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XTCC Partners with FINMAAL DMCC to Offer Carbon Offset Opportunities for Financial Services Customers

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XTCC Partners with FINMAAL DMCC to Offer Carbon Offset Opportunities for Financial Services Customers
XTCC Investments

XTCC Investments

London, Dubai, Sept. 05, 2024 (GLOBE NEWSWIRE) — XTCC, a firm specialising in tradable financial instruments tied to high integrity carbon credits, today announces a strategic partnership with Finmaal, a premier e-marketplace service provider focused on fintech and insurtech solutions, headquartered in Dubai, UAE. This partnership empowers Finmaal customers to elect to offset Greenhouse Gas (GHG) emissions directly associated with the Finmaal products they purchase through its platform, marking a significant step forward in the integration of sustainability within financial services.

XTCC’s expertise in the global carbon market and experience building financial products underpinned with high-quality carbon reducing projects will be leveraged to create offset calculations and products that can be accessed seamlessly by Finmaal’s diverse customer base. This collaboration aligns perfectly with XTCC’s mission to embed environmental sustainability into financial solutions, enabling individuals and businesses to actively reduce carbon footprints.

“We’re thrilled to partner with Finmaal, a company that shares our commitment to sustainability,” said XTCC CEO, Seth Elliott, “Through this collaboration, customers purchasing financial products, such as insurance and banking, will now have the option to offset their estimated carbon emissions during the transaction. This integration not only allows customers to see the specific impact of their choices but also empowers them to neutralise their carbon footprint more effectively. This partnership is an important step in XTCC’s strategy to enhance the inter-relationship between capital markets and the natural world.”

Muhammad Ashfaq-Ur-Rehman, CEO of Finmaal, added “As an ethical and innovative company, Finmaal is excited to partner with XTCC to offer our clients a straightforward way to contribute to global sustainability efforts, linked directly to their financial products and services.  For example, we will be able to estimate a vehicle’s annual carbon emissions over time and give purchasers the option to offset these at the point of sale. This is more than just ticking a box; it’s about offering tailored, actionable steps toward carbon neutrality, integrated into the financial services they already use.”

By leveraging Finmaal’s advanced technology and customer engagement strategies, this collaboration will ensure that users are both informed and equipped to take advantage of the carbon offset opportunities available. Both companies are committed to promoting sustainability in financial services, recognizing that integrating carbon offsetting into everyday financial activities is a crucial step toward global environmental responsibility.

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-ENDS-

Contact

XTCC

Tina Kane
The Realization Group
tina.kane@therealizationgroup.com

Seth Elliott, CEO

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seth@xtcc.investments

Finmaal 

info@finmaal.com

About XTCC 
The asset class for the net zero world XTCC is the world’s first stock market quoted investment ecosystem for high-integrity carbon credits sourced from verified, audited projects including renewable energy, nature-based solutions and blue carbon.

Investment is essential to bridge the multi-trillion-dollar gap in climate finance. XTCC has created financial instruments that, for the first time, establish fair market value as a reference for high-integrity carbon credits and provide capital markets with an ecosystem of financial instruments that enables liquidity to flow to the communities where it is most needed.

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About Finmaal

Established in 2018 in Dubai, Finmaal is a leading fintech marketplace that combines cutting-edge technology with a deep focus and strong emphasis on financial literacy. Our mission is to empower individuals and businesses with the tools and knowledge they need to thrive in the ever-evolving financial landscape.

Finmaal leverages modern technology and embraces the latest trends to stay ahead of the curve. By harnessing the power of data, artificial intelligence, and automation, we drive innovation, streamline processes, and provide actionable insights that fuel informed decision-making.

With over 200,000 customers and in partnership with renowned insurance companies, Finmaal has established itself as a trusted name in the industry. Our wide range of offerings, including data science, market intelligence, intelligent automation and product design and development, are reshaping the way people interact with the world of finance. Our integrated platform provides seamless access to comprehensive solutions that cater to the diverse needs of our clients.

Find out more here.

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CONTACT: Tina Kane The Realization Group tina.kane@therealizationgroup.com Seth Elliott, CEO seth@xtcc.investments
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Finance

I’m not financially literate. Here’s how I could be. – The Boston Globe

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I’m not financially literate. Here’s how I could be. – The Boston Globe

If you asked me what the process for setting up a Roth IRA looked like, I doubt I could offer you a thorough response. The same goes for mortgages and loans and interest. When I had to fill out my first W-9 form, I was admittedly more than a bit confused.

In short, financial literacy isn’t my forte. And that’s because, like many Massachusetts public school students, I’ve never had to take any sort of personal finance class.

Indeed, throughout the debates over eliminating MCAS as a graduation requirement for high schoolers, we heard quite a bit about the state’s educational gold standard. So is it not the least bit shameful, or at least embarrassing, that our state does not require high school students to take a financial literacy class when a majority of states do?

Absolutely. And it needs to change.

Twenty-six states, including Rhode Island, New Hampshire, and Connecticut, have passed legislation making a personal finance course mandatory for high school students. Meanwhile, Massachusetts received an “F” from the Champlain College Center for Financial Literacy, which released a report card in 2023 evaluating how each “state delivers personal finance education in its public high schools.” In addition, a 2023 report card(link?) from the American Public Education Foundation gave the state a “C” for its financial literacy requirements — a score worse than or equal to all but six states.

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Meanwhile, across the state, credit card and student loan debt have spiked to eye-popping levels. As of the second quarter of this year, the average Massachusetts resident had a credit card balance of $8,556 and $33,710.38 in student loan debt. The latter is particularly troubling for young people like myself. For the next four years, countless high school seniors throughout the Commonwealth will be attending college, paying tens of thousands of dollars on top of day-to-day expenses.

