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DIFC’s strategic initiatives drive Dubai’s emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building
DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.
Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030.
The Sustainable Finance Catalyst aims to support 1 million future sustainability leaders by providing easy access to curated sustainability training programmes, knowledge and toolkits, networking and events.
20% of Dubai Future District Fund allocated to back sustainability-driven tech and innovation ventures.
DIFC Awards 2023 Prototypes for Humanity Winners with Innovation Licence to accelerate growth.
The year-long Path to COP28 programme, co-delivered in partnership with GEFI culminates in a series of climate finance related events in DIFC from 3 to 8 December
DUBAI, UAE, Dec. 3, 2023 /PRNewswire/ — Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, today announced the launch of its Sustainable Finance Catalyst to mark COP28’s Finance Day.
DIFC’s Sustainable Finance Catalyst, which will be part of COP28’s legacy, aims to unlock opportunities and create impact beyond the conference. Building on DIFC’s position as the first global sustainable finance hub in MEASA, DIFC’s Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai to USD100 billion by 2030. Enabled by the first AI-driven sustainability knowledge hub, the Catalyst will activate a network of strategic partners to train and grow its 1 million sustainability leaders; and grow its sustainability-driven start-up ecosystem 50 times its current size by 2030.
Hosted in the new DIFC Innovation One, the Sustainable Finance Catalyst is set to become Dubai’s first centralised intelligence unit focused on sustainable finance, investing in awareness, capability and innovation to accelerate the market from Dubai and provide faster and cost-effective ways for companies to access sustainability knowledge and data and sustainable financing, and develop key capabilities in this domain.
His Excellency Essa Kazim, Governor, DIFC, commented: “Aligning with DIFC’s 2030 Strategy to drive the future of finance, the aim of the first Sustainable Finance Catalyst in the MEASA region is to help grow sustainable finance flows from Dubai to USD100 billion by 2030, further unlocking access for the Global South.
To do so, DIFC has established a portfolio of training programmes and events in collaboration with the DIFC Academy and DIFC Innovation Hub, alongside leading experts, strategic partners, and government entities. The initiatives will further position DIFC and Dubai as a global hub for sustainable finance, enable continued upskilling of top talent, and amplify action on climate finance.”
Arif Amiri, Chief Executive Officer, DIFC Authority, said: “During DIFC’s Path to COP28 programme we have worked with the global industry to ensure we continue to make a tangible difference through cross-border collaboration and by setting a strong example of global best practice. The Sustainable Finance Catalyst is designed to help scale our efforts enabled by the first AI-driven sustainability knowledge hub, and a network of strategic partners that will train 1 million sustainability leaders and ultimately grow the Centre’s sustainability-driven start-up ecosystem 50 times its current size by 2030.”
Beyond the Sustainable Finance Catalyst, DIFC continues to be the region’s champion for addressing climate change and ESGs more broadly, spearheading a number of initiatives:
20% of Dubai Future District Fund allocated for sustainable innovation
As part of DIFC’s drive to nurture access to more sustainable finance funding, the Centre also announced that the Dubai Future District Fund will allocate up to 20% of the AED 1 billion fund to drive growth and back sustainability-driven tech and innovation start-ups and scale-ups, in collaboration with Dubai Future Foundation, in their capacity as founding partners of the fund.
The new fund is aligned with DIFC Strategy 2030 core pillars centred around shaping the future of finance and innovation, designed to boost access to finance for leading tech and innovation firms with a strong focus on innovative solutions set to tackle pressing global challenges.
DIFC and the Dubai Financial Market spearhead innovation for carbon market
Holistic emissions reductions across all sectors are required to limit global warming to 1.5 degree Celsius. Innovation in financing instruments is needed to help achieve that.
Recognising that the demand for carbon project financing within a progressive, transparent and robust regulatory environment will unlock future opportunities and help firms manage carbon reductions, the Dubai Financial Market (DFM), introduced a pilot programme for trading carbon credits in November, to be introduced in more detail during COP28.
DIFC’s engagement in the DFM Carbon Market Pilot exemplifies its commitment to enable sustainable finance, including the use of carbon markets to reduce emissions and help finance the transition to low-carbon economies. By actively participating, DIFC underscores the pivotal role the financial sector plays in addressing climate change.
