The EO-FIN consortium successfully passed completed Progress Meeting 5 with ESA in December. As part of this milestone, we delivered 2 reports including the “D2"D2.4 Prototype Identification” Identification" and “D3"D3.1 Prototype Service Description (draft version)”". The next step is to develop the EO multi-physical risk observation service with the highest impact on the sector, including Agricultural agricultural drought observations; Wildfires , wildfire burned area observations; Flood , flood extent mapping ; and Heat heat hazard map. It is expected that This this user-case service offers will offer many benefits to the major financial institutions numerous benefits by being applicable globallythrough its global applicability, the convenience of having several multiple hazard layers in one service, and user-friendly post-processing functionalitiescapabilities.