Happiest Minds Collaborates with CredQuant to Accelerate ESG Transformation in BFSI Industry

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by KnowESG

Happiest Minds Technologies has partnered with CredQuant, Singapore's leading ESG solution provider for Banking, Financial Services and Insurance (BFSI) customers, to leap digitally into data, risk, and regulatory complexity, empowering clients to make sustainable investment decisions.

This partnership with CredQuant will support BFSI customers with ESG (Environmental, Social, and Governance) Screening, ESG Rating Models, Sustainability Disclosures & Reporting, Impact Reporting, and Carbon Footprint (Scope-1/2/3).

Furthermore, the partnership intends to implement, configure, and customise the ESG Screener to a cloud lending/underwriting/claims management solution; create a customised ESG report of prospective customers to obtain real-time connectivity to cloud lending and integration with external and internal systems.

Rajiv Shah, executive board member & CEO, Digital Business Services (DBS), Happiest Minds Technologies, said:

"At Happiest Minds, we are committed to driving sustainable transformation with target-based actions. One of the vision statements of the Company is 'to be known for our ESG standards. The alliance with CredQuant is a step ahead in Happiest Minds' ESG journey, wherein our BFSI customers will be poised to accelerate their digital transformation through the ESG-lens, propelling their sustainable agenda. We look forward to a futuristic journey together with our added capabilities to follow a compliance-led and resilient ESG strategy in building innovative and sustainable business solutions."

The collaboration will aid in the development of ESG—Enterprise data hub/data management in the cloud; provide ESG as IaaS, which will include edge computing; cache; high availability, containerisation, auto-scaling; monitoring and alerting operational intelligence; and post-implementation support and managed Services.

This will assist BFSI customers in integrating ESG concerns and factors into core business operations, assessing ESG data on carbon footprint, GHG emissions, aligning the ESG framework with TCFD, SASB, and EU regulations; reporting ESG risk across the enterprise, and providing transparency in reporting to the investor community.

Happiest Minds Technologies promotes digital transformation for businesses and technology providers by providing seamless consumer experiences, increased company efficiency, and actionable insights.

Source: Business Standard

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