Challenge Fintech for Tomorrow – Results 2018
Leverage digitalisation to accelerate the financing of the energy and ecological transition
Sustainable development and the fight against climate change require quick and concrete solutions. The Paris Agreement has put finance at the heart of these issues. The UN estimates the financing needs to reach the Sustainable Development Goals (SDGs) at $ 5,000 billion a year. Faced with the magnitude of the challenges, pioneering players in the financial sector have committed to reorienting capital flows. It is also essential to mobilize our capacity to innovate, to imagine solutions and to scale up. Paris has a strong fintech ecosystem. We should aim to deploy these technologies to mobilize financing for the energy and ecological transition.
Finance for Tomorrow and ADEME, the state’s key operator for the ecological and energy transition, launched the “ Challenge Fintech for Tomorrow” to reward solutions able to transform financial sector practices and reorient capital flows. The aim is to identify, support, and promote a pool of innovative projects. Leverage digitalisation to accelerate the financing of the energy and ecological transition.
Discover the laureate and the other projects selected for this first edition of the Challenge, as well as the special mention of the Jury!
Laureate : Descartes.Underwriting
The Descartes.Underwriting team brings unique expertise in the analysis of advanced meteorological data. By improving insurance services, this solution will be able to protect populations that are increasingly vulnerable to natural disasters and will participate in the evolution of obsolete business models in the face of new climate risks. The Committee selected Descartes.Underwriting to support an innovative project that connects the insurance market with Big Data analysis to invent the insurance of tomorrow, essential in a world in upheaval.”
Special Mention : Origins.Earth
Origins.Earth provides an effective solution for creating thebmissing links between sustainable finance tools and urban projects that have a huge potential impact for the ecological transition, notably by promoting the reduction of energy consumption of buildings.”