June 2021

Credit exchange

Plastic Credit Exchange revamps the system and uses blockchain technology

Plastic Credit Exchange (PCX), a Filipino nonprofit plastic clearing program, has partnered with Microsoft to develop a blockchain-protected public credit ledger.

“It is important that the credit registry is trustworthy and publicly accessible,” PCX Founder and President Nanette Medved-Po said in a statement. “By using blockchain technology not only to protect the ledger, but also to provide transparency around additionality and protect against double counting, stakeholders will know where and how they are positively impacting the environment. “

Similar to carbon markets that use carbon credits to limit the production of greenhouse gases by companies, PCX uses plastic credits to limit the number of plastics that companies produce.

The Philippine companies that have purchased plastic offsets are Nestlé Philippines and Unilever Philippines. Meanwhile, companies like PepsiCo Snacks, Wyeth Nutrition, Century Pacific Food, Colgate-Palmolive, and NutriAsia have sued plastic neutrality in the country.

According to PCX, these partnerships have diverted more than 18 million kilograms of plastic waste from the ocean.

“Sustainability and humanity’s response to this problem is one of the greatest challenges of our lives – a planet-sized challenge that requires a planet-sized response,” said Andres Ortola, country manager for Microsoft Philippines, in a statement. “Technology can – and should – accelerate this response. “

Microsoft provided an Azure-based blockchain solution to strengthen the security of the credit ledger, using a web application to integrate the blockchain into PCX’s current operations.

PCX’s blockchain-protected credit ledger can be found, where it shows how much plastic credit each company has purchased. BH Lacsamana

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Credit exchange

Envestnet Credit Exchange offers secured and unsecured loan options

Envestnet Credit Exchange recently launched access to a wide range of real estate and unsecured loan products from a growing list of lending partners who have been selected for their wide range of products and services. The Investnet Credit Exchange product suite now extends beyond secured loans with Upgrade and Lightstream to unsecured loans. Ally Home, Better, and Guaranteed Rate will now help wealth managers meet the real estate financing needs of their clients.

Powered by Advisor Credit Exchange (ACx), the Investnet Credit Exchange will provide financial advisors with access to secured and unsecured lending options through the Envestnet ecosystem. These loans are in a wide range, from $ 10,000 to $ 25 million and more.

Customers are analyzed for their financial data and matched with the right loan opportunities. The options are gathered from a list of lending partners, prioritized according to their product offerings, quality of service and funding experience.

“To be competitive and successful in the wealth management business, advisors need to consider both sides of their clients’ balance sheets,” said Andrew Stavaridis, Group Solutions Delivery Manager at Envestnet. “Helping clients build equity means managing credit as strategically as investing. This product extension provides advisors with solutions to their clients’ financing needs.

Advisors can help clients obtain residential real estate loans for purchase or refinance. The Federal Reserve Board of New York reports that mortgages account for 70% of consumers’ credit balances. Ally Home, Better and Guaranteed Rate were the first residential mortgage lenders to join the exchange.

Envestnet has also partnered with Access Financing, the Sweetpay brand, to provide unsecured loans and expand consumer options. Unsecured loan partners on the Credit Exchange include Upgrade and Lightstream.

Peter Stanton, CEO of Advisor Credit Exchange, said: “Envestnet Credit Exchange is now positioned to enable advisors to serve the three main personal lending services: asset backed, unsecured and real estate. The relationships we foster can provide advisors with the power and confidence to advise their clients on all aspects of credit and help them access the ideal credit solutions to meet their needs. “

For more information on Envestnet, please visit

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