Tech veteran Andrew Ellam has joined London-based Climate X from online bank Monzo.

Climate X is an award-winning global climate risk data and analytics provider and Ellam joins the senior leadership as VP of technology.

He was previously the chief of staff to CTO and head of technical program management at Monzo Bank.

Ellam has worked in firms at all stages of growth, including venture-funded start-ups, growth-phase scaleups and large tech companies such as Amazon and Facebook.

Explaining what persuaded him to leave Monzo Bank he said: “For me, climate change is the biggest threat facing our generation and future generations.

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“I’ve joined Climate X with a shared vision to provide the insights firms need to help improve things – to build a climate-resilient economy that can withstand the challenges ahead.

“Over the past year at Monzo, I have been closely involved with the regulatory aspect of large-scale tech deployments. With this experience, I am now bringing my skills to an area that I believe the tech industry should focus its energy on climate change.”

Ellam has an MBA from London Business School and recently served on UK Finance’s Digital, Technology and Cyber Security Products and Services Board.

Lukky Ahmed, CEO and co-founder at Climate X, said: “I’m delighted that we’re seeing world-class talent join Climate X – to help accelerate our ambitions to solve complicated climate-related challenges through best-in-class technological solutions.

“Andrew brings a wealth of knowledge and skills to the Climate FinTech industry. He will be pivotal in leading a team that will deliver a market-leading platform that customers can use to process trillions of data points, all within seconds, at a global scale and without compromising on security.”

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Climate X’s multi-award-winning platform, Spectra, helps organisations become more resilient to the impacts of climate change by quantifying the probability and severity of weather events decades before they happen.

Spectra delivers location-specific risk ratings, EPC ratings for transition risk and climate-adjusted loss estimates between now and 2100 under multiple climate emission pathways via an easy-to-use SaaS platform or integrated API.