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About FinTech Innovation Lab

FinTech Innovation Lab is run by the Partnership Fund for New York City and Accenture. The New York FinTech Innovation Lab program is designed to prepare technology for market.

FinTech Innovation Lab Headquarter Location

New York, New York,

United States

Latest FinTech Innovation Lab News

BIS and Bank of Italy announce shortlist for the G20 green and sustainable finance challenge

Jun 25, 2021

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. BIS and Bank of Italy announce shortlist for the G20 green and sustainable finance challenge 1 hour ago Source: Bank for International Settlements The Bank for International Settlements (BIS) Innovation Hub and the Bank of Italy, under the Italian G20 Presidency, today announced the shortlisted finalists and judges for the G20 green and sustainable finance challenge. In May, the BIS Innovation Hub and the Bank of Italy published three high-priority operational problems and invited the international community of innovators, entrepreneurs, developers, data scientists and designers to develop innovative technological solutions. Eighty-nine teams from more than 25 countries submitted 99 innovative solutions for these problems using the dedicated Codemotion platform for registration and online judging. Twenty-one have now been shortlisted by a panel of representatives of a green finance and data consultancy firm appointed by the BIS and invited to showcase their prototypes at a workshop in August for feedback from national authorities and experts. An independent expert panel, organized and sponsored by the Bank of Italy, will judge the submissions and select the most promising solutions. Alessandra Perrazzelli, Deputy Governor of the Bank of Italy, will act as an observer for all three problem statements. The winners will be announced in October and cash prizes awarded. We were delighted to see the strong interest in the G20 TechSprint and to receive so many innovative and accomplished entries from all over the world. This response shows how the private sector can play a key role in solving high-level challenges to help promote green finance and contribute to global financial progress and stability. The teams that qualify for this next stage of prototype development have proposed some very practical yet innovative approaches to address the problem statements. We look forward to seeing the fully developed solutions. Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore The 21 shortlisted teams will receive support from expert mentors in developing their projects and be invited to a touchpoint event to get more feedback. The initiative aims to catalyse private sector energies towards identifying solutions and developing working prototypes through the implementation of innovative technological approaches in green and sustainable finance, paving the way for further innovations with a significant potential impact for citizens and the planet. Paola Giucca, Deputy Head of the Retail Payment Instruments and Services Directorate of the Bank of Italy Shortlisted teams: Marianne Haahr (Executive Director at Green Digital Finance Alliance) Massamba Thioye (Manager, Sustainable Development Mechanism Program at the United Nations Framework Convention on Climate Change, Co-Chair at Climate Chain Coalition, and Co-Chair of ISO Working Group 10 preparing ISO 14097) Thomas Puschmann (Founder and Director of the Swiss Fintech Innovation Lab and Founder of the Global Center for Sustainable Digital Finance, a joint initiative of Stanford University and the University of Zurich) Richard Teichmeister (Head of Funding - New Products & Structured Transactions -European Investment Bank) Anthony Nyong (Africa Regional Director, Global Centre on Adaption and former Director, Climate Change and Green Growth, African Development Bank) Sharon Donnery (Deputy Governor, Central Bank of Ireland) Vijaya Ramachandran (Director for Energy and Development at The Breakthrough Institute) Paolo Giudici (Professor of Statistics and Financial Data Science, University of Pavia) Elizabeth Aceituno (Sustainable Finance Specialist at World Wildlife Fund) Christine Chow (Executive Director, Global Head of Strategic Governance and ESG Integration at IHS Markit) Vivek Pathak (Director and Global Head for Climate Business at International Finance Corporation) Barbara Buchner (Global Managing Director and Executive Director at Climate Policy Initiative) Sabine Mauderer (Member of the Executive Board of the Deutsche Bundesbank) David Brand (CEO, New Forests) Eric Usher (Head of UN Environment Programme Finance Initiative) Gema Sacristan (Chief Investment Officer at IDB Invest) Ronie Mak (Managing Director, RS Group Asia) Eric Parrado Herrera (Chief Economist and General Manager of the Research Department at Inter-American Development Bank) Gerhard Mulder (CEO and Co-Founder at Climate Risk Services) Simone Borghesi (Director Florence School of Regulation Climate, European University Institute) Related Companies

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