Launch year: 2017
Country: Canada
Funds raised: Winner of the National Canada Bank’s innovation competition ($100000)

Aquantix – Financial AI specialized in climate change

Concept description

Aquantix is an AI company that specialized in climate change related risk management for the financial sector. They provide recommendations and tools for financial institutions to improve their environmental responsibility and the respect of regulations, such as the Task Force on Climate-related Financial Disclosures. They analyze various sources of data from satellites, geographical locations and water to create models which will improve climate change related decision making.

Value proposition

Their method for assessing, monitoring and disclosing climate change included 4 components:

  • Portfolio stress testing: Impact analysis through cross testing of global asset and business resilience within the financial markets and securities.
  • Credit Risk and due diligence: Security selection, asset allocation and credit risk management integrate with physical, environmental, operational and human risks related to climate change.
  • Physical and transition risk: Global asset, supply chain and climate risks are monitored and analyzed.
  • Insurance and risk data : the solution helps to understand the risk magnitude improvement in operational and agricultural production disruptions. It also contributes to assess asset damage by working with insurers and reinsurers.

Illustration (Video)

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