FinTech can act as a promoter of green financial markets and a sustainable lifestyle itself, using concepts of circular economy as it encourages accountability in consumption and production, helps lift the lower-income households out of poverty and supports gender equality. Upcoming financial technology can give rise to ‘Green FinTech’ using blockchain, big data and the Internet Of Things (IoT). Novel financial tools are necessary to reduce cost and simultaneously raise more capital at the optimum scale and rate. Green Finance (sustainable/ environmental finance) refers to any financial activity which aims to connect environment conservation with the financial industry.

It is a ‘financial innovation’ to address the growing needs of environment protection with reference to financial tools created to promote, develop and support causes like greenhouse effect and environmental pollution. Futurize launched Fintech Fuel, a Startup Competition and Hackathon, where students and recent graduates from UK universities were able to form teams and pitch ideas centered around leveraging financial technology and contributing to the UN’s Sustainable Development Goals (SDGs).