The European FinTech Awards and Conference brings together leading innovation managers of major banks, eager investors and the most promising FinTech companies. Within the framework of the event, the third European Fintech Award was held to recognise the most innovative and disruptive companies.
In the first phase, Top 100 European companies were identified by combining public voting and expert assessment. Out of these, 27 finalists were nominated to participate in the pitch battle to push them to the finals. Only three best FinTech companies within 9 categories each were selected to present their companies in front of a top-notch panel of judges, which consisted of seasoned investors, academics, innovation leads and bankers with an extensive track record in the rapid changing world of finance.
Following their ten minute Pitch by the co-founder, Elke Schaper (Photo, middle), Carbon Delta was announced the overall winner of the Risk, Intelligence & Security category.
“The European FinTech Awards were a great event of learning and networking. And of course we are very excited to be recognized as an innovative company and to have won this prestigious FinTech Award”, said Oliver Marchand, CEO of Carbon Delta
Carbon Delta is an environmental fintech that identifies and analyses the climate change resilience of publicly traded companies. To date, very little is known about the extent to which individual companies are exposed to climate change and the costs that they will face to adapt to these effects. Estimated financial losses from climate change range from US$2.5 to 72 trillion by 2060.
To help investors understand and quantify these risks within their portfolio, Carbon Delta has developed a software model to assess a company’s Climate Value-at-Risk (Climate VaR), thus how much of its market value is possibly affected by climate change.
“Our method uses big data analysis and can thus be used to calculate the Climate VaR for thousands of equities and other asset classes. Five core risk factors are used for calculating a company's overall Climate VaR: regulations, extreme weather events, technology, climate trends and the Paris Agreement's 2°C target”, said Marchand.