DIFC awards 2023 Prototypes for Humanity winners with Innovation Licences
As founding partner and inaugural host of Prototypes for Humanity, DIFC is proud of its ongoing commitment to the global initiative. During his welcome address at the Prototypes for Humanity opening ceremony, held at the Museum of the Future earlier in the week, Arif Amiri, Chairman of the Board of Art Dubai and Chief Executive Officer, DIFC Authority, stressed the importance of supporting academic excellence that transcends boundaries and confronts global challenges head-on.
At the Prototypes for Humanity awards ceremony held at COP28, DIFC announced its continued commitment to supporting the next wave of entrepreneurs in sustainable innovation by providing projects selected for the 2023 Prototypes for Humanity with complementary Innovation Licences. The licence enables entrepreneurs to establish in DIFC and provides access to co-working spaces, mentorship and training, PE and VC networks and venture building studios.
At the DIFC Innovation Hub, home to MEASA’s largest cluster of FinTech and Innovation companies, Prototypes for Humanity participants, were welcomed by Mohammad Alblooshi, CEO of DIFC Innovation Hub, to discuss the future of innovation, growth opportunities in Dubai and how the eco-system can serve as a testbed for new technologies and help unlock access to funding.
First and largest COP-related programme for the finance industry
DIFC was the first Government entity to launch a programme to garner attention on climate matters ahead of COP28. The Centre launched its Path to COP28 in October 2022 in association with the Global Ethical Finance Initiative focused on rallying the finance industry to action on common goals: Financing Net Zero; Unlocking Islamic Finance; Financing Nature and Biodiversity; Financing Sustainable Development Goals.
Alongside the Path to COP28 programme of summits, roundtables, MoU agreements and training sessions, DIFC has mobilised climate action through a series of landmark environmental and sustainable finance initiatives.
Mobilising global climate finance talks and future-focused agreements
During COP28, DIFC is hosting the largest and most extensive series of events for the finance industry on climate issues, part of the Global Ethical Finance Initiative and DIFC Path to COP28 programme.
Running from 3 to 8 December, these events include a lecture series relating to perspectives on profit and purpose from Scottish Enlightenment economist Adam Smith and famed Arab social theorist Ibn Khaldun; the signature Climate Finance Summit; Unlocking Islamic Finance Summit; and a series of high-impact sessions in the Sustainable Development Goals Hive.
Under a Memorandum of Understanding recently signed by DIFC Academy and UK-based Chartered Banker Institute, the oldest banking institute in the world, the two entities have partnered to deliver two certifications in ‘Green and Sustainable Finance’ and ‘Climate Risk’. Both initiatives will be rolled out by the DIFC Academy under the Sustainable Finance Catalyst.
Through the DIFC-chaired Dubai Sustainable Finance Working Group, three action-focused reports were published to help businesses in the UAE build resilience to the impact of climate change and move the economy to Net Zero.
Earlier this year, DIFC became the first financial centre in the region to announce its green finance framework, with a positive Second Party Opinion review by S&P Global Ratings.
CONTACT: ASDA’A BCW | +9714 4507600
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IBN Technologies LLC Steps in to Support Clients After Bench Accounting’s Unexpected Closure
MIAMI, Dec. 30, 2024 /PRNewswire/ — Businesses and industries are currently facing the challenge of finding a reliable partner to manage their financial needs due to recent developments. It is crucial for them to search for trustworthy solutions that can ensure financial stability during this uncertain time. Exploring reviews and seeking bench accounting alternative accounting services have become priorities for businesses aiming to maintain uninterrupted financial operations. Partnering with a dependable and efficient service provider is essential for sustained success.
IBN Technologies LLC emerges as a trusted solution, offering comprehensive and customized financial support to businesses across industries. Specializing in outsourced bookkeeping and accounting services, IBN ensures a seamless transition for those affected by recent changes. With decades of experience, the company delivers precision, reliability, and tailored financial strategies to meet the unique needs of each client.
Searching for Bench Accounting alternatives?
IBN Technologies LLC offers seamless outsourcing bookkeeping services to keep your business running smoothly.
Get 30-Minute Free Consultation: https://www.ibntech.com/free-consultation/?pr=prnewswire
A Wide Range of Financial Services Designed for Success
IBN Technologies provides a full spectrum of services to meet the diverse needs of today’s businesses, such as:
- Accurate Bookkeeping: Delivering dependable financial management tailored to meet the dynamic needs of businesses, ensuring precision and timely execution.
