Moody's Analytics and Inlaks announce collaboration in West Africa
NEWS | For Immediate Release
LONDON, JUNE 1, 2017 – Moody's Analytics, a leading global provider of risk management solutions, and Inlaks, a leading infrastructure solution provider in Nigeria and West Africa, are pleased to announce their new collaboration as part of the Moody's Analytics PartnerAlliance program.
This partnership will allow Moody's Analytics to provide clients of both firms with its award-winning regulatory and risk management solutions, which Inlaks will complement with its local business expertise and in-country support to Nigerian banks.
"Moody's Analytics offers Nigerian banks a unique range of expert solutions to help make informed corporate lending decisions and meet evolving regulatory requirements. Whilst we already have a comprehensive footprint in Nigeria, our partnership with Inlaks will offer closer proximity to our local banking clients and support the further adoption of our solutions in this important market," said Andy Frepp, Managing Director, Enterprise Risk Solutions at Moody's Analytics.
Femi Adeoti, Managing Director and Chief Executive Officer, African Operations at Inlaks, was equally confident about this partnership. "By using one flexible and secure platform that combines financial spreading, credit analysis, and robust data storage features, banks can better assess their counterparty risk profile as part of the lending decision process and gain a comprehensive and consistent view of their exposure. Moody's Analytics is perfectly placed to bring an answer to Nigerian and West African banks' needs and we look forward to working together with them."
As part of this partnership, Inlaks will create a center of expertise to help firms implement and support Moody's Analytics solutions in West Africa. By leveraging Inlaks' technical expertise and 24-hour local support, banks using Moody's Analytics solutions will also benefit from effective turnaround time on support-related issues.
This alliance is non-exclusive, and both companies remain independent to collaborate with other parties in the best interest of clients.
Inlaks is a leading ICT solutions provider across the sub-Saharan Africa region. Established in 1982, Inlaks has, over the years propelled its self to the forefront of innovative solution enablers; specializing in the deployment of dynamic and highly scalable ICT infrastructure solutions that satisfy the fast evolving requirements of the financial, industrial, distribution, telecommunication, oil and gas and utilities sector of the Sub-Saharan Economy.
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 10,700 people worldwide and maintains a presence in 36 countries. Further information is available at moodysanalytics.com.