NEWS | For Immediate Release
NEW YORK, November 20, 2019 – For the second straight year, Moody's Analytics has won the Current Expected Credit Loss (CECL) category in the Chartis RiskTech100®. It's one of seven categories we won this year to go along with a #4 overall ranking.
At the center of our CECL solution is the cloud-based ImpairmentStudio™ platform. It helps our clients meet their CECL requirements more efficiently, while delivering meaningful business insights. The platform combines Moody's Analytics credit risk data with our best-in-class analytics and deep experience in impairment accounting to let firms identify the risks, and opportunities, that CECL presents.
"We're honored that Chartis has again recognized our industry-leading CECL solution," said Eric Ebel, Managing Director. "With the ImpairmentStudio platform, our clients are able to automate and simplify CECL processes. Equally as important, they're able to look beyond the initial deadlines, at how CECL efforts can help strengthen their overall risk infrastructure."
Now in its 14th year, the RiskTech100® evaluates technology companies that provide risk and compliance solutions to financial institutions. Chartis analysts use a combination of sources to inform their decisions: user surveys, interviews with subject matter experts, customer reference checks, vendor briefings, and other third-party sources.
This win adds to our growing list of awards and industry accolades.
Click here to learn more about the Moody's Analytics CECL solution.
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About Moody’s Analytics
Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody’s Analytics, visit our website or connect with us on Twitter or LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody’s Corporation reported revenue of $4.4 billion in 2018, employs approximately 10,900 people worldwide and maintains a presence in 44 countries.