The need for personal finance courses in Massachusetts is tremendous — a need that, as per a 2021 report from the state’s Office of Economic Empowerment, is recognized almost universally among teachers and, importantly, students.

Yet, as a result of being taught next to nothing about personal finances, many of us are left ill-prepared for these new circumstances. Our understanding of credit cards is limited to, as State Treasurer Deb Goldberg so eloquently articulated to GBH, “The parent puts a plastic card into the wallet and boom: out comes money.” And so the cycle of taking out loans, accumulating massive debt, and working for years before being able to pay it off persists.

Why perpetuate the cycle when it is so clear that these classes work? According to a 2021 Ramsey Solutions survey, among the teenagers who have completed a personal finance class, nearly 80 percent said that they’ve created a monthly budget for themselves, 94 percent felt confident about saving money, and 87 percent understood how to pay income taxes. And, as noted in the OEE’s report, personal finance courses are tools that “increase social mobility for low-income or immigrant students.” Requiring such classes really couldn’t make much more sense.

At my own high school, Brookline High School, financial literacy is offered in the form of a popular elective, “The World of Money: Practical Studies in Finance and Investment,” which “integrates the basic principles of economics, money management, investing, and technology,” according to the course catalog. Every spring, as course selection rolls around, hundreds of students eye this semester-long course, but with only so many spots, most cannot take it — and, consequently, miss out on an opportunity to learn about financial literacy.

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Recognizing the imminent need to educate ourselves on matters of taxes, loans, investments, and more, several members of Brookline High School’s Student Council, including myself, have proposed amendments to our student handbook that would incorporate a financial literacy component in our graduation requirements and incorporate personal finance lessons into our weekly advisory classes. Our work would ensure that such important life skills are accessible to all students, not merely for those lucky enough to find a place in the class.

But while such efforts are certainly a step in the right direction on this issue, they are not enough. Financial literacy should not be a privilege for schools with a proactive student body; it is a fundamental aspect of our lives, and our state’s education system must begin reflecting that. The state must require personal finance courses for graduation — it’s the smartest investment we can make.

Ravin Bhatia is a senior at Brookline High School.

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NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend

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NexPoint Real Estate Finance, Inc. Announces Series A Preferred Stock Dividend

DALLAS, Dec. 24, 2024 /PRNewswire/ — NexPoint Real Estate Finance, Inc. (NYSE: NREF) (the “Company”) today announced a dividend for its 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: NREF PRA) of $0.53125 per share. The dividend will be payable on January 27, 2025, to stockholders of record at the close of business on January 15, 2025.

NexPoint Real Estate Finance (PRNewsfoto/NexPoint Real Estate Finance, Inc.)

About NexPoint Real Estate Finance, Inc.

NexPoint Real Estate Finance, Inc., is a publicly traded REIT, with its common stock and Series A Preferred Stock listed on the New York Stock Exchange under the symbol “NREF” and “NREF PRA,” respectively, primarily focused on originating, structuring and investing in first-lien mortgage loans, mezzanine loans, preferred equity, convertible notes, multifamily properties and common equity investments, as well as multifamily and single-family rental commercial mortgage-backed securities securitizations, promissory notes and mortgage-backed securities. More information about the Company is available at nref.nexpoint.com.

CONTACTS
Investor Relations
Kristen Griffith
IR@nexpoint.com

Media Relations
Prosek Partners for NexPoint
pro-nexpoint@prosek.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/nexpoint-real-estate-finance-inc-announces-series-a-preferred-stock-dividend-302339003.html

SOURCE NexPoint Real Estate Finance, Inc.

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Stock market today: Nasdaq, S&P 500 edge higher ahead of Christmas break

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Stock market today: Nasdaq, S&P 500 edge higher ahead of Christmas break

US stocks opened higher to kick off the final, shortened trading session before the Christmas holiday. The benchmark S&P 500 (^GSPC) edged up about 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.3%. The Dow Jones Industrial Average (^DJI) hugged the flatline.

Wall Street is looking to enter its Christmas break rejuvenated, after tech stocks including AI chip giant Nvidia (NVDA) led the march higher on Monday. Markets close at 1 p.m. ET today and are off tomorrow for Christmas Day.

Sizable gains on Friday and Monday have put the indexes back on the path toward their record highs, from which they took a Fed-fueled nosedive last week.

Wall Street is reassessing the path of interest rates next year as it grapples with the reality that the Fed mostly pulled off a so-called soft landing — but couldn’t fully shake the US economy’s inflation problem. According to the CME FedWatch tool, most bets are on two coming holds at the Fed’s January and March meetings, followed by a toss-up in May.

Meanwhile, many eyes continue to be trained on Nvidia, which saw a more than 3.5% gain on Monday. As Yahoo Finance’s Dan Howley writes, 2024 was Nvidia’s year, with the stock up some 180%. But 2025 could contain plenty of challenges.

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LIVE 2 updates

  • Stocks open higher to kick off shortened trading day

    In the final sprint to the Christmas holiday, markets added to gains.

    The tech-heavy Nasdaq Composite (^IXIC) led the way higher, rising roughly 0.3%. The benchmark S&P 500 (^GSPC) edged up about 0.2%, while the Dow Jones Industrial Average (^DJI) hugged the flatline.

    Markets close at 1 p.m. ET today and are off tomorrow for Christmas Day

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  • Jenny McCall

    Good morning. Here’s what’s happening today.

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