Open Source in Finance Forum London 2025

The current CDM delivers meaningful workflow and cost benefits for banks. Given the material increase in existing and future exposure that banks have to physical risk events on property assets, extending the CDM will provide comprehensive foundation data fields to support end-to-end workflows for the integration of physical hazards like flood, fire and wind.

This CDM extension will enable banks to reduce the time and costs to deliver reporting, deep analytical insights for transactions and portfolios, as well as advanced risk simulation for scenario and stress testing. This will also support the transfer risk using the concept of Physical Risk Swaps for hedging and wider financial product creation to meet different risk appetites in the financial ecosystem.

To achieve this, we are extending the CDM and integrating it with the valuable components that feed solutions for existing Catastrophe Risk used widely for insurance and repurposing them with new components, including NVIDIA's AI Platforms, to create bank specific solutions.

This will be a unique Open Source solution at high speed, large scale and low cost to address current and future Physical Risks faced by banks.