Going green

Assessing the carbon footprint of fintech and looking to the future.

Paul Penrose Head of Research at Finextra

Green is good

Organisations that are tempted to cut back on green PC initiatives as part of wider IT cost-cutting efforts may find themselves out of pocket in the near- to mid-term, according to Gartner. For most companies, being green actually saves money and alleviates some of the pressure on IT budgets, says the analyst house. Here at Finextra, we'll be exp...

08 April 2008 /retail /wholesale

Retired Member 

Mobile phone transactions and authentications are 'green'.

In the search for ways to lower your institution's carbon footprint - mobile phone transactions and mobile ID verifications are a winner. Your customers already have a mobile and they are being purchased and swtched on whether or not you let your customers use them for ID verification and transactions. Some of the energy and resource savings delive...

31 March 2008 /retail

Paul Penrose Head of Research at Finextra

Finexpo goes green

No sooner have we closed the doors on our annual capital markets conference Finexpo – City Technology Strategies, than we’re opening registration for a new event, Finexpo – Green City. It’s part of a strategy to extend the Finexpo brand to encompass new markets and deliver more focussed market intelligence through our growing events portfolio. Fin...

11 February 2008 /retail /wholesale

Retired Member 

Serious about cutting emissions? Start with what you drink!

Most people know that bottled water is a rip-off. Anyone for volcanic spring water from New Zealand at £21 for 42cl? There is in fact nothing wrong with tap water. But worse still is the energy and materials used to produce the bottles, many of which are used once and not recycled. The Observer at the weekend reported: it takes 162g of oil and ...

11 February 2008

Retired Member 

Dollar 100 oil a barrel, banks for financing opportunities

At US$ 100 oil-a-barrel lots of opportunities can be visible. Every alternative energy / research project on earth was looking expensive at $28 or $36 or $46. But what about $ 60-70-80-90 and now intermediately at $100? Prices are varying everyday and how long one should wait? Do Banks have alternative energy divisions? Has anything done beyond r...

15 January 2008 /regulation /wholesale

Retired Member 

Work out your carbon footprint with Google

There's a curious installation in Trafalgar Square here in swinging London at the moment. No - not that rubbish statue on the fourth plinth - no this one looks like a small house (1 Carbon Drive) but inside are some interactive displays designed to help get the energy-saving message across. Worthy and some fun but we found it all a bit slow and pa...

07 December 2007

Paul Penrose Head of Research at Finextra

PNC patents the environment

Watch out banking eco-warriors, PNC Financial Services in the US has patented the term 'Green Branch', with reference to its network of 40 environmentally-friendly bank branches across six states. The Pittsburgh-based bank claims to have more certified, environmentally-friendly buildings than any other company on earth. "Consumers want to do ...

13 November 2007 /retail

Retired Member 

Hosting customers willing to stump up cash to be greener

A survey by hosting company Rackspace shows that 62 percent of respondents are concerned and are either acting already or looking at ways of reducing the impact they have on the environment. The rest presumably don't care. Shame on them. Just over half are willing to pay 5 to 10 percent extra for a "green" option and around the same are ...

24 October 2007

Elton Cane Digital product delivery at News Corp Australia

EBPP moves with the times; jumps on green bandwagon

US payments industry association NACHA has formed a 'green coalition' with a number of leading US banks to 'educate consumers' about the environmental benefits of electronic bills and statements over paper-based equivalents. I should have thought that connection would be rather obvious. Less paper = less dead trees = less CO2 in atmosphere etc. But...

20 September 2007 /retail

Retired Member 

Finextra goes green

Or at least a step greener.... We moved our hosting recently to Rackspace and I was intrigued to see a tick box on the order form to plant a tree to offset the carbon produced by the server. Apparently two to three hundred trees a month are being planted - and ours is one of them.

02 August 2007