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The Sustainable Currency Revolution in Fintech: Redefining Business Success



In the rapidly evolving world of fintech, sustainability has transcended its traditional role as a mere buzzword to become the cornerstone of a new business currency. As the financial landscape continues to undergo transformative shifts amid the digital revolution and an intensified focus on climate action, it is imperative that businesses within the fintech sector recognize sustainability as their most valuable asset. Embracing sustainability is no longer just an environmental imperative; it is a gateway to a wealth of economic opportunities, innovation, and competitive advantage within the fintech industry. This paradigm shift marks the dawn of a new era where green is not only the new gold but also the driving force behind business excellence and societal impact.

Building Trust in the Digital Age

In the world of fintech, where digital transactions reign supreme, establishing trust is paramount. Consumers are increasingly discerning, and their preferences are shaped by a desire to align with businesses that reflect their values. Research shows that a significant percentage of global consumers are willing to modify their consumption patterns to reduce their environmental footprint. In the fintech sphere, cultivating trust through a genuine commitment to sustainability is not only a strategic move but also a means of fostering enduring customer loyalty and advocacy.

Fostering a Culture of Innovation

While sustainability in fintech might evoke images of carbon footprint reduction and green investments, its true potential lies in nurturing a culture of innovation. Companies that integrate sustainability into their operational ethos are not just mitigating environmental impact but also fostering an environment conducive to radical innovation. This spirit of innovation has the potential to not only disrupt existing fintech markets but also give rise to entirely new ones, driving sustainable financial solutions and products that cater to the evolving demands of environmentally conscious consumers.

Attracting and Retaining Talent

In the competitive fintech landscape, attracting and retaining top talent is critical for sustained growth and innovation. Today’s workforce, particularly millennials and Gen Z professionals, seek more than just a paycheck—they crave purpose and a sense of contributing to a meaningful cause. Fintech enterprises that prioritize sustainability are poised to become beacons for passionate, purpose-driven individuals, fostering a workforce that is not just driven by financial incentives but also deeply committed to advancing sustainable practices and driving positive societal change.

Mitigating Risks and Ensuring Resilience

In the fintech industry, where regulatory compliance and risk management are paramount, integrating sustainability into business strategies serves as a robust shield against potential risks and market volatility. By adopting comprehensive environmental, social, and corporate governance (ESG) frameworks, fintech companies can proactively navigate regulatory shifts, market fluctuations, and resource constraints, ensuring long-term operational resilience and safeguarding against potential reputational and financial risks.

Embracing Sustainable Investment Opportunities

Within the dynamic realm of fintech, sustainable investment practices have emerged as a pivotal driver of financial growth and stability. The rapidly expanding global sustainable investment market underscores the undeniable link between sustainable business practices and long-term financial viability. Fintech enterprises that prioritize sustainability not only appeal to socially responsible investors but also position themselves as attractive investment prospects, leveraging sustainable practices as a catalyst for long-term financial growth and resilience in an increasingly competitive market.

Crafting a Compelling Narrative

Amidst the deluge of information in the digital sphere, storytelling remains a powerful tool for businesses to establish their brand identity and resonate with their target audience. In the fintech industry, sustainability serves as a compelling narrative, showcasing a company’s commitment to not just financial success but also societal well-being. By weaving sustainability into their brand story, fintech businesses can build meaningful connections with customers and stakeholders, cultivating a sense of shared purpose and driving engagement through a narrative that resonates on a deeply human level.

Forging Transformative Partnerships

Fintech companies that embrace sustainability do not just revolutionize their internal operations; they also forge transformative partnerships throughout the industry. By prioritizing sustainability in their supply chain management and collaboration with stakeholders, fintech enterprises can cultivate strategic partnerships based on shared values and a mutual commitment to driving positive environmental and social change. These partnerships transcend transactional relationships, fostering collaborative innovation, and propelling collective growth within the fintech ecosystem.

Leveraging Data for Sustainable Growth

In the fintech industry, data serves as a powerful compass for driving sustainable growth and operational efficiency. By harnessing data-driven insights on carbon footprints, energy efficiency, and consumer behavior, fintech enterprises can uncover untapped opportunities for sustainable innovation and market expansion. Leveraging data as a tool for sustainable growth allows fintech companies to stay ahead of emerging trends and evolving consumer preferences, driving continual innovation and positioning themselves as leaders in the pursuit of sustainable financial solutions and services.

Elevating the Bottom Line with Sustainability

As the fintech landscape continues to evolve, sustainability is no longer just an addendum to business operations but a fundamental driver of holistic success. By embracing sustainability as a core business value, fintech companies can pave the way for enduring economic prosperity, societal relevance, and operational resilience. In the ever-evolving financial ecosystem, the integration of sustainable practices positions fintech businesses at the forefront of change, where the pursuit of sustainable solutions isn’t just a chapter in their story but the overarching narrative that shapes their legacy and drives sustainable financial growth and innovation.

