NEW YORK-Monday 3 August 2020 [ AETOS Wire ]
(BUSINESS WIRE) -- For the second straight year, Moody’s Analytics has won the Risk Technology Awards for IFRS 9 – Enterprise Solution of the Year and IFRS 9 – ECL Modelling Solution of the Year. The two IFRS 9 awards bring the Moody’s Analytics tally to seven in the 2020 Risk Technology Awards program.
The
complexity introduced into financial reporting by the IFRS 9 accounting
standard has proven to be a major challenge. Measuring and reporting on
the future performance of credit portfolios has introduced new data,
analytics, and financial processes. Moody’s Analytics solutions for IFRS
9 are modular and flexible, to help institutions of any size meet the
standard while strengthening their risk management and decision-making
processes.
The ImpairmentStudio™ for IFRS 9 platform
is central to our IFRS 9 offering. This cloud-based software lets
customers automate their impairment analysis while managing and
monitoring their expected credit losses efficiently. The solution
encompasses our award-winning economic forecasts, scenarios, data, and
models.
“We’re
honored to win these two awards again,” said Cris deRitis, Deputy Chief
Economist at Moody’s Analytics. “The upheaval caused by COVID-19
reminds us that the expected credit losses that must be calculated for
IFRS 9 can change quickly and dramatically, given the varying paths the
economy can take. It also underscores the importance of using flexible
impairment tools with credible forecasts for effective risk management.
These awards are a testament to our market-leading capabilities.”
The Risk Technology Awards recognize
outstanding vendors helping the industry in the fields of ALM, credit,
operational risk, and enterprise risk management.
This win adds to the growing list of awards and industry accolades for Moody’s Analytics.
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 and LinkedIn.
Moody's
Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO).
Moody’s Corporation reported revenue of $4.8 billion in 2019, employs
approximately 11,300 people worldwide and maintains a presence in 40
countries.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200803005207/en/
Contacts
JUSTIN BURSZTEIN
Moody’s Analytics Communications
+1.212.553.1163
justin.bursztein@moodys.com
Moody’s Analytics Media Relations
moodysanalytics.com
twitter.com/moodysanalytics
linkedin.com/company/moodysanalytics
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