Singapore-based fintech MVGX launches a subsidiary, MVGX Tech, specializing in carbon Software-as-a-Service (SaaS) products and services, led by former BSI executive Frank Zhang. The subsidiary’s Carbon Connect Suite offers carbon measurement, reporting, and verification, along with other carbon-related features to enhance sustainability reporting and compliance.
Facts
- MVGX establishes MVGX Tech as a subsidiary focusing on carbon SaaS products.
- Carbon Connect Suite offers carbon measurement, reporting, verification, decarbonization rating, carbon credit development, issuance, listing, registry, and trading infrastructure.
- Proprietary Non-Fungible Digital Twin (NFDT) ensures an auditable, transparent carbon data trail.
- Collaboration with ISO certification bodies like BSI and TÜV-SÜD.
- Aims to provide companies with a better understanding of the sustainability journey and compliance with carbon reporting regulations.
- Frank Zhang, with fintech and sustainability experience, becomes president of MVGX Tech.
- Zhang’s extensive background in IT, banking, insurance, management consulting, and marketing.
- Previously managed Greater China for BSI.
- MVGX Tech’s goal: assist companies in measuring, managing, and reporting carbon footprint, meeting regulatory requirements and shareholder demands for climate responsibility.
