Earth observation and remote sensing combined with machine learning has the potential to transform the availability of information in our financial system and change how risks, opportunities, and impacts are measured and managed by financial institutions. ‘Spatial finance’, where geospatial data is integrated into financial theory and practice, creates a significant opportunity for the financial services industry. Spatial finance is also particularly helpful for analysing risks and impacts related to climate change and the environment.
The Spatial Finance Initiative has been established to bring together research capabilities in space, data science, and financial services to make them greater than the sum of their parts. The Initiative is designed to be a funnel, undertaking and coordinating world-leading academic research and channelling these into real-world finance-related applications. The research will be translated into practical and pre-operational products and services by working closely with the finance community and geospatial and financial services providers.
The Initiative has been established by the Alan Turing Institute, City of London Green Finance Initiative, the Satellite Applications Catapult, and the University of Oxford. It is a multi-disciplinary multi-stakeholder project focused on globally significant research and applications.
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