Riskthinking.AI, provider of data and of climate risk analyzes based in Toronto, is proud to announce that it won second place in the competition of Green Fintech organized by the Hong Kong Monetary Authority (HKMA) as part of the Green and Sustainable Banking Conference.
The HKMA announced this award to Riskthinking.AI on December 11, 2023, at its Green and Sustainable Banking Conference. This event brought together more than 300 Hong Kong banks, technology companies and regulators who are committed to accelerating the net zero transition and investing in climate resilience through innovative technologies.
The HKMA Green Fintech Competition was a central feature of the conference. The competition recognized market-ready solutions in four categories: Transition to Net Zero, Climate Risk Management, Green and Sustainable Finance, and Sustainability or Climate Information and Reporting.
Riskthinking.AI was selected from over 80 companies as a first finalist in the Climate Risk Management category.
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“ The jury was impressed by the company’s solution and its potential to solve the problems of the Hong Kong banking sector,” said an HKMA representative when announcing the competition results.
At the conference, Riskthinking.AI presented its enterprise solution designed to help market participants in Hong Kong to assess and manage climate-related financial risks. The company’s application featured its DigitalClimateEarthTwin™, a global platform and modeling engine that includes trillions of data points on physical assets, climate and economics, as well as VELO®, a product online to visualize and analyze climate-related financial risk.
Riskthinking.AI’s recognition by the HKMA in the Green Fintech Competition highlights its success in innovating accessible, comprehensive and reliable solutions for measuring climate-related financial risks worldwide, particularly in Asia .
“Riskthinking.AI is very honored to be included among the HKMA Distinguished Finalists and to be recognized at such an important event. The leading role played by the HKMA in sustainable finance and green fintech is admirable and our team takes great pride in helping institutions in Hong Kong a i=2> to navigate the uncertainty of climate risk,” said Ron Dembo, founder and CEO of Riskthinking.AI. We are a new Canadian company with big ambitions. Our mission is to redefine financial market prices taking into account the reality of climate change.
SOURCE : PRNewswire