New correspondent financial services provider Elemental to sponsor tve sustainability film award

Newly established financial services company Elemental, whose mission is to improve the availability of vital correspondent services' for banks in developing countries, is sponsoring the Judges' award at the annual tve Global Sustainability Film Awards together with Fastflow Group.

Our aim - to help strengthen local businesses in developing countries and ultimately to support their sustainability - chimes well with the themes of equality and sustainability that are celebrated in the tve awards, so we re delighted to be highlighting our exciting new venture through this sponsorship,' says Elemental's founder, Luis Koberg, who will present the award.

Correspondent services underpin international trade, remittances, and financing of humanitarian work, but over the last decade, global banks have limited their operations in order to comply with regulations designed to curtail money-laundering and terrorism financing,' explains Luis. As a consequence, emerging nations have often become disconnected from the global payment tools that are essential to receiving payments for exports and to pay for imports, fuelling increased dependence on foreign aid, indebtedness, lack of job creation and lack of capital goods to aid productivity.

Elemental will provide a desperately needed lifeline to several thousand banks which have been orphaned' by traditional global institutions.'

Luis will announce the winner of the Judges' award during the Awards ceremony at BAFTA on Monday 26 November. The film winning the award has been selected, by the judges, from among the films shortlisted in the five competitive categories.

Notes to editors:

Elemental is sponsoring the Judges' award. Elemental is a financial services company whose mission is to provide correspondent services in GBP, EUR and USD to banks in developing nations. These banks have suffered the impact of de-risking (closure of accounts) by traditional global banks. www.elemental-financial.com

The tve Global Sustainability Film Awards are organised annually by the charity tve. The film competition recognises companies and institutions whose films most powerfully portray solutions for sustainability. This year's competition has attracted 42 entries. For the third year running we are focusing on the UN Sustainable Development Goals, which set ambitious targets for world development: eradicating poverty and hunger; ensuring good health, quality education and gender equality; and setting targets for affordable and clean energy, climate action and responsible consumption and production. The president of the 2018 Awards is Claudine Blamey, group head of corporate responsibility and sustainability at Sainsbury's. gsfa.tve.org

tve is the non-profit based in London that organises the Awards. It creates and enables others to create powerful, effective communications about the environment and sustainable development. Through film, animation, documentaries, debates and social media, the media charity reaches global audiences, giving a voice to a new generation committed to a greener and fairer world. The Awards are tve's main annual fundraiser. www.tve.org

Fastflow Group is the Awards' main sponsor for the fourth year running. The company provides infrastructure maintenance and improvement services to Northumbrian Water and Scottish Water, FTSE top 100 company National Grid and Cadent Gas, and Housing Associations A2Dominion, Catalyst Housing, Southern Housing, Karbon Homes and Midland Heart. It delivers planned and responsive repairs for housing associations owning around 200,000 homes across the south of the UK. A recent addition to the business - County Durham and Derbyshire based Partner Group - designs and builds homes for housing associations and major asset owners across the UK.

Fastflow Group embraces the strategic, competitive advantages of a sustainable business model and conducts its business ethically, thereby establishing and maintaining long-term relationships to make a positive contribution to society. www.fastflow.co.uk

Sky has partnered with tve to launch the Beyond plastic category this year. Last year Sky News won the Press Association award for environmental storytelling, for its documentary A Plastic Whale'. Through Sky Ocean Rescue, Sky is using its voice and potential reach to inspire simple, everyday changes to stop the oceans from drowning in plastic. Since January 2017 millions have engaged with Sky Ocean Rescue and Sky has ambitious plans for future engagement. As a business, Sky is committed to leading by example and transforming its own business by eliminating all single use plastics from its operations by 2020. It is encouraging and supporting innovation to develop solutions through Sky Ocean Ventures and is working to influence others to take action. Sky Ocean Rescue forms part of the Bigger Picture which also inspires the new generation through the power of sport, and invests further in creativity and diversity in our industry to make a difference.

Grace Bian is Awards vice-president for the third year running, and chair of the China International Culture Stock Exchange. Grace has created two new categories for the 2018 Awards: AI: empowering the future and Global digital futures. An inventor with 73 intellectual property rights in her name, Grace focuses on the potential of smart cities to transform society through projects like mobile hospitals and smart health villages. Grace jointly owns a research and development centre with the China Academy of Sciences and is an economic advisor for the Chinese government. She is currently engaged in setting up platform technology for blockchain and cryptocurrency, aiming to improve the economic cycle in a way that better serves societal needs, and manages a team in Singapore which has completed 40 Initial Coin Offerings

LINK:	http://tve.org/2018/11/23/new-correspondent-financial-services-provide...
	See more stories from tve

Most recent headlines