Organisations around the world know that the significance of ESG is rising every day - and where once the E, the S and the G were initially separate, they are now being seen as collective initiative to achieve data standards.
Solidatus has been chosen by the UK Department for International Trade (DIT) as one of 11 UK-headquartered FinTech companies to join a virtual trade delegation to New York Climate Week from Monday, 20 September to Friday, 1 October 2021.
Financial institutions are under pressure from regulators to automate their regulatory reporting which includes having effective and efficient tools in place. In recent years, there has been a significant increase in innovative projects from regulators, focusing on improving processes to reduce overheads through technology and data. In the near future, regulators will want to see a holistic and readily accessible view of the reporting process and the firm's granular data.
The Securities and Exchange Commission (SEC) has announced an Enforcement Task Force for climate risk disclosures - “Proactively addressing emerging disclosure gaps that threaten investors and the market”.
It’s now crucial that financial institutions think about RegTech as part of their wider transformation strategy and reap its potential to provide real-world solutions for today’s ever-changing landscape.