- Expert Tax Preparation: Providing compliance-driven, strategic tax solutions designed to maximize deductions and unlock greater savings.
- Effortless Payroll Solutions: Offering streamlined and hassle-free payroll services to ensure seamless employee compensation and operational efficiency.
- Strategic Financial Consulting: Empowering businesses with actionable insights and tax strategies to drive smarter decisions and sustainable growth.
The Impact on the Growth Market
At IBN Technologies, we understand the crucial role that bookkeeping accounting services play in helping businesses make informed decisions, plan for the future, and achieve sustained growth. We recognize the challenges that arise when a trusted provider like Bench Accounting suddenly ceases its operations, leaving businesses in a state of uncertainty.
We are here to ensuring that your reporting deadlines are met, tax compliance is maintained, and operational bottlenecks are minimized.
With our comprehensive range of bookkeeping accounting services, we provide the expertise and guidance necessary to navigate through these disruptions. Our dedicated professionals will work closely with you to understand your unique requirements and tailor our solutions accordingly.
IBN Technologies LLC: A Trusted Partner for the Growth Market
IBN Technologies LLC is committed to helping businesses navigate these turbulent times with tailored financial services. With expertise in outsourced bookkeeping and accounting services, IBN provides scalable solutions designed to meet the dynamic needs of growing companies.
“We understand how vital accurate and timely financial management is for businesses in the growth market,” says Ajay Mehta, CEO of IBN Technologies LLC. He believes that “IBN Technologies team is here to ensure that companies not only recover from this disruption but also emerge stronger, with systems and processes that are built for resilience and success.”
Read or E-book:
Catch-Up Bookkeeping: A Step-by-Step Guide to Financial Clarity & Tax Success
Why Choose IBN Technologies LLC?
- Seamless Onboarding: IBN ensures a smooth transition, minimizing downtime and ensuring uninterrupted financial operations.
- Customized Solutions: From startups to medium-sized businesses, IBN customizes its bookkeeping and accounting services to align with each client’s unique needs.
- Growth-Focused Support: IBN helps businesses scale with confidence by providing insights and strategic advisory services that drive financial clarity.
As businesses in the growth market face this period of change, IBN Technologies LLC offers the stability and expertise needed to turn challenges into opportunities. With IBN as a trusted partner, businesses can focus on what matters most achieving their growth ambitions.
Why Choose IBN Technologies LLC?
IBN Technologies LLC combines advanced technology with a client-first approach to deliver reliable, tailored financial solutions. With a skilled team and a commitment to excellence, businesses can trust IBN to provide the stability and support needed to navigate challenges and thrive.
Our expertise allows us to deliver innovative, customized solutions that align with each client’s goals. “We ensure our clients’ operations run smoothly, no matter the obstacles,” said Ajay Mehta, CEO of IBN Technologies LLC.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in outsource bookkeeping services, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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IBN Technologies Steps Up to Support Small Businesses Following Bench Accounting’s Sudden Shutdown
MIAMI, Dec. 30, 2024 /PRNewswire/ — The unexpected closure of Bench Accounting has left thousands of small businesses scrambling to find reliable financial and accounting outsourcing services. This sudden disruption has created a significant gap, leaving many businesses without the external support they once relied on. Announced under the leadership of Bench’s CEO, the closure has forced countless organizations to seek dependable alternatives to manage their financial operations effectively.
In response to this void, IBN Technologies LLC, a global leader in finance and accounting outsourcing, is stepping up to provide tools, expertise, and support small businesses need. With their proven track record and tailored solutions, IBN Technologies ensures that businesses can maintain financial stability and focus on growth during this challenging time.
IBN technologies are a Bench Accounting Alternative
With over 25 years of experience delivering cutting-edge finance and accounting solutions, IBN Technologies is uniquely positioned to provide comprehensive support for businesses impacted by this industry disruption. The company’s scalable and technology-driven services are designed to empower small businesses, enabling them to overcome challenges and achieve long-term stability.
“At IBN Technologies, we empathize with the concerns of small businesses following the recent closure of Bench Accounting,” stated Ajay Mehta, CEO of IBN Technologies. “Our utmost priority is to stand beside these businesses as a reliable partner, offering them the necessary financial expertise to overcome their challenges and forge ahead with confidence.”
