Moody’s Analytics wins 5 awards in 2019 Chartis RiskTech100

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, a global provider of financial intelligence, has won five solution category awards in the : CECL, IFRS 9, Balance Sheet Risk Management, Credit Risk for the Banking Book, and Model Validation.

“We’re honored by the recognition we received in this year’s RiskTech100,” said Jacob Grotta, Managing Director-Head of Risk & Finance Analytics. “Winning five categories demonstrates that our solutions are empowering financial professionals across the lending, risk, and finance functions to make better, faster decisions.”

We have now won the Credit Risk category for three straight years, reflecting both our deep credit experience and our continued investment and innovation in our wholesale and consumer credit assessment and origination solutions. This win follows our earning a Category Leader position in a Chartis Research report that analyzed vendors of credit risk solutions for the banking book last May.

Our win in the Balance Sheet Risk Management category similarly follows our Category Leader position in a March Chartis Research report assessing leading vendors of balance sheet management systems for banks. Our integrated solution – implemented on-premise or in the cloud – lets banks manage their ALM and liquidity risk while meeting regulatory and other business needs.

Our two wins in the Current Expected Credit Loss (CECL) and IFRS 9 categories reflect how we combine credit risk expertise with accounting best practices to automate and simplify processes under the new global allowance standards. Our flexible and transparent solutions integrate our award-winning credit risk analytics, economic forecasts, and balance sheet forecasