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GreenPrint Corp. and Plastic Bank Partner to Offer Plastic Neutral Sustainability Solutions Leveraging Blockchain Technology

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GreenPrint, an environmental technology company providing turn-key sustainability programs today announced a partnership with Plastic Bank, an organization globally recognized as one of the most important solutions to stop Ocean plastic. Both organizations share the belief that movement towards a circular economy is the future of business. GreenPrint uses patented technology to calculate CO2e emissions via payment transactions and invests proportionately in certified projects to develop and market sustainability programs for its clients. GreenPrint’s programs are currently running at over 4,500 retail locations in 14 countries across the globe.

Through the partnership with Plastic Bank, GreenPrint will now offer its clients and partners the opportunity to become plastic neutral by offsetting their plastic consumption with Social Plastic Collections Credits (SPCC). SPCC fund the recovery and recycling of an equivalent volume of ocean-bound plastic, effectively neutralizing the environmental impact of virgin plastic use. Other programs include Ecosystem Activation Partners that allow companies to fund the creation of new Social Plastic Ecosystem, using block chain technology, building branded branches in different places and engage local communities to begin converting waste into currency.

“It’s our responsibility as a business and as individuals to support our communities and environment. That’s why we are excited to partner with Plastic Bank, which will give our clients another opportunity to engage with their customers and communities through sustainability programs and make a notable and competitive difference,” said Pete Davis, founder and CEO of GreenPrint. “Plastic Bank’s mission is to stop Ocean Plastic by gathering a billion people together to monetize waste while improving lives aligns with GreenPrint and our client’s missions seamlessly.”

“As of May 31, 2019, Plastic Bank has cumulatively recovered over 10 million pounds of mismanaged waste plastic from the ocean-bound environment,” said David Katz, CEO of Plastic Bank.  “We are excited about our partnership with GreenPrint because we know it will only strengthen our ability to make an even greater impact through their network of clients and partners.”

GreenPrint’s programs offer a variety of customizable options to address the larger issue of climate change, but also find ways to scale community engagement, support, and impact. As a result, GreenPrint’s programs have enabled their clients to build stakeholder goodwill, differentiate themselves from their competition, build customer loyalty, and increase revenue and profits.

 

SOURCE GreenPrint Holdings Inc.

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CFC launches groundbreaking carbon delivery insurance policy

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Innovative new approach aimed to protect buyers and galvanise quality growth in the voluntary carbon market

LONDON, March 19, 2024 /PRNewswire/ — CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, has today announced its entry in the carbon insurance market with the launch of a groundbreaking new product.

CFC’s innovative new Carbon Delivery Insurance is the first to cover both the physical and political risks faced by businesses purchasing voluntary carbon credits on a forward basis. Carbon Delivery Insurance covers 100% of the purchaser’s investment for non-delivery of carbon credits.

And in another first, CFC has built a sophisticated underwriting model that rates the carbon project itself rather than the policyholder. This makes the product easy to buy, and negates the need for lengthy, complex application forms and protracted discussions that take weeks to result in a quote. Rather, CFC can deliver same day quoting and binding for a buyer purchasing from one of over 300 carbon projects and counting.

To understand the increasing demand among leading market participants for carbon insurance to help mitigate the risks of the voluntary carbon market (VCM), CFC surveyed over 500 companies actively involved in the market.

  • 75% of existing buyers are ‘very concerned’ about delivery shortfalls
  • 65% have experienced losses from non-delivery
  • 80% said they are very like to consider purchasing under-delivery insurance
  • 50% of non-buyers said they would be more inclined to purchase voluntary carbon credits if they could insure them against non-delivery risk

“Insurance is the mechanism by which all parties involved in the voluntary carbon market can collaborate in their decarbonisation projects with full accountability. By facilitating risk transfer, we believe that insurers can drive positive change while getting ahead in a market whose value could exceed $1 trillion by 2050,” said George Beattie, Head of Innovation at CFC. “The introduction of our Carbon Delivery Insurance product represents a further step forward by the industry to protect buyers and galvanise quality growth in this market, empowering market participants to overcome its inherent risks.”

In addition to launching Carbon Delivery Insurance through its traditional broker distribution channel, CFC has also partnered with IncubEx – a fast-growing carbon innovation platform at the cutting edge of the voluntary carbon market. The partnership aims to develop the insurance sector’s role in the market, deliver API-based distribution of CFC’s carbon insurance products within trading venues such as Incubex’ TVCM carbon trading platform, and facilitate introduction to specialist insurance brokers who will ultimately execute every deal.

Neil Eckert, Chairman at IncubEx, added: “IncubEx recognises the role that the insurance markets have to play to take the carbon markets to scale. We have been delighted to support insurers in the market, such as CFC, who demonstrate the willingness and leadership to develop new products which will either protect and scale investments in nature and biodiversity, or will support the removal of carbon to tackle climate risk. CFC has a strong track record of innovation, underwriting expertise and distribution partnerships and will be a very welcome addition to the industry’s offerings to take the carbon market to scale.”

“Following 12 months’ intensive research and consultation to ensure we’re delivering a product that provides the peace of mind that the voluntary carbon market is looking for, our Carbon Delivery Insurance proposition marks our first step into the multi-faceted carbon market,” added Beattie. “To facilitate investment and encourage liquidity across the voluntary carbon market, we already have a number of other products in development to meet the needs of different parts of the carbon value chain.”

CFC has produced an in-depth reportAn unmissable opportunity in the carbon market” providing further details on how the VCM works, the challenges it faces and why the insurance industry’s involvement is key to driving its growth and sustainability.

The report also includes full details of the results of CFC’s survey of 549 wholesalers, investors, corporate buyers and project developers spanning every industry in the UK, the US and Canada whose organisations already operate in the VCM.

Read more about CFC’s ground-breaking Carbon Delivery Insurance product here.

Watch this video to hear George Beattie talk more about the role of insurance in the voluntary carbon market alongside Incubex Managing Director, Ian Meadows.

About CFC

CFC is a specialist insurance provider, pioneer in emerging risk and market leader in cyber. Our global insurance platform uses cutting-edge technology and data science to deliver smarter, faster underwriting and protect customers from today’s most critical business risks.

Headquartered in London with offices in New York, San Francisco, Austin, Brussels and Brisbane, CFC has over 875 employees and is trusted by more than 150,000 businesses in 90 countries. Learn more at cfc.com and LinkedIn.

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oneZero and Finalto Asia boost Asia-Pacific liquidity for trading customers

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BOSTON, March 19, 2024 /PRNewswire/ — oneZero and Finalto Asia are extending their partnership to boost liquidity for trading customers in the Asia-Pacific region. The addition of the Equinix Tokyo data center to existing New York and London data centers marks a significant upgrade to the reach of Finalto’s oneZero curated liquidity offering that is available to Asia-Pacific customers.

Alex Mackinnon, CEO of Finalto Asia, highlighted the benefits for customers of the existing relationship with oneZero, which includes Finalto using oneZero’s Institutional Hub as a core component of its aggregation and pricing technology globally. Finalto already has access to the 250+ brokers and banks in the oneZero EcoSystem, and with the addition of the Equinix Tokyo data center, even more liquidity is accessible to the Asia-Pacific region. 

The oneZero Institutional Hub is a state-of-the-art modular trading solution designed to empower financial institutions and brokers with unparalleled access to multi-asset class liquidity, aggregation, price formation, distribution, risk management and credit management. Trading analytics that ensure intelligent performance are available via comprehensive trading GUIs on a robust SaaS platform that aggregates both custom-tailored streams from OTC liquidity providers and market data from listed venues. Low latency and a superior trading experience are also enjoyed by clients and their customers.

Alex Mackinnon praised the relationship with oneZero, emphasizing Finalto Asia’s commitment to enhancing the capabilities of financial professionals in the region.

We are excited to announce the expanded relationship with oneZero not only by using their Institutional Hub as a key component in our technology stack, but now by adding the Equinix TY3 data center to the LD4 and NY3 data centers,” said Alex. “This exemplifies our dedication to providing our customers with cutting-edge technology options in accessing our wide liquidity and product offerings via a seamless trading experience.”

Finalto Asia is confident that the launch of the oneZero Tokyo Hub will mark a significant milestone in the financial technology landscape, enabling customers to stay ahead of the curve and excel in their trading.

oneZero’s CEO and Co-Founder Andrew Ralich commented: “I am pleased to be cementing the fruitful partnership that Finalto and oneZero has shared globally. By leveraging our Institutional Hub, the addition of the Equinix Tokyo data center marks another distribution channel by which Finalto customers in the region will be able to access liquidity. Our strategic partnership caters not only to the liquidity needs of brokers and institutional clients in the region, but also to their desire for advanced and customizable functionality through an efficient and comprehensive solution.”

For more information about Finalto Asia please visit www.finalto.com/sg or email [email protected].

To learn more about oneZero, please visit www.onezero.com or email [email protected].

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USA Wealth Report 2024: America Remains the World’s Top Wealth Hub but Faces Uncertain Future

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LONDON, March 19, 2024 /PRNewswire/ — Despite serious concerns over the state of the union with a Biden–Trump presidential election rematch now underway, the USA remains the world’s undisputed leader in private wealth creation and accumulation. America accounts for 32% of global liquid investable wealth — a colossal USD 67 trillion, according to the 2024 USA Wealth Report published by global wealth advisory firm Henley & Partners. The USA is currently home to 37% of the world’s millionaires: some 5.5 million high-net-worth individuals (HNWIs) who hold over USD 1 million in liquid investable assets. This number has risen by an impressive 62% over the past decade, well ahead of the worldwide growth rate of 38%.

Although the USA’s GDP is similar to that of rival superpower China, America ranks way ahead when it comes to liquid wealth (which for the purposes of this report only includes listed company holdings, cash and debt-free residential property holdings). Likewise, wealth per capita and the number of super rich is also substantially higher stateside. The USA boasts 9,850 centi-millionaires versus China’s 2,352, and 788 billionaires versus China’s 305. While just over 862,000 millionaires live in China, its wealth per capita is only USD 18,800 compared to USD 201,500 in America, which ranks 6th globally after Monaco, Luxembourg, Switzerland, Australia, and Singapore.

Yet despite the USA’s affluence, Mehdi Kadiri, Head of North America at Henley & Partners, says record numbers of wealthy US-Americans are currently securing additional citizenships or alternative residence rights abroad. “US nationals are our single biggest cohort of applicants right now and they also outnumbered every other nationality last year. With political divisions and societal tensions at an all-time high, American investors, entrepreneurs, and wealthy families are increasingly hedging their bets and pursuing backup citizenship or residence abroad, signaling declining faith in the domestic outlook.”

Commenting in the 2024 USA Wealth Report, award-winning journalist and author Misha Glenny says although just under 2% of the world’s population have the right to decide who will be the next US president, their choice will have far-reaching consequences for the remaining 8 billion around the globe. “The USA remains the decisive economic power in the world but politically it has rarely appeared so unsure of itself. Despite its economic performance, the perception of ordinary voters ahead of November’s high-stakes election is one of stagnating living standards, rising debt levels, and a dangerously polarized society.”

America’s wealthiest and priciest cities

New York City continues to wear the crown as the wealthiest city in the USA (and the world) with 349,500 millionaires calling the Big Apple home (of which 744 are centi-millionaires and 60 are billionaires), followed by the Bay Area (305,700), Los Angeles (212,100), Chicago (120,500), and Houston (90,900). Dallas (68,600), Seattle (54,200), Boston (42,900), Miami (35,300), and Austin (32,700) all make it into this year’s Top 10, with Washington, D.C. in 11th place with 28,300 resident millionaires.

Looking at wealth growth over the past decade, Texas’s capital Austin has enjoyed the biggest leap, with a 110% increase in its millionaire population between 2013 and 2023. The Arizona desert city of Scottsdale and Florida’s Palm Beach and West Palm Beach have also proved to be millionaire magnets with increases of 102% and 93%, respectively. Greenwich and Darien on Connecticut’s affluent Gold Coast, and Northern California’s Bay Area, have sported wealth growth of over 80%, and Miami, Dallas, D.C., Seattle, and Houston have all seen their resident millionaires surge by over 70%. Andrew Amoils, Head of Research at New World Wealth says “future wealth hotspots to watch are Salt Lake City, Tampa, and Naples. Over the next decade, we can expect these cities to attract rising numbers of high-net-worth residents”.

When it comes to the most expensive real estate in America, New York again takes the lead with the average price per m2 of a ‘prime’ (200 to 400 m2) apartment in the city standing at an eye-watering USD 28,400. Next up is LA, where the plushiest pads fetch an average of USD 17,800 per m2, followed closely by Palm Beach (USD 17,500), Miami Beach (USD 17,200), and the Bay Area, where you can spend up to USD 15,500 per m2 for premium residential units in the most affluent locations.

In terms of private wealth outflows, Henley & Partners received the most enquiries from US citizens on record in 2023 (with an increase of 500% over the past five years), making them the highest ranked nationality worldwide when it comes to applying for residence and citizenship by investment programs. To meet demand, the firm has opened offices in Chicago, Dallas, Los Angeles, Miami, New York City, and San Francisco.

Read the Full Press Release

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