Take control of your finances today! Book a free 30-minute consultation with our experts – https://www.ibntech.com/free-consultation/ ?pr=prnewswire
Comprehensive Solutions Customized to Small Businesses
IBN Technologies offers a comprehensive suite of finance and accounting services customized to meet the unique needs of small businesses, including:
- Bookkeeping and Accounting: Seamless bookkeeping services to maintain accurate, compliant financial records effortlessly.
- Payroll Management: Precision payroll processing customized to the specific needs of your workforce.
- Tax Preparation and Filing: Expert assistance to ensure tax compliance while maximizing savings.
- Virtual CFO Services: Strategic financial planning and insights without the cost of a full-time CFO.
- Financial Reporting and Analysis: Real-time insights into financial performance to support smarter, informed decisions.
Rebuilding Confidence in Financial Management
Rebuilding confidence in financial management begins with IBN Technologies. They provide expertise and tools that are needed to streamline business processes, ensure accuracy, and take full control of your finances. Trust IBN Technologies customized solutions to bring stability and drive growth for your business.
“Our mission is to simplify financial management for small businesses while delivering unmatched value,” added by Ajay Mehta. “During this challenging time of Bench Accounting crunch base, we want to extend our unwavering support to all affected businesses. At IBN Technologies, we are committed to being your guiding light throughout this journey, providing the assistance you need at every step.”
About IBN Technologies
With 25 years of industry experience, IBN Technologies has established itself as an outsourcing specialist serving clients across the United States, United Kingdom, Middle East, and India. The company’s solutions adhere to rigorous international standards, including AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standard. Their comprehensive service portfolio encompasses IT, KPO, and BPO outsourcing services, specializing in finance and accounting solutions for CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries.
For businesses seeking to optimize their financial operations through AP automation, IBN Technologies provides expert guidance and support throughout the digital transformation journey, ensuring seamless integration and maximum operational efficiency.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA: IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
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SINGAPORE, Dec. 30, 2024 /PRNewswire/ — Matrixdock, Asia’s real-world asset (RWA) tokenization leader, announces the integration of its flagship gold token, XAUm, with Binance Wallet, one of the world’s leading digital asset wallets. This development builds on previous integrations with centralized exchange Web3 wallets like OKX and crypto wallets like MetaMask, reinforcing Matrixdock’s commitment to making gold investments more secure, efficient, and accessible for hundreds of millions of global users.
At the core of this integration is XAUm, a token fully backed by London Bullion Market Association (LBMA)- accredited gold bars with a minimum fineness of 99.99%. Each XAUm token represents one troy ounce of gold. These gold reserves are securely stored in Brink’s vaults in Hong Kong and Singapore, offering token holders the option to redeem XAUm for physical gold.
Purpose-built for Web3 compatibility and the multi-chain ecosystem, XAUm seamlessly blends blockchain innovation with user-centric design. Its robust proof-of-reserve transparency, efficient multi-chain reserve management, and enhanced interoperability inspire trust and elevate gold from a static asset to a dynamic, multifunctional financial instrument in the digital economy.
This integration with Binance Wallet builds on previous developments within Binance’s ecosystem, including decentralized exchanges and lending platforms. The goal is to make XAUm a benchmark for modern gold investments, providing an efficient and trusted solution that redefines asset efficiency and financial equality.
Binance Wallet enhances this vision by offering a secure and intuitive entry point to Web3. Users can manage digital assets, perform cross-chain token swaps, and earn yields effortlessly. With a simple setup process via the Binance app, the wallet eliminates the need for seed phrases or private keys, furthermore, it utilizes Multi-Party Computation (MPC) technology to enhance secure transactions.
Through this integration, individuals worldwide are able to buy, own, and trade gold conveniently with a mobile device. By leveraging Web3 technology and the multi-chain ecosystem, Matrixdock and Binance Wallet set a new standard for modern gold investments, driving financial equality and innovation.
About Matrixdock
Founded in February 2023 by Matrixport, Matrixdock is Asia’s RWA leader that modernizes financial instruments through advanced tokenization technology. As the first in Asia to introduce a tokenized short-term treasury bill product, STBT, earned the Ecosystem Excellence TADS Award in 2023 for Trading & Liquidity Solutions. In 2024, it launched a one-of-a-kind Tokenized Gold token, XAUm, modernizing traditional gold investment into a dynamic, multifunctional digital asset.
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