London Stock Exchange opens sustainable finance unit in Singapore

The London Stock Exchange Group (LSEG) has announced the launch of a sustainable finance innovation unit in Singapore.

The unit, backed by the Monetary Authority of Singapore (MAS), is part of the group’s new LSEG Labs network and will be focussed on creating sustainable finance capabilities to accelerate advanced technology across the country’s FinTech market.

With locations in London and Singapore, LSEG Labs collaborates with LSEG’s customers and partners around the world to apply strategic analysis, emerging technology, data science, and design thinking to solve problems faced by the financial industry.

The group said that the Singapore-based unit provides a combination of data science, data engineering, design thinking and Environmental, Social and Governance (ESG) expertise.

“Technology will play an increasingly vital role in driving the global sustainability agenda,” said Kwok Quek Sin, executive director, green FinTech, FinTech & innovation group at MAS. “Greater collaboration will be key for the financial sector to explore innovative solutions that can address climate-related risks and mobilise capital towards greener and more sustainable activities.”

Quek Sin added: “To this end, the setup of LSEG’s sustainable finance innovation unit in Singapore can help bring together the capabilities and stakeholders needed to support sustainability and transition efforts both regionally and globally,”

LSEG’s multidisciplinary team will work closely with key players in Singapore and global financial institutions, corporates, universities, and industry associations.

“We are excited to gain the backing of MAS to support the business, finance and investor community in accelerating the transition to a net-zero, sustainable economy,” said David Harris, global head of sustainable finance, data & analytics at LSEG. “This is a powerful initiative given both of our positions at the heart of international capital markets and our combined focus on innovation and global collaboration in sustainable investment and finance.”

    Share Story:

Recent Stories

Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.