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Although it may only be the early days of the metaverse, brands like Dolce and Gabbana and Ralph Lauren have begun to sell their products through this platform, with JPMorgan also being the first to create a virtual bank.

Additionally, Spain has strong government support for renewable energy, promising to install 50 GW of renewables as part of the National Integrated Energy and Climate Plan. The government has also dedicated $720 million USD to develop AI solutions for use in Spanish data centres.

Sustainability-linked loans are bolstered by government policy, which has incorporated SSLs into ESG (environmental, social, and government) initiatives, making these loans an attractive option for both lenders and borrowers.

One of the problems with offering tax incentives to data centres is that the tax benefits are substantial and often ongoing for years or even decades – while the number of permanent jobs that are added to communities as a result can be quite small.

As the global market for Big Data analytics in banking is forecast to grow by an annual rate of more than 22% until 2026, banks are increasingly aware of the importance of partnering with established market players to embed Big Data tools.