# AMERICAN FINANCIAL TECHNOLOGY AWARDS: Best Green IT Initiative: JPMorgan

Datacenters represent 20 percent of JPMorgan’s total energy bill and 80 percent of its carbon footprint, so it was a natural place to begin green investments. By implementing a global internal cloud for risk management, JPMorgan achieved a 50 percent reduction in the compute capacity required for derivatives risk computation. The 14-month project, which cost less than $1 million, allowed the bank to save$6 million in 2009 and reduce its carbon footprint by 4,500 tons of carbon dioxide per year

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#### Waters Wavelength

###### Wavelength Podcast Ep. 218: David Hardoon on AI's Unforeseen Challenges

David Hardoon was formerly at the Monetary Authority of Singapore and is now helping the UnionBank of the Philippines build out its AI strategy.