DigiAsia Corp..
FAAS.US | Activities of holding companies
DigiAsia Corp., formerly known as FAAS Capital Corp., is a special purpose acquisition company (SPAC). The company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While th...Show More
Better Health for All
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No specific evidence was found in the provided articles regarding DigiAsia Corp.'s (FAAS.US) direct impact on health outcomes, its products' health effects, safety records, accessibility of health-related services, or any health-focused initiatives. The company operates in the financial technology and digital financial services sectors, and the articles primarily discuss its financial performance
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, fraud detection systems
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, and regulatory licenses
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within that context. While academic studies generally suggest a positive correlation between financial inclusion and health outcomes
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, these studies do not provide specific data on FAAS.US's actions, products, or services, nor do they attribute any health impacts directly to the company. Therefore, no KPIs under the 'Better Health for All' value can be scored based on the provided information.
Fair Money & Economic Opportunity
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No specific, concrete data points or factual evidence were found in the provided articles to assess DigiAsia Corp. against any of the Fair Money & Economic Opportunity KPIs. The articles indicate that SEC filings data for FAAS is currently not available, or they do not directly mention information relevant to customer-facing financial services, products, or related outcomes.
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Fair Pay & Worker Respect
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No specific, quantitative data is available across the provided articles to assess FAAS.US against any of the KPIs for Fair Pay & Worker Respect. While general information on CEO compensation in Indonesia was provided, data on median employee pay was absent, preventing calculation of the CEO-median pay ratio.
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Other articles discussed general industry trends and issues in developing countries regarding minimum wages, collective bargaining, labor violations, insecure contracts, health insurance, and pay equity, but did not provide company-specific metrics for FAAS.US.
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Fair Trade & Ethical Sourcing
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No specific data related to fair trade, ethical sourcing, or any of the associated metrics (fair trade certification, audit frequency, forced/child labor incidents, traceability, remediation speed, ethical clauses, materials risk, or supplier diversity spend) for DigiAsia Corp. was found in the provided articles.
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The articles primarily focus on the company's financial performance, business model in fintech services, and regulatory issues, without mentioning any details regarding its supply chain practices or ethical sourcing initiatives.
Honest & Fair Business
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No specific, quantifiable evidence was found in the provided articles for any of the 'Honest & Fair Business' KPIs. Information regarding regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification of ethical claims was not available.
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While the company received a Nasdaq notice for non-compliance due to failing to timely file its annual report on Form 20-F for the period ended December 31, 2024, no monetary fine associated with this action was disclosed, nor does it constitute a financial restatement.
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Kind to Animals
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DigiAsia Corp. is a fintech company that provides financial services, including wallets, QR payments, remittances, and lending.
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Its business model does not involve activities such as animal testing, the use of animal-derived products, animal agriculture, or direct impact on wildlife habitats.
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Consequently, all KPIs related to 'Kind to Animals' are not applicable to the company's operations.
No War, No Weapons
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DigiAsia conducts money transfer transactions through agents in a limited number of regions subject to United States Office of Foreign Assets Control restrictions.
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Digi International encourages suppliers to have socially responsible policies ensuring materials are “DRC Conflict-free.”
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Digi International reviews and updates its Conflict Minerals Reporting Template (CMRT) once per calendar year, publishing an updated version by May 1st.
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Digi International adopts OECD due diligence guidance for Conflict Mineral supply chain management.
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Digiplus has a Code of Business Conduct and Ethics, an Anti-Money Laundering and Terrorist Financing Prevention Program, and a Whistleblowing Policy in place.
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Digi International states it has no direct contact or control of smelters in its supply chain and neither supports nor directly sources from smelters in the DRC conflict zone.
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Digiplus reported no violations related to environmental regulations or successful data breaches in 2023.
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Planet-Friendly Business
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Digia Corp. has set a target to achieve carbon neutrality by 2030 throughout its entire value chain.
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This target is supported by interim CO2 emission reduction goals of 60% by 2025 and 75% by 2030, both from a 2019 baseline.
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Respect for Cultures & Communities
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No specific, concrete data points or evidence were found in the provided articles to assess FAAS.US (DigiAsia Corp.) against any of the KPIs for 'Respect for Cultures & Communities'. The articles either explicitly stated they contained no relevant data, were inaccessible, or focused on unrelated topics such as internal diversity efforts of a different entity (Digia) or funding rounds for Bitcoin acquisition.
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Safe & Smart Tech
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DigiAsia Corp. faced Nasdaq delisting due to missing its annual Form 20-F regulatory filing by the September 15 deadline.
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The company also states it is subject to stringent and changing laws related to privacy and data security, and non-compliance could adversely affect its business.
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However, its AI-powered Fraud Detection System received approval from Bank Indonesia, enhancing its capacity for regulatory compliance in transaction monitoring and anti-money laundering.
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Zero Waste & Sustainable Products
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The company's top seal packaging reduces plastic use by 75% compared to traditional wrapping.
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DIGI offers products and services such as Bottle Squash, e.Sense, Paper Board Skin, Linerless Labels, and ECOA, which are designed to reduce waste, enable reuse, or improve recycling efficiency, indicating the application of circular design principles to several product categories.
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InfoTag electronic shelf labels have a lifespan of up to 10 years.
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DIGI has showcased multiple waste reduction initiatives, including COMBO (a zero-waste bulk system), LX-5600 (tray sealer), DRV-100 (PET bottle reverse vending machine), SM-6000 AI (self-service scale), InfoTag (electronic shelf labels), and Enchant Digital Poster (digital signage).
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