EOFIN – BEST PRACTICE FINANCIAL MANAGEMENT SUPPORT

EO-FIN is one of the ESA best practice series of projects with a focus on the financial management sector. The main aim of the EO-FIN project is to understand the Financial Management sector’s requirements for geospatial information and what the current (including near future), capabilities of EO are to support the Financial Management sector’s needs on Geospatial services.

EO-FIN seeks to identify the best practices allowing the EO industry to respond to these requirements through high-quality, standardised, EO products and services and, finally, define a roadmap for the implantation of these EO best practices. For the purposes of this activity, the FM sector will be represented by stakeholders operating in the following four FM markets: Investment Management, Risk management, Insurance Management and Green Finances.

• Investment Management: services including asset allocation, stock allocation, monitoring of existing investments, and portfolio strategy and implementation.
• Risk Analysis: the process of identifying, assessing, and managing financial, legal, strategic, and security risks to an organisation’s capital, operations, and earnings.
• Insurance Management: services including the provision of insurance contracts, underwriting, ongoing and post-event asset evaluation, and claims against policies.
• Green Finance: financial activities that mitigate negative impacts that arise from environmental pollution and climate change, and support the development of a greener future.