NEWS | For Immediate Release
LONDON, November 8, 2017 – Moody’s Analytics has been recognized as a category leader in a new Chartis Research report, IFRS 9 Technology Solutions: Market Update 2017, which includes 15 leading vendors that offer IFRS 9 solutions.
The report examines how financial institutions are responding to the requirements of IFRS 9, and uses Chartis’ FinTech Quadrant™ to analyze how solution vendors are responding to these demands. The FinTech Quadrant™ considers the vendors’ product, technology, and organizational capabilities, with emphasis on their market potential and the completeness of their offerings*.
Moody’s Analytics was one of six vendors recognized as category leaders – firms that combine “deep domain knowledge in various risk topics with deep technology assets and capabilities.”
The report also scored the vendors based on a set of 10 core capabilities. Moody’s Analytics earned a “high” score in five capabilities: stress testing, expected credit loss impairment, data management, model validation and governance, and technology.
According to Hugh Stewart, Research Director at Chartis Research, the scores for Moody’s Analytics reflect the fact that its offerings can meet a range of financial institutions’ requirements, from complex to standardized.
“Financial institutions need tools that help them analyze their portfolios and prepare them to comply with IFRS 9 requirements,” said Andrew Bockelman, Managing Director at Moody’s Analytics. “Whether our clients need better data, new models, or even end-to-end process management tools, our modular solutions and credit risk expertise allow them to meet their unique needs. We are delighted with Chartis’ ranking for our IFRS 9 approach.”
Click here to learn about Moody’s Analytics IFRS 9 solutions.
Click here to learn more about the Chartis report.
*The FinTech Quadrant™ is a trademark of Chartis Research Ltd and is used herein with permission. All rights reserved. The graphic included here was published by Chartis Research as part of a larger research document and should be evaluated in the context of the entire document. Chartis Research does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Chartis Research’s publications consist of the opinions of its research analysts and should not be construed as statements of fact. Chartis Research disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.