Asia Risk Awards 2019
IFRS 9 Product of the Year
About This Award
Sponsor
Infopro Digital, the publisher of Asia Risk, Risk Magazine, and Risk.net, is a leading player in business-to-business information and services. It offers multimedia products and solutions such as analysis and insight, events, and training.
How Winners Are Chosen
The Asia Risk Award winners are decided by a panel of judges selected by the editors of Asia Risk. In 2019, the judging process took three months. The reason for each decision is explained in Asia Risk Magazine and Risk.net.
Learn More About This Award
Article
"Moving on from satisfying accounting needs for the standard, he adds that its clients are looking at how to use Moody’s Analytics IFRS 9 solution."...
Press Release
"Moody’s Analytics, a global provider of financial intelligence, has won the IFRS 9 Product of the Year category at the Asia Risk Awards 2019."...
Judges' Comments
"Moody’s Analytics is a genuine one-stop-shop. I like Moody’s Analytics overall vision and architecture."
About ImpairmentStudio™
About ImpairmentStudio™
The Moody’s Analytics ImpairmentStudio solution has been specifically designed with the needs of community/regional banks, credit unions, and insurers in mind. It allows CECL users to automate and simplify the complex processes required to meet the new accounting standard. Moody’s Analytics combines its rich credit risk data, best-in-class analytics, and impairment accounting experience in this new cloud-based platform, which is celebrated for its completeness and broad CECL automation capabilities.
Judges' Comments
"The solution has a good modular approach and strong support."
About RiskConfidence™ Impairment
About RiskConfidence™ Impairment
Moody’s Analytics RiskConfidence Impairment software is a strategic platform that enables the end-to-end orchestration and automation of expected credit loss (ECL) calculations. The solution facilitates data management, model automation, and impairment calculation and reporting, empowering your organization with transparency, control, auditability, traceability, and repeatability.
Judges' Comments
"Moody’s Analytics provides a full product suite and has a wide clientele."
About ImpairmentCalc™
About ImpairmentCalc™
The ImpairmentCalc software provides expected credit loss impairment calculations by taking user-defined asset classifications, credit risk measures, and IFRS 9 and CECL guidance to produce loss allowance. It converts internal rating or through-the-cycle probability of default (PD) that aligns with IFRS 9 requirements.