NEWS | For Immediate Release
LONDON, March 13, 2017 – Moody’s Analytics, a leading global provider of risk management solutions, and Affecto, one of the top information technology companies in the Nordics, are pleased to announce their new strategic collaboration as part of the Moody's Analytics PartnerAlliance program.
Moody's Analytics will provide clients of both firms with its award-winning regulatory compliance solutions, which Affecto will complement with its regulatory and business intelligence expertise, integration, and customer support services. As part of the agreement, Affecto will support the implementation of Moody's Analytics solutions.
"Affecto's capabilities complement those of Moody's Analytics nicely," said Steve Tulenko, Executive Director, Enterprise Risk Solutions at Moody's Analytics. "Its expertise in data management, analytics, and local implementation--along with Affecto's excellent customer care--will help ensure that our shared clients get the best value out of our solutions."
Claus Kruse, Managing Director Denmark & Financial Services at Affecto, was equally confident about the partnership. "In a heavily regulated environment, Moody's Analytics brings a useful and well-tested answer to Nordic banks' needs. We are pleased to have been selected by Moody's Analytics to support their commercial and delivery efforts in this region and are already working on several opportunities leveraging our expertise."
The partnership involves building a center of expertise around Moody's Analytics solutions at Affecto across Nordic markets. The alliance is non-exclusive and both companies remain independent to work with other parties where in the best interest of customers.
Affecto Plc is a Finnish company organized under the laws of Republic of Finland. The shares of the company are listed on Nasdaq OMX Helsinki. Affecto creates business value for its customers by combining information, technology, and insight. Affecto leverages the full data set surrounding contemporary organizations and our services range from information technologies to advanced digital business solutions. Affecto has approximately 1000 experts in Finland, Sweden, Norway, Denmark, Lithuania, Latvia, Poland, and South Africa. A copy of the consolidated financial statements is available on the internet at www.affecto.com or can be obtained at the parent company’s head office, at the address Atomitie 2, FI-00370 Helsinki, Finland.
About Moody’s Analytics
Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $3.6 billion in 2016, employs approximately 10,600 people worldwide and maintains a presence in 36 countries. Further information is available at moodysanalytics.com.