Nameer Khan, chairman of the MENA Fintech Association, has taken a step towards sustainable finance with the launch of Fils. This fintech platform aims to empower payment companies by integrating Environmental, Social and corporate Governance (ESG) values into their operations.
Based in London and Dubai, Fils provides a digital infrastructure that weaves sustainability into the fabric of digital payments infrastructure. This technology enables global businesses to monitor their environmental impact and to mitigate it using carbon credits. The platform also offers reporting capabilities.
Its technology can be implemented across various industries, ranging from financial services and hospitality to ecommerce.
In a statement on the launch of Fils, Khan expressed his confidence in the platform’s potential impact. He said: “Fils is a catalyst for the evolution of ESG enforcement and has the right team, technology, experience and expertise to lead the market.
“With our robust infrastructure, it spells the end of greenwashing and clears a path towards greater accountability and implementation of actionable outcomes that can improve the sustainability of the world we live in.”
The launch of Fils comes ahead of the COP28 UN climate conference in Dubai, set to commence on November 30. The annual conferences are held to negotiate and agree action on how to combat climate change, reduce emissions and address global warming.