asia over the next three years. To support the programme, Google Cloud will launch the world’s first open-source cloud platform dedicated to climate finance, which will facilitate the deployment of these climate FinTech solutions and their adoption by the financial sector.

Source: The Edge Singapore