Software

FIS launches Climate Risk Financial Modeler

Photo: Adobe Stock

June 7, 2024

FIS, a fintech company, launched the Climate Risk Financial Modeler, a software-as-a-service to help businesses analyze, reduce and report their climate change impact. The software uses client data with third-party climate data to deliver insights into climate impact, according to a press release.

Users can model weather-related issues and project potential losses from severe weather events. They can also support climate-related regulatory compliance.

"The launch of the FIS Climate Risk Financial Modeler is the latest chapter in our long history of market-leading risk management software and services throughout the money lifecycle," JP James, head of treasury and risk at FIS, said in the release. "Corporate climate risk and the related regulatory pressures are becoming increasingly important for executives and risk managers of all levels and across all industries. With this launch, FIS is building on our best-in-class insurance risk application capabilities to respond to the challenges our clients face in understanding the potential impacts of climate change on their business."