ESG reporting technology provider Diginex has received funding from the Hong Kong government to expand its artificial intelligence-driven functionality to help financial institutions meet sustainability compliance obligations.
The investment of an undisclosed sum follows the company’s US$2 billion acquisition of AI-driven data management and customer engagement business Resulticks Global Companies early in June.
Diginex said its expanded AI features will streamline ESG reporting processes. It will be “jointly developed with a leading financial institution through a co-creation collaboration model promoting commercialisation and wider adoption,” the company said.
The technology is built to enable compliance with regulations based on the Sustainability Standards Board (ISSB) and International Financial Reporting Standards (IFRS) frameworks.
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