IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk | News

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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IBM and The Climate Service to Work Together with Financial Institutions and Corporations to Assess the Cost of Climate Risk

ARMONK, N.Y. and DURHAM, N.C., Oct. 14, 2020 /PRNewswire/ — IBM (NYSE: IBM ) and The Climate Service (TCS), a leader in climate risk analytics for investors and businesses, today announced their alliance to work with financial institutions and corporations to better measure and quantify risks associated with climate change. As part of the alliance, the companies are now making the TCS Climanomics® software platform available via Red Hat OpenShift on IBM Cloud.

This alliance between IBM and TCS makes TCS’s advanced science available with enterprise-grade levels of scalability, availability, security, and interoperability. The companies are working together to help organizations put a price on climate risk and facilitate reporting consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework.

The alliance will also leverage the experience of IBM Services in financial risk, analytics, weather risk, and compliance, to use the Climanomics® platform to provide climate risk analytics to

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New York issues $15,000 fines to Orthodox Jewish institutions over COVID violations

Five Orthodox Jewish institutions in New York City were fined $15,000 for alleged violations of the health code amid the coronavirus pandemic for having more than 10 people inside their religious facilities, according to reports.

The religious spaces in Borough Park, the site of protests last week, weren’t shut down because police don’t have the authority.

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New restrictions temporarily limit the size of religious gatherings in the COVID-19 hot spots. The restrictions limit attendance at all houses of worship to 25% capacity, or a maximum of 10 people.

Six coronavirus clusters have cropped up in Brooklyn and Queens, as well as Broome, Orange and Rockland counties. The state has closed schools and nonessential businesses in those areas and limited gatherings.

The number of New Yorkers hospitalized with the coronavirus continues to rise, Gov. Andrew Cuomo said Saturday, as authorities heightened their focus on banning

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IBM, Fenergo to Transform New Customer Onboarding for Financial Institutions

AI and Analytics on IBM Cloud can help expedite customer lifecycle management and improves client experience

IBM furthers ecosystem commitment

ARMONK, N.Y., Oct. 5, 2020 /PRNewswire/ — SIBOS: IBM (NYSE: IBM) and Fenergo, a leading provider of client lifecycle management (CLM) solutions for financial institutions, today announced the general availability of IBM Customer Lifecycle Management (CLM) with Fenergo. The offering is designed to incorporate artificial intelligence (AI) from IBM Watson and analytics on the IBM Cloud to help financial institutions drive efficiencies in customer onboarding through improved personalization, risk assessment and regulatory compliance.

IBM Corporation logo. (PRNewsfoto/IBM)
IBM Corporation logo. (PRNewsfoto/IBM)

Onboarding a new client can often take weeks for a financial institution to complete. Research undertaken by Forrester and Fenergo showed financial institutions that have implemented only partial onboarding solutions spend between two and 12 weeks to complete the new client onboarding process. Additionally, significant financial penalties and sanctions can follow

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IDEMIA Launches GREENPAY, a Sustainable End-to-end Offer Portfolio for Financial Institutions

IDEMIA, the global leader in Augmented Identity, today announces its GREENPAY launch, an eco-friendly global offer for financial institutions, in line with its CSR* and sustainability strategy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201001005547/en/

(Photo: Business Wire)

Environmental concerns underpin IDEMIA’s business practices. Through GREENPAY, IDEMIA commits to move away from today’s “take-make-waste” attitude to redesign our habits. IDEMIA is proud to develop solutions generating less plastic and paper waste, reducing land and water pollution while also minimizing its carbon footprint.

GREENPAY is IDEMIA’s commitment to continuously improve each part of the payment card value chain, seeking to:

  • Minimize the environmental impact of its processes and services

  • Develop innovative, eco-friendly products, services and solutions

  • Help customers achieve their environmental goals with IDEMIA’s product offering.

GREENPAY encompasses eco-friendly card body solutions, advanced card related services like eco-designed packaging, on-demand printing of PEFC/FSC certified card carrier, digital alert

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Capco Announces PlatformZero, a Cloud-Based, Low-Code Digital and Automation Solution for Financial Services Institutions

Capco’s PlatformZeroSM eliminates back-office inefficiencies and helps financial institutions improve digitization across the enterprise

Capco, the global management and technology consultancy, today announced the launch of PlatformZeroSM, a fully cloud-based digital and automation solution focused exclusively on the financial services industry. PlatformZero is designed to increase efficiency and eliminate high-cost processes across the back office and improve control and service for end-to-end process digitization.

PlatformZero’s low-code solution helps financial institutions sell and service their clients more effectively. PlatformZero provides a wide range of digital, automation, and integration features and is fully customizable for banking, wealth and insurance industries. It can also be used to provide a better employee experience, resulting in enhanced productivity and significant cost reductions. With PlatformZero, organizations can rapidly onboard and achieve significant efficiencies without the delivery risk, cost and time associated with traditional programs.

Lance Levy, CEO of Capco, said: “Across the industry,

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