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MAS-led consortium develops AI product aiding banks in sustainable real estate loan issuance

The product has three core features.

MAS-led consortium, NovA!, developed a Minimum Viable Product (MVP) that can assist banks to tap on artificial intelligence (AI) when issuing Sustainability-Linked Loans (SLLs) in the real estate sector.

The core features of the AI-powered MVP address challenges such as inaccurate settings for Sustainability Performance Targets (SPTs) due to data scarcity and inconsistency, greenwashing, and inefficient processes leading to manual errors in reading and interpreting disclosures from lenders.

The MVP can address the abovementioned challenges by facilitating setting performance for real estate SLLs through peer and industry benchmarking.

It can also monitor selected KPIs/SPTs to curb greenwashing and enhance the processing of sustainable finance transactions through the Autonomous Documentation Insights Engine (ADIE).
 

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