Permutable AI is thrilled to announce its participation in the first-ever virtual Greenwashing TechSprint organized by the Global Financial Innovation Network (GFIN). The TechSprint, hosted on the FCA’s Digital Sandbox platform kicked off on June 5 and is running for three months culminating in a showcase day in September 2023.
As a champion of sustainable finance innovation, Permutable AI is proud to collaborate with GFIN and other industry stakeholders in addressing the pressing challenge of greenwashing in the financial services industry. Greenwashing poses risks to the integrity of sustainable finance by potentially misrepresenting the environmental, social, and governance (ESG) credentials of financial products and services.
By leveraging its expertise in AI and data analytics, Permutable AI aims to develop an innovative framework to identify and tackle greenwashing during the Greenwashing TechSprint that will empower regulators and market participants to effectively identify and mitigate the risks of greenwashing. It is hoped that the framework will form the bedrock of a solution that will contribute to the advancement of sustainable finance practices, ensuring that consumers have access to transparent and genuinely sustainable financial products that align with their values.
At Permutable AI, we strongly believe that collective efforts and collaborative inventiveness are crucial for fostering sustainable finance innovation and driving positive change. The virtual nature of the TechSprint enables powerful global collaboration and knowledge sharing among participants.
Joining forces with GFIN, regulators, and fellow innovators, Permutable AI looks forward to accelerating sustainable finance innovation during the TechSprint. By harnessing the power of AI and data analytics, we aim to revolutionize the industry, enhance transparency, and promote responsible investment practices. Together, we can build a resilient and sustainable financial ecosystem that serves the needs of society and the planet.
Permutable AI founder & CEO Wilson Chan said, “We are proud to join forces with GFIN and industry stakeholders in addressing greenwashing through sustainable finance innovation. With our expertise in AI and data analytics, Permutable AI aims to revolutionize the industry, enhance transparency, and promote responsible investment practices, building a resilient and sustainable financial ecosystem.”
For comprehensive details about the Greenwashing TechSprint program, including application procedures and key dates, please visit GFIN’s website.
Read about the latest updates on the TechSprint here or to find out more about Permutable AI’s work in this area, get in touch with the team today below.