Green FinTech Development
AI-Powered methodology to support sustainable finance in real estate sector
14 November 2023
MAS announced a Minimum Viable Product (MVP) to assist banks in tapping on AI when issuing Sustainability-Linked Loans in the real estate sector. The MVP was developed by the Project NovA! consortium which has concluded the first phase of its work. The NovA! consortium also published a whitepaper which documents the methodology used in the MVP system.
- MAS media release, published on 14 November 2023, on NovA! MVP
- Speech by Senior Minister of State, Ministry of Communications and Information & Ministry of National Development, Mr Tan Kiat How, “Singapore's National AI Programme in the Real World”, delivered on 14 November 2023, at the Project NovA! Launch Event
Launch of Gprnt - Digital Platform for Seamless Environmental, Social, and Governance (ESG) Data Collection and Access
16 November 2023
MAS launched Gprnt, an integrated digital platform that harnesses technology to automate and simplify how businesses report their basic ESG data. Gprnt is the culmination of MAS’ Project Greenprint and streamlines how the financial sector and real economy collect, access and act upon ESG data to support their sustainability initiatives. Gprnt is launching in phases across 2024 and will focus initially on automating basic climate reporting by SMEs. In time, Gprnt will progressively scale its capabilities to support the climate-related disclosure needs of larger corporates.