Nameer Khan, Chairman of the MENA Fintech Association and Shadab Taiyabi, President of the Singapore FinTech Association (Photo: MNB/Márton Koncz)
Hunor Hoppál
22/12/2023 07:00
In the opening discussion of the financial panel, Anikó Szombati, Executive Director for Digitalisation and FinTech at the Magyar Nemzeti Bank (the central bank of Hungary), asked Nameer Khan, Chairman of the MENA Fintech Association, who highlighted the role of the FinTech sector in combating climate change and sustainable development. Shadab Taiyabi, President of the Singapore FinTech Association, stressed the importance of public-private sector collaboration and the goal of making green finance more accessible.
The next roundtable discussion was moderated by Dániel Palotai, Executive Director of the IMF, and included Taehyoung Cho, Director General of the Bank of Korea Economic Research Institute, Kamran Khan, Head of ESG for Asia Pacific at Deutsche Bank, Nurkhat Kushimov, CEO of the Astana Financial Services Authority, and Wang Xin, Director-General of the People's Bank of China Research Bureau.
According to Nurkhat Kushimov, sustainability, carbon emissions and climate change are global issues that cannot be solved by one country alone. Kamran Khan said that banks are not shapers of the economy, they merely reflect changes in the economy. Wang Xin pointed out that banks are calling on FinTech companies to help them in their financial risk analysis for climate and nature protection.
The panelists also discussed the problem of greenwashing. Taehyoung Cho drew attention to the key role of information disclosure. He argued that this could reduce the extent of greenwashing by making people aware of the real threats that are posed today.
The author is a journalist.