Supports expansion of global financial services products and solutions
Growing subscriptions to natural hazard data and analytics
Offering online solutions with three major industry partners
Intermap Technologies, a global leader in geospatial intelligence solutions, announced the hiring of a new Chief Technology Officer and expansion of its global financial services business.
Intermap is pleased to welcome Ralph Hope as Chief Technology Officer. For more than two years, Mr. Hope has been collaborating with the Company’s technical teams and senior management as an analytics research consultant. Previously, Mr. Hope served as Chief Operating Officer and Chief Technology Officer for the Global Capital Markets division of BlackRock, one of the world’s largest and most respected asset managers with over $8 trillion in assets under management. In this role, Mr. Hope developed automatic allocation algorithms and global trading policy. Prior to Global Capital Markets, Mr. Hope worked for BlackRock as a senior developer in a cross-department, cross-region, rapid application development team providing front, middle and back office tools to support BlackRock’s growth. He also worked with senior leadership to create and implement global IT policy. Before his ten years at BlackRock, Mr. Hope worked in the software industry, developing systems for insurance and financial industry clients. Mr. Hope brings a wealth of experience in IT development and leadership from his career in technology designed for the finance and insurance markets.
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“We are delighted to welcome Ralph to the team,” said Patrick A. Blott, Intermap Chairman and CEO. “With this important addition, Intermap takes another step forward to enhance our technology and IP, including machine learning and automation. Ralph will also help grow our financial services business, which leverages our expertise in other industry verticals. Our products and solutions are provided in real time and offered as a service. Ralph will be a valuable part of our shift in revenue mix toward recurring software subscriptions.”
In the fast-evolving geospatial market, there is a high demand for real-time alternative data and predictive analytics. Alternative data is compiled from multiple sources and are often less accessible and structured than traditional datasets. Intermap collects high-frequency 3D data and offers data-as-a-service for a variety of solutions. The Company uses the data and produces models that are integrated into analytics, which include insurance underwriting, telecommunications network planning, railway corridor risk management and pattern of life modeling. Intermap’s commercial solutions are based on proprietary NEXTMap elevation datasets and are available worldwide.
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Intermap is expanding solutions around the world by offering products and services to the financial services market. The Company recently added multiple European banking customers, including ERSTE Group, three KBC Group banks, Raiffeisen, Moneta Money Bank, and Banka Creditas. Intermap is also delivering unmatched results and seamless integration with property valuation application makers such as MyNEMO Report and Pluto–Olt. The Company is serving this new market in collaboration with Společnost pro Cenové mapy ČR and their exclusive project partner Deloitte Advisory.
In the Czech Republic, Intermap’s flood hazard data-as-a-service and software are used by the largest insurance carriers, accelerating the Company’s expansion across Europe. European financial services providers are now benefitting from Intermap’s long history of providing essential natural hazard risk data throughout the continent.
“Our financial services business is growing dramatically,” Mr. Blott continued. “The combination of our predictive analytics and dynamic 3D data delivers powerful results to our clients, including commercial enterprises and allied governments. Intermap will continue to invest in the necessary expertise and infrastructure to drive continual improvement of those results.”
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