Winning the Financial Regulation Innovation Lab (FRIL) is more than an accolade—it is a transformative milestone that accelerates innovation, deepens strategic partnerships, and underpins the development of breakthrough ESG data solutions. Funded by UK Research and Innovation (UKRI), this achievement empowers CienDos to work hand in hand with Tier 1 banks and other strategic partners, driving forward the future of sustainable finance.
Strategic Collaboration with Industry Leaders
Winning FRIL has solidified our strategic partnerships with key players in the financial services sector. Collaborations with Tier 1 banks and industry stalwarts such as Equifax, Virgin Money, and HSBC are at the heart of our initiative. By integrating CienDos’ advanced environmental data methodologies with the robust risk and credit frameworks of our partners, we are co-creating products that deliver actionable insights for sustainable financial decision-making. This collaborative ecosystem ensures that our solutions are not only innovative but also fully aligned with regulatory requirements and market needs.
Moreover, the FRIL programme has fostered vital academic and industry relationships, working closely with institutions like the University of Strathclyde and the University of Glasgow to validate our methodologies and support our commitment to quality, traceability, and auditability in environmental data.
Economic Impact and Future Growth
The FRIL grant has not only expedited product innovation but also paved the way for significant economic benefits. With accelerated development cycles and streamlined processes, our solutions provide substantial productivity gains for financial institutions. For example, our Financed Emissions Calculator reduces a multi-week task to just a matter of days, freeing up valuable time and resources for more strategic activities. Additionally, the initiative has enabled cost savings in business development and go-to-market efforts—estimated at hundreds of thousands of pounds—while also positioning CienDos for future growth through the creation of new roles and the expansion of our technical and customer teams.
Looking ahead, we anticipate that these innovations will not only enhance sustainability reporting but also drive wider adoption of responsible finance practices, ensuring that every £, €, or $ invested, loaned, or spent is underpinned by robust environmental data.
For more information on our innovative solutions and partnership opportunities, please contact us and join us in shaping the future of sustainable finance.