Property technology and data platform Valocity announces a strategic partnership with National Institute of Water and Atmospheric Research (NIWA), New Zealand’s leading source of climate change science and climate change data. This Unique collaboration empowers the New Zealand property sector with powerful insights into environmental and sustainability information to support crucial data-driven risk management and decision making.
The lasting impacts of the Christchurch earthquakes made it evident that multi-party collaboration and data sharing is essential for fact-based decision making. With the New Zealand Government recently declaring a Climate Change Emergency, digital access and understanding of climate change data has never been more paramount, particularly as the banking and insurance sectors look to mitigate business risks associated with climate change nature perils.
This new strategic partnership leverages Valocity’s leading technology, property data and connected ecosystem, in combination with NIWA’s leading climate change science, research and expertise, to create a single source of truth for the New Zealand banking and insurance industries. Valocity’s analytical models and data series introduce enhanced transparency and risk management while NIWA’s ongoing research and development ensures data sets are future proofed and correctly applied to a Bank’s or Insurers portfolio.
NIWA Manager of Marketing and Industry Engagement, Dr Mark Bojesen-Trepka says, “our partnership with Valocity ensures that NIWA’s climate change science, data and technical expertise can be made available directly into bank and insurance sector business processes to assist with critical mortgage and portfolio risk decisions which, ultimately, will benefit the NZ public.”
Valocity Founder and CEO Carmen Vicelich says, “we recognise that this collaboration is incredibly important for the banks and insurers that Valocity works with. We are very excited to partner with New Zealand’s leading climate change partners to deliver unique data and innovation to the market.”
NIWA, the National Institute of Water and Atmospheric Research, is a Crown Research Institute established in 1992.NIWA’S purpose is to enhance the economic value and sustainable management of New Zealand’s aquatic resources and environments, to provide understanding of climate and the atmosphere and increase resilience to weather and climate hazards to improve safety and wellbeing of New Zealanders.
NIWA’s mission is to conduct leading environmental science to enable the sustainable management of natural resources for New Zealand and the planet.
Valocity is New Zealand’s leading digital platform connecting the entire property ecosystem of lenders, brokers, valuers, and their customers to streamline and automate the property valuation decisioning process.
In 2018, Valocity, was recognised as one of ten global finalists at the global FinTech awards in Singapore, as well as a top ten finalist for the Fintech Hackcelerator. In 2019, Valocity received FinTech Startup of the year Award at the India FinTech Awards and was named Microsoft ISV Partner of the Year in 2020.