XTCC, a specialist in tradable financial instruments linked to high-integrity carbon credits, has formed a strategic partnership with Finmaal, a leading e-marketplace service provider focusing on FinTech and InsurTech solutions.
The collaboration aims to provide Finmaal customers the option to offset greenhouse gas (GHG) emissions directly associated with the Finmaal products they purchase. This initiative marks a significant advancement in the integration of sustainability within financial services.
XTCC excels in the global carbon market and has extensive experience in crafting financial products supported by high-quality carbon reduction projects. Their expertise will be instrumental in developing accurate offset calculations and products accessible to Finmaal’s diverse customer base. Meanwhile, Finmaal operates as a premier e-marketplace focused on delivering cutting-edge financial and insurance technology solutions. They excel in leveraging advanced technology and customer engagement strategies to enhance user experiences and offerings.
This partnership aligns perfectly with XTCC’s mission to embed environmental sustainability into financial solutions, enabling individuals and businesses to actively reduce carbon footprints. By leveraging Finmaal’s advanced technology and customer engagement strategies, this collaboration ensures that users are well-informed and equipped to take advantage of the carbon offset opportunities available.
XTCC CEO, Seth Elliott, expressed enthusiasm about the partnership: “We’re thrilled to partner with Finmaal, a company that shares our commitment to sustainability. Through this collaboration, customers purchasing financial products, such as insurance and banking, will now have the option to offset their estimated carbon emissions during the transaction.
“This integration not only allows customers to see the specific impact of their choices but also empowers them to neutralise their carbon footprint more effectively. This partnership is an important step in XTCC’s strategy to enhance the inter-relationship between capital markets and the natural world.”
Finmaal’s CEO, Muhammad Ashfaq-Ur-Rehman, also commented on the collaboration: “As an ethical and innovative company, Finmaal is excited to partner with XTCC to offer our clients a straightforward way to contribute to global sustainability efforts, linked directly to their financial products and services. For example, we will be able to estimate a vehicle’s annual carbon emissions over time and give purchasers the option to offset these at the point of sale. This is more than just ticking a box; it’s about offering tailored, actionable steps toward carbon neutrality, integrated into the financial services they already use.”
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