NEWS | For Immediate Release
NEW YORK, June 8, 2018 – Moody’s Analytics, a leading provider of financial intelligence, has differentiated itself among category leaders in a new Chartis Research report that evaluates 17 vendors offering Current Expected Credit Loss (CECL) solutions. We earned this distinction for our cloud-based ImpairmentStudio™ solution, which automates and simplifies the complex processes needed to meet the new accounting standard.
“We’re honored that Chartis has recognized our best-in-class capabilities,” said Eric Ebel, Managing Director at Moody’s Analytics. “With the ImpairmentStudio solution, firms can apply our technology to meet the new CECL requirements more efficiently and gain meaningful insight into their business.”
The ImpairmentStudio solution combines our deep expertise in credit risk with best practices in accounting, delivered by our award-winning technology. Firms can use it to meet the CECL standard and leverage our tools to enhance their analytic capabilities. What sets the ImpairmentStudio solution apart is how banks can gain real business value from using it for their CECL implementation – from improving their credit risk practices to gaining a fuller understanding of their operations, leading to better business decisions.
CECL Technology Solutions 2018 is the first report Chartis Research has published on CECL solutions. It uses Chartis’ FinTech Quadrant® methodology, which takes into account vendors’ technology, product, and organizational capabilities while emphasizing the completeness of their offerings and their market potential.
In May, we earned the top position in Chartis’ Balance Sheet Management Technology 2018, which evaluated 12 balance sheet management vendors. We also secured the top spot among 19 vendors in Chartis’ Technology Solutions for Credit Risk 2.0 2018, in the report’s FinTech Quadrant® focusing on the banking book. Last year, we earned the top position among 16 insurance risk management system vendors in Chartis’ Risk Management Systems for the Insurance Industry: Market Update 2017.
These accolades and our other industry awards help distinguish Moody’s Analytics. They reflect the breadth and overall strength of our offerings, and how we are viewed by the market.
Click here to learn more about the ImpairmentStudio™ solution.
Click here for a recent article from Moody’s Analytics experts that explores the value organizations can derive from CECL, beyond compliance.
About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools supporting our clients’ growth, efficiency, and risk management objectives. The combination of our unparalleled expertise in risk, expansive information resources, and innovative application of technology, helps today’s business leaders confidently navigate an evolving marketplace. We are recognized for our industry-leading solutions, comprising research, data, software, and professional services, assembled to deliver a seamless customer experience. Thousands of organizations worldwide have made us their trusted partner because of our uncompromising commitment to quality, client service, and integrity.
Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO). MCO reported revenue of $4.2 billion in 2017, employs approximately 11,900 people worldwide and maintains a presence in 41 countries. Further information about Moody’s Analytics is available at www.moodysanalytics.com.
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Further information is available at chartis-research.com.
RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Chartis Research (chartis-research.com).