Verifoxx Recognized as Winner in FinTech Scotland's ESG Innovation Call

October 2024 Verifoxx, a UK company specialising in privacy-enhancing technologies (PETs), is proud to announce its selection as a winner in FinTech Scotland's "Shaping the Future of ESG in Financial Services" innovation call. This initiative, launched in June 2024 as part of the Financial Regulation Innovation Lab (FRIL) in collaboration with the University of Strathclyde and the University of Glasgow, aims to tackle critical data and technology challenges to enhance the integration of Environmental, Social, and Governance (ESG) factors in the financial services sector.

Verifoxx was recognized for its innovative data query engine that enables industry stakeholders to query datasets of investees, borrowers, or assets to gain visibility on verified financed emissions. This solution allows organizations to access essential ESG data without compromising data privacy, ensuring that sensitive information remains secure while facilitating informed decision-making.

"We are so proud to be selected as a winner in this prestigious innovation call," said Roisin McCarthy, CEO of Verifoxx. "Our solution addresses the critical need for accurate and verifiable ESG data from source in financial services. By enabling secure data queries, we empower financial institutions to fulfil their ESG reporting obligations. 

The innovation call attracted numerous fintech companies, each presenting solutions to enhance ESG integration in financial services. Verifoxx's selection underscores its commitment to advancing secure and privacy-preserving technologies that support sustainable finance initiatives.

Nicola Anderson, CEO of FinTech Scotland, commented: "The response to the 'Shaping the Future of ESG in Financial Services' innovation call has been outstanding. The level of engagement from both the fintech community and our Challenge Partners highlights the importance of collaboration in driving meaningful change. We are excited to see how the winning solutions will shape the future of ESG in financial services."

For more information about the innovation call and other winners, please visit FinTech Scotland's official announcement here. Notes to Editors:

For media inquiries, interviews, or further details, please contact: PR@verifoxx.com

About Verifoxx:

Verifoxx is a UK-based company specializing in privacy-enhancing technologies (PETs) that enable organizations to collaborate on data without it ever leaving its owner. By enabling secure and compliant data collaboration, Verifoxx helps businesses innovate, share, and analyze sensitive information with confidence. Our mission is to ensure that privacy is a tool for progress, not a barrier, empowering industries to harness data securely while meeting regulatory requirements.