Latest news with #riskmitigation
Globe and Mail
25-06-2025
- Business
- Globe and Mail
AISIX Solutions Inc. Identifies Top 10 Canadian Oil and Gas Sites at Risk of Wildfires Given Historical Fire Patterns and Top 10 Oil and Gas Fields With Highest Increase in Wildfire Probability
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - AISIX Solutions Inc., (TSXV: AISX) (FSE: QT7) (" AISIX" or "the Company"), a wildfire data and analytics company, has released an analysis highlighting the top 10 Oil and Gas fields at risk of wildfires given historical conditions and the top 10 Oil and Gas fields with highest increase in wildfire probability given the fifth Shared Socioeconomic Pathway (SSP5) climate change scenario by 2050. "We are dedicated to supporting wildfire risk mitigation efforts for the energy industry by providing the most precise data available," said Mihalis Belantis, CEO of AISIX Solutions Inc."By pinpointing historical, current and future high-risk areas, our goal is to help stakeholders take essential measures to reduce the risk of production disruption." The Top 10 Oil and Gas fields are ranked by AISIX as follows: Cameron Hills Thetlaandoa Firebag Long Lake Rainbow south Cranberry Christina Lake * Helmet Jackfish* Judy Creek Figure 1 Top 10 Oil and Gas fields with respect of historical burn probability To view an enhanced version of this graphic, please visit: * These sites are currently impacted by wildfires The Top 10 Oil and Gas fields with highest increase in regional wildfire probability given the fifth Shared Socioeconomic Pathway (SSP5) climate change scenario by 2050 ranked by AISIX Solutions Inc. Bighorn Lovett River Ferrybank Acheson Medicine Lodge Sundance Kaybob South Fox Creek Bellshill Lake Christina Lake Figure 2 Top 10 Oil and Gas fields with highest increase in wildfire probability given the fifth Share Socioeconomic Pathway (SSP5) climate change scenario by 2050 To view an enhanced version of this graphic, please visit: Figure 3 Map showing wildfire burn probabilities (yellow to red colours), some towns and cities for reference, Oil and Gas fields impacted by 2025 fires, the top 10 fields with respect of historical burn probability and the top 10 with respect increase burn probability by 2050 according to SSP5. To view an enhanced version of this graphic, please visit: The analysis considers aggregated 30-year burn probabilities within 25km of Oil and Gas fields as portrayed by AISIX Wildfire dataset. AISIX utilizes machine learning, physical based-modeling and climate change projections to pinpoint locations facing the highest wildfire probability. AISIX's wildfire data workflow includes the application of Cell2Fire2, an advancement of BurnP3+, and simulates wildfire behaviour at the country scale according to historic and projected change in climate patterns. The analysis shows long term trends rather than year-to-year specific conditions and highlights burn probability hotspots given historical conditions** The analysis also shows the Oil and Gas fields currently impacted and nearby wildfires, based on current actively burning fires: Jackfish, Christina Lake, Foster creek, Rainbow, Kelly, Cutbank, Bubbles North, Horn River, Petitot River. ** Some recent forest disturbances may not yet be included in the model. Energy operators are invited to request a demo today to learn how to integrate AISIX's Wildfire 3.0 predictive modeling into their risk mitigation, emergency response, and climate resilience strategies. For more information about AISIX Solutions Inc. and its climate risk solutions, please visit or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at About AISIX Solutions Inc. AISIX Solutions Inc., is a climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of data analytics and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change. Forward-Looking Statements Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the " forward-looking statements") within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of the Company's products and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete and the Company's ability protect its intellectual property rights. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time. Media Contact media@ Investor Relations
Finextra
19-06-2025
- Business
- Finextra
NetGuardians and Intix unite to form Vyntra
In a strategic move to combat evolving threats in finance, NetGuardians and Intix have joined forces to launch Vyntra, a groundbreaking financial crime intelligence platform. 0 Combining real-time data analytics with deep industry expertise, Vyntra aims to set a new standard in risk mitigation and compliance across global financial institutions. By combining NetGuardians' AI-driven financial crime prevention with Intix's mastery of transaction data visibility and analytics, Vyntra empowers financial institutions to meet the demands of a faster, more regulated, and more connected financial landscape. Serving more than 130 institutions in 60+ countries, Vyntra supports retail, private, institutional and digital-native banks, Central Securities Depositories, and fintechs across the globe. Joël Winteregg, CEO of Vyntra and former Group CEO of both Intix and NetGuardians, commented: 'Vyntra represents a new chapter—not just for us, but for the financial institutions we serve. Whether it's monitoring transactions and payment flows, ensuring anti-money laundering (AML) compliance, or detecting fraud as it happens, Vyntra unifies transaction observability and financial crime prevention under one roof. Our mission is simple: to help financial institutions navigate complexity with clarity and protect the integrity of every transaction.' Vyntra's launch responds to a clear market need: real-time, end-to-end observability of financial transactions that enhances compliance, reduces risk, and strengthens operational resilience within financial institutions. Leaning on the expertise of NetGuardians and Intix, Vyntra unites leading-edge capabilities in fraud prevention, AML compliance, and transaction observability to help financial institutions see, secure, and optimize every transaction in real time. 'The merger of NetGuardians and Intix was designed to support a safer and more transparent financial system,' said Gisle Glück Evensen, Partner at Summa Equity. 'Now, as Vyntra, this vision becomes a reality. We're proud to support the team as they lead the way in transaction observability and financial crime prevention.' From safeguarding instant payment networks to enabling banks to detect and resolve payment issues before they impact customers, Vyntra is redefining how financial institutions ensure compliance, reduce exposure, and build trust—without slowing down business. Raffael Maio, Chief Strategy Officer at Vyntra, added: 'Our clients rely on Vyntra to deliver operational resilience, regulatory confidence, and superior customer experiences. This united front directly addresses some of the most urgent challenges in financial services today.' With its real-time transaction intelligence capabilities, Vyntra is setting a new benchmark for how banks and PSPs combat financial crime and deliver transaction visibility at scale. Vyntra delivers end-to-end transaction observability and financial crime prevention through real-time tracking, searchable message archives, SLA monitoring, proactive fraud detection, AML monitoring, insider risk detection, and community intelligence.
