That is why my focus today will be on how FinTech companies can act as enablers of a greener financial system. 2 FinTechs can be enablers … 2.1 … by collecting climate-related data First, FinTechs can facilitate the collection of data. Currently, climate-related data is often not readily available.
This typically leads to high search costs as investors and banks have to do their due diligence. In fact, the relevant data may not even be identified at all. As a result, climaterelated risk is not priced adequately. Innovative solutions could help to identify and collect the necessary and relevant climate-related data.