Product: Fils
Company: Fils
Fils launched a fintech platform designed to help global businesses integrate sustainable values into digital payments. The company's B2B2C platform is intended to build trust and help buyers and suppliers re-balance the planet, according to Nameer Khan, chairman at Mena Fintech Association and founder of Fils.
"Fils is a catalyst for the evolution of ESG [environmental, social and corporate governance] enforcement and has the right team, technology, experience and expertise to lead the market," he said. "With our robust infrastructure, it spells the end of greenwashing and clears a path toward greater accountability and implementation of actionable outcomes that can improve the sustainability of the world we live in."
Khan went on to say that Fils created a digital ecosystem designed to connect payment infrastructure, organizations, impact makers and consumers. These capabilities help organizations increase sustainable practices and receive digital payments faster, easier, more securely and with greater transparency.
Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages leading technologies end to end across its core infrastructure and can be adapted to numerous industries and use cases, including financial services, hospitality, and ecommerce, Kahn noted. Participating organizations can embed Fils assets into their solutions to act on and comply with core values of ESG, he added.
Khan indicated that additional partnerships with leading enterprises are currently in development. Fils' unique pillars of technology, he added, can potentially transform ESG acceptance, deployment and best practices through its API-first digital payment infrastructure, which makes sustainability a lifestyle and can be easily embedded into platforms across sectors.
The launch of Fils came ahead of COP28, where representatives from the world's leading nations met to address the global climate crisis, emphasizing that this is a pressing issue that can no longer be ignored. Kahn noted that numerous firms have yet to incorporate climate action into core operations and transactions. ESG values are here to stay, and consumers and investors are demanding greater transparency and social responsibility from businesses, he added.
Companies across all industries are increasingly looking to align their ambitions with ESG principles and pursue opportunities that offer long-term societal benefits and business growth, and Fils aims to address these issues, he stated, adding that Fils is already tackling ESG implementation challenges head-on to help businesses promote a sustainable future.
Kahn further noted that to achieve true sustainability, individuals, enterprises and governments must look beyond climate-neutral policies and support society's most vulnerable, namely, the financially excluded and those most impacted by global disasters.
Fils is an enterprise-grade digital infrastructure that enables businesses of all sizes and industries to embed sustainable practices and climate action into their business models and customer journeys. Leveraging the latest, groundbreaking fintech innovation, Fils fintech aims to transform the business landscape and bring about a better world for all—with every transaction to every action contributing to a thriving planet.
Pointing out that Fils partners can estimate carbon emissions for specific transactions using the company's API, Khan said this applies to flights and rides as well as products and shipping, all providing insights into the carbon intensity of common actions. Offering this information will enable customers to understand their environmental impact while fostering a culture of sustainability and informed decision-making, he stated.
The company pointed out that partnerships with leading financial services brands have furthered Fils' mission and supported its growth as it continues to innovate and invest in carbon credits for impactful change. Fils representatives affirmed the company's commitment to work with verified carbon projects, embed sustainability into digital payments infrastructures and make it easier for any institution to help create a better future. 
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