In the narrative of modern fintech, businesses will be remembered not merely for their financial achievements but for their enduring commitment to sustainable practices. As the fintech industry continues to evolve, the embrace of sustainability isn’t just a strategic choice but an indispensable pillar that underpins long-term success, resilience, and social impact. Welcome to the era where sustainable practices don’t just define the future of fintech; they pave the way for a more prosperous, resilient, and sustainable financial landscape.



Narisa is a former professor at the London School of Economics who has set up a  socially conscious business called KogoPAY. She is also the only woman of ethnicity to become an industry leader in the fintech sector. KogoPAY provides banking services IBANs accounts for B2B and mobile e wallet and c wallet for P2P customers. Focused on philanthropy, Narisa has set up KogoPAY to be inclusive, support the unbanked, underserved and create an ecosystem that is more than just a conventional business turning profits. Her platform is designed to promote financial inclusion by instilling a ‘’Pay it Forward’’ culture within the DNA of her company’s ecosystem.

Her Awards include: Women in Tech Global Award winner- Start up 2019 | WinTrade Global Award winner 2021- Women in Banking & Finance | Winner Go Global Award 2021 – Fintech.


Revolutionizing Risk: Innovative Derivatives to Support the Evolution of Commercial Space




By Grant Gryska, Co-Founder and Director of Markets at Allocation.Space


The space economy continues to expand rapidly, crossing $500bn in revenue in 2022, 78% of which came from the commercial sector[1]. Major developments like the successful test launch of SpaceX’s massive Starship are set to radically change the cost of getting mass to orbit, unlocking new possibilities for business in space.

This growing market presents outsized opportunities for investors, insurers, and businesses. But, as enterprises extend their reach beyond Earth’s atmosphere, risk management tools must evolve to meet the new and unique challenges they face. A new generation of derivative instruments is emerging to support the commercial space sector while complementing traditional insurance models.

A Paradigm Shift in Risk Management

Traditionally, space ventures were funded by governments and international space agencies — institutions that were able to absorb risk and ignore bottom-line concerns. The arrival of private space companies such as SpaceX, Vast, and Blue Origin represents a material shift in the trajectory of commercial space. National interest is no longer enough; space ventures must also turn a profit, which means managing risk. These enterprises are pushing the boundaries of what is possible, requiring a comparable evolution in financial tools to support their endeavors.

Grant Gryska

We’re now seeing a new generation of companies building platforms to host derivatives that enable enhanced risk management for the space industry. By hosting these products on a Swap Execution Facility (SEF), the aim is to bring pricing transparency and efficiency to the sector via a centralized venue. Unlike traditional insurance, which often relies on predefined policies and premiums designed to mitigate specific critical loss, swap contracts do not require proof of any actual loss or attribution, broadening the universe of potential participants in this growing market.

Derivative Instruments for Commercial Space

Derivative instruments tailored for the commercial space sector will help mitigate risks and enhance financial flexibility as the barriers to entry come down and competition increases.

  1. Space Weather Derivatives (SWDs): With satellite anomalies demonstrating a 74% correlation[2] with geomagnetic disturbances caused by the solar wind, these products will become invaluable in managing revenue loss due to these disruptions. SWDs will ensure a smoother execution of space missions and terrestrial applications such as power grid management.
  2. Space Derivative Contracts (SDCs): SDCs allow investors and companies to hedge against price fluctuations in space-related assets. Whether it’s fuel, space-based resources, or payload rate indexes across launch platforms and locations, these products provide a means to lock in prices, offering stability in an otherwise volatile market.
  3. Space Options (SOs): Like traditional financial options, SOs provide the right, but not the obligation, to buy or sell a space asset at a predetermined price and time. This allows investors to capitalize on favorable market conditions while limiting downside risk.
  4. Space Risk Swaps (SRS): SRSs enable entities to exchange or transfer specific risks associated with space activities. For instance, a satellite operator concerned about launch delay or orbital debris may enter an SRS with a risk-taking party, effectively transferring the risk to them. These products diversify risk and encourage collaboration among industry players providing complementary services like debris mitigation.

Complementing Traditional Insurance: Bridging the Coverage Gap

While traditional insurance remains a fundamental component of risk management, derivative instruments offer a more nuanced approach targeting the risks to revenue. These products provide a level of risk granularity that traditional insurance may lack or be unable to cover economically, which has left 99% of LEO (Low Earth Orbit), and 73% of MEO (Medium Earth Orbit) and GEO (Geostationary Orbit) satellites uninsured on orbit as of 2022[3]. This is crucial in an industry where risks to launch platforms, satellite technologies, and commercial objectives can be highly specific and variable.

