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Temenos forges partnership with MAS to fuel Sustainable Finance

By Gloria Mathias

November 16, 2023

  • APAC
  • APAC news
  • ESG Finance
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Temenos, NdcTech, Systems Limited, Temenos Country Model Banks, Financial Institutions, Temenos Banking Cloud, Regulatory, GCC, MENA, APAC, MAS, Monetary Authority of Singapore, Fintech News, APAC News, Finance Solutions, ESG Finance, Sustainable Finance, Singapore, Temenos has announced a collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to cooperate on technology solutions, explore data integration, and foster product development innovation capable of powering the future of sustainable finance.

Temenos, a core banking software vendor, is set to collaborate with Gprnt and will join MAS and partners to discuss the potential opportunities that Gprnt will open up to better support financial institutions’ balance sheet decarbonization, ESG risk management, and regulatory compliance needs.

Gprnt is the culmination of MAS’ Project Greenprint and aims to address the financial sector and real economy’s needs in collecting and accessing trusted climate- and sustainability-related data. Potential product co-development use cases with Temenos include enhanced KYC that takes ESG data from verifiable sources through the Gprnt platform and feeds it directly into a bank’s client onboarding.

Tony Coleman, Chief Technology and Innovation Officer at Temenos, said, “Temenos has integrated ESG into its operations and product offerings, providing banks with the technology needed to help them transition to a low-carbon economy and achieve their ESG goals. We look forward to supporting Gprnt and exploring opportunities that will help mobilise capital, monitor sustainability commitments, and measure impact.”

Sopnendu Mohanty, Chief FinTech Officer, MAS, said, “Technology is a key enabler for financial institutions to surmount the challenges of green transition and achieve their net-zero targets. Temenos is a global name in developing banking platforms, and we are delighted to have them onboard Gprnt to cooperate on initiatives to power the financial sector’s mounting need for better sustainable finance solutions.”

Furthermore, Temenos ESG Investing Solution helps banks meet reporting standards while offering products that allow their customers to choose investments based on their own values.

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