Spark Systems is Now on ESGpedia

Officially the first FinTech on the ESGpedia registry platform SINGAPORE, 4 November 2022: Spark Systems, an ultra-low latency aggregator and eFX solution platform has announced that it is now on ESGpedia. What Sets Spark Systems Apart Spark Systems unique proprietary technology and robust architecture allows them to provide the most complete eFX solution in the market. They built a completely new platform from the ground up to address critical paint points on Global FX Trading Desks that were not addressed by legacy systems. These pain points include meeting regulatory requirements (compliance), reducing rejections and smaller slippages in execution, being comprehensively connected to all major banks and other non-bank liquidity providers (market access). ESGpedia & Green Finance Developed by leading Singapore-headquartered environmental, social, and governance (‘ESG’) fintech Hashstacs Pte Ltd (‘STACS’), ESGpedia aggregates verified environmental, social, and governance (ESG) data and certification across various sectors, and provides digital tools for effective sustainable finance. ESGpedia powers the Monetary Authority of Singapore (MAS)’s Greenprint ESG Registry, which is one of the four digital utility platforms housed under Project Greenprint. Supporting diverse needs of companies embarking on net zero, ESGpedia allows financial institutions, corporates, and regulators to access trusted ESG data via a common, standardised registry. The First FinTech to disclose ESG data on ESGpedia Spark Systems’ journey towards its ESG disclosure began with them successfully measuring and monitoring their carbon footprint. As a result, Global Compact Network Singapore, known as the leading voice on corporate sustainability issued Spark Systems the LowCarbonSG Participant Logo. Being onboard ESGpedia encompasses three key benefits: Greater Transparency, Sustainable Financing, and Maintaining Competitiveness. Greater Transparency Provides large corporations with greater monitoring of their supply chain, including scope 3 emissions. Sustainable Financing Facilitates sustainable supply chain financing through greater transparency and enhancing suppliers’ access to financing. Maintaining Competitiveness Ensures competitiveness of ASEAN service providers in foreign markets which mandates ESG credentials. Being the first FinTech to have its ESG company profile on ESGpedia unlocks potential use cases in the near future.
  • A leading example to other FinTechs and SMEs to disclose carbon footprint and ESG data.
  • ESG Data for financial institutional clients and vendors for their sustainability reporting.
Spark Systems’ Chief Financial Officer, who leads the sustainability practices of the Company, Chin Shi Mei shared: “Being the first FinTech to have its company profile on ESGpedia is a great honour and we aim to be the first use case for FinTech services and financial institutions in the future”. Spark Systems will be making this announcement at the Singapore FinTech Festival, the largest FinTech festival in the world and a knowledge platform for the global FinTech community. For further information, please contact: Spark Systems (https://www.sparksystems.sg/) Chin Shi Mei, Chief Financial Officer Email: [email protected] STACS (https://stacs.io/) Grace Lim, Senior Marketing Manager Email: [email protected] About Spark Systems Spark Systems is the only FX platform that delivers next-generation trading capabilities globally at unsurpassed speed, scale, functionality and at a lower price point. Spark Systems’ FX platform is built by traders for traders and integrates Users (Price Takers) and Liquidity Providers (Market Makers) to make available cutting-edge trading technology to all users. About STACS STACS (Hashstacs Pte Ltd) is a Singapore-headquartered FinTech company focused on ESG FinTech, operating ESGpedia, which powers the Monetary Authority of Singapore’s (MAS) Greenprint ESG Registry. STACS serves as the Nexus of ESG Finance with ESG data across multiple industries and digital tools for the financial sector to scale decarbonisation financing, as well as a platform to provide high-quality carbon offsets to mitigate residual emissions. Its clients and partners include global financial institutions and corporates. STACS is an Award Winner of the MAS Global FinTech Innovation Challenge Awards 2020, and a two-time awardee of the Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant, under the Financial Sector Development Fund administered by the MAS. For additional information, please visit www.stacs.io.

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