The Future of Space and Derivative Instruments

There’s a growing cluster of companies looking to transform the financial products and venues supporting the commercialization of space. The derivative instruments being developed with the help of space industry players will provide a forward-looking and adaptive approach to risk management for space, complementing traditional insurance models.

As the commercial space sector continues its trajectory beyond Earth, these innovative financial tools will play a pivotal role in ensuring a robust and resilient financial ecosystem for companies participating in the space economy.



[2] Choi, H. S., J. Lee, K. S. Cho, Y. S. Kwak et al., 2011, Analysis of GEO spacecraft
anomalies: Space Weather relationships
, Space Weather, 9, S06001.


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2024 Payments Predictions




Alan Irwin, Vice President of Product & Solutions Europe, Global Payments:

Open banking in 2024 will be all about the consumer 

“2023 has been a huge year for open banking adoption, surging 68.2% from the previous year to hit 4.2 million users in the UK in July. Open banking enables consumers to provide third-party providers (TPPs) with secure access to their payments account, meaning that payments can be made through these TTPs directly from their payments account and without the need for cards.

“With more people using open banking for payments, in 2024 consumer expectations of open banking are likely to increase dramatically. Consumers will demand higher levels of speed, convenience, and security around open banking as a payment method. As a result, there will be a renewed focus on the availability and performance of APIs and user interfaces. Without improving these features, TTPs will see growth in open banking payments stagnate and even struggle to compete with digital wallets and standard cards.

“2024 will also see a stronger emphasis placed on consumer protection from fraud and scammers. With £239.2 million lost to authorised push payments (APP) fraud in the first six months of 2023, security is front of mind for businesses and their customer bases. A key differentiator for open banking and card payments is the liability protection offered by cards through the disputes and chargeback processes. Merchants and consumers alike want the power to protect themselves with tools and processes to limit financial exposure. As such, to grow in the coming year, TTPs will need to develop and implement enhanced risk and fraud prevention tools to help drive confidence in the payment channel and mitigate concerns around exposure.”

Competition between old and new banks will intensify around convenience

“Growth in consumers’ desire for a financial ‘super app’ experience will put a great deal of pressure on traditional financial institutions and increase competition between neobanks and legacy banks in 2024. A financial ‘super app’ is a single mobile application that can be used to manage all aspects of your financial life, including services that range across savings, investments, mortgages, and payments, for example.

“Neobanks, such as Revolut, are creeping into ‘super app’ territory: providing a range of services, from shopping discounts and savings pockets to instant currency conversions and stock investing, all on a single mobile application. So far, these developments are almost exclusively in the consumer banking space. However, in 2024 we will see the neobanks push their payments offerings further up the value chain into the B2B world, challenging traditional banks on another front.”

Ecommerce checkout enhancements

“In 2024, payments providers and their clients will place a fresh emphasis on customer experience, as demand for convenient and slick payment processes continues to increase. Currently, 69.57% of online shopping carts are abandoned and less than one fifth (17%) of retail, leisure and hospitality transactions are made through digital wallets, showing that much more needs to be done to offer smoother payment infrastructure online and in-store. As such, in 2024 businesses will focus on customer experience as a means of increasing customer loyalty and slashing cart abandonment rates in the process. Moving away from slow, clunky payment experiences to offer customers the ability to pay for something with a few clicks through biometrics, which allow customers to pay with a simple face or fingerprint scan, and digital wallets, which store customer payment information, is the primary method that businesses should be using as we approach the new year to tackle this issue.”

Data Storage and Keeping Customers On-Site

“Providing a top-quality payments experience will go hand-in-hand with ensuring that consumers feel safe at the checkout, especially with soaring cybercrime. In 2024 we’re likely to see more use of card data storage and tokenisation to further reduce cart abandonment rates as they allow consumers to store their card details for future use, making their next purchase at the ecommerce store much faster. Network tokens in particular, which are tokenised payment details saved for a specific card and merchant pair, drive higher approval rates for merchants and offer a more secure form of payment than raw card data entry. In addition to this, continuously updating customers’ card data further reduces friction in the checkout and drives better cart conversion.

“What’s more, customers are also put off payments when they are redirected to another (3rd party) site to complete it, as it is unfamiliar to the rest of the checkout process, often doesn’t carry the merchant brand and thus deemed insecure. Therefore, reducing site changes as much as possible and using clear branding and UX to ensure customers are aware that they’re still on this same site is key to instilling a sense of security. Similarly, real-time data validation built into the payment form can prevent bad data from being entered in the first place, such as invalid PAN, expiry date, or security code, as well as keeping out bad actors from spamming through card data en masse.”

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