Yahoo
18-06-2025
- Business
- Yahoo
HR Risk Mitigation, the Gold Standard in Pre-Employment Background Checks, will Exhibit at the SHRM Annual Conference & Expo on June 29 - July 1, 2025, in San Diego
FORT MYERS, Fla., June 18, 2025 /PRNewswire/ -- HR Risk Mitigation a leader in employment background checks, announced today its participation at the SHRM Annual Conference & Expo, June 29 through July 1, 2025, at the San Diego Convention Center. As an authority in background screening, HR Risk Mitigation is excited to collaborate with the HR community to share its expertise on navigating the vast inaccuracies and compliance complexities with background checks. "In an ever-changing world, we are proud to offer our clients stability and consistency in the form of deep, quality background checks while keeping up with industry changes," said Marissa Medford, Director of Research at HR Risk Mitigation. Visit with our HR Risk Mitigation team at Booth 3753 during one of your breaks to learn more and drop your business card for a chance to win a Capital Grille gift card. HR Risk Mitigation - Unlocking the power of accurate information to mitigate risk and build better teams for clients. About HR Risk Mitigation: The gold-standard in background check services, HR Risk Mitigation harnesses its vast knowledge and investigative expertise to support clients with meticulous information, combined with expert human analysis for compliant and reliable reporting. With a team of seasoned professionals dedicated to ensuring the highest standards of service, the firm arms clients with in-depth, comprehensive research, helping them make confident talent acquisition decisions. To learn more about HR Risk Mitigation visit ContactsWebsite: Email: support@ +1 (844) 477-4750 View original content to download multimedia: SOURCE HR Risk Mitigation Sign in to access your portfolio
Zawya
25-05-2025
- Business
- Zawya
ICIEC and Al Baraka Bank Egypt sign a documentary credit insurance policy
The insurance policy provides a comprehensive coverage for Al Baraka Bank's documentary credit transactions by protecting the bank againt non-payment risk of overseas banks issing letters of credit (LCs) ALGIERS, Algeria -- The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) ( a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed a Documentary Credit Insurance Policy (DCIP) with Albaraka Bank Egypt, on the sidelines of the IsDB Group Annual Meetings 2025 in Algiers to support export transactions backed by Letters of Credit worth USD 50 Million. The DCIP was signed by Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions at Al Baraka Bank Egypt. This underscores the critical role of tailored risk-mitigation instruments in de-risking and enabling cross border trade. The insurance policy provides a comprehensive coverage for Al Baraka Bank's documentary credit transactions by protecting the bank againt non-payment risk of overseas banks issing letters of credit (LCs). This enables to enlarge its LC confirmation business to support Egyptian exports. Dr. Khalid Khalafalla, CEO of ICIEC, stated, 'We are honored to partner with Al Baraka Bank – Egypt on this Documentary Credit Insurance Policy to de-risk Egyptian exports. This collaboration strengthens economic resilience and supports growth across our member states.' Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). Contact: Email: ICIEC-Communication@ Follow us on: X : Facebook : LinkedIn : YouTube : Instagram : About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an "Aa3" insurance financial strength credit rating from Moody's, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, ICIEC has been assigned a First-Time 'AA-' long-term Issuer Credit Rating by S&P with Stable Outlook. ICIEC's resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors - energy, manufacturing, infrastructure, healthcare, and agriculture. For more information; visit: SOURCE Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)
Zawya
24-05-2025
- Business
- Zawya
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Al Baraka Bank Egypt Sign a Documentary Credit Insurance Policy to Support Export Transactions Backed by Letters of Credit Worth USD 50 Million
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) ( a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, today signed a Documentary Credit Insurance Policy (DCIP) with Albaraka Bank Egypt, on the sidelines of the IsDB Group Annual Meetings 2025 in Algiers to support export transactions backed by Letters of Credit worth USD 50 Million. The DCIP was signed by Dr. Khalid Khalafalla, CEO of ICIEC, and Mr Ahmed Atteya, Head of Financial Institutions at Al Baraka Bank Egypt. This underscores the critical role of tailored risk-mitigation instruments in de-risking and enabling cross border trade. The insurance policy provides a comprehensive coverage for Al Baraka Bank's documentary credit transactions by protecting the bank againt non-payment risk of overseas banks issing letters of credit (LCs). This enables to enlarge its LC confirmation business to support Egyptian exports. Dr. Khalid Khalafalla, CEO of ICIEC, stated, 'We are honored to partner with Al Baraka Bank – Egypt on this Documentary Credit Insurance Policy to de-risk Egyptian exports. This collaboration strengthens economic resilience and supports growth across our member states.' Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). Contact: Email: ICIEC-Communication@ Follow us on: X : Facebook : LinkedIn : YouTube : Instagram : About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an "Aa3" insurance financial strength credit rating from Moody's, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, ICIEC has been assigned a First-Time 'AA-' long-term Issuer Credit Rating by S&P with Stable Outlook. ICIEC's resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors - energy, manufacturing, infrastructure, healthcare, and agriculture. For more information; visit:
