Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

TOM Group to Invest in ESG Technology Platform MioTech

TOM Group Limited, is pleased to announce that it has entered into an agreement to make a follow-on investment in MioTech, a Hong Kong/China based artificial intelligence platform which provides comprehensive ESG solutions to financial institutions and listed companies in the Greater China region using cutting-edge machine learning and natural-language processing technology. TOM Group first invested in MioTech in March 2020.

MioTech is an expert in ESG technology, data and analytics in Asia. Its platform provides ESG data, real-time risk monitoring, ESG ratings, indices, as well as research and consulting services to institutional clients. MioTech uses artificial intelligence to process massive amounts of unstructured data and combines it with supply chain, shareholding, investments as well as other alternative datasets to form a comprehensive picture of corporates’ social responsibility performances.

Recommended AI News: qReveal Launches Affordable QR Code Menu and Price List Solution

In a world that faces growing challenges from climate change and social issues, ESG has become a critical focus among the investment community, as an integral part of evaluating a company’s business sustainability, corporate image, and ability to create positive value for employees, investors and society at large. The radical impact the outbreak of COVID-19 has had on global economies has bolstered this sentiment, acting as a catalyst, and calling attention to the need for an alternative approach to investing. The need for ESG indices, ratings as well as nonfinancial data associated with how companies deal with high impact social and environmental risks that can have a similar effect to the COVID-19 crisis has become more and more evident as a means to measure the ability for companies to manage such crises – something that traditional financial forecasting models cannot evaluate. Regulatory requirements have also recognized the importance of ESG and Sustainable Finance in recent years, with HKEX ruling to make ESG disclosure mandatory to all listed companies in 2020.

Related Posts
1 of 12,599

Recommended AI News: Wondershare Recognized as an Industry Leader in the G2 Crowd Fall 2020 Reports

“The investment in MioTech is in line with our strategic pivot to focus on technology-centric, data-driven and high growth potential sectors. Not only will our continued investment in MioTech enrich our existing investment portfolio in fintech and advanced data analytics, but it will also allow us to explore possibilities of operational synergy within our Group. Our flagship knowledge platform in Taiwan, Business Weekly, has already been working with MioTech to generate new business opportunities, which have arisen from the growing need for ESG products and services in the Greater China region,” said Ken Yeung, CEO & Executive Director of TOM Group. “The Group’s decision to make a follow-on investment is a strong vote of confidence for the long-term potential of MioTech, as a leading AI Provider in the ever-growing ESG space.”

“MioTech has formed a strong partnership with TOM Group since the beginning of this year,” said Jason Tu, CEO and Co-founder of MioTech. “With this continued investment, TOM Group’s expertise in the region will further strengthen MioTech’s market presence.”

Recommended AI News: Nuventive Improvement Platform Now Available in the Microsoft Azure Marketplace

Leave A Reply

Your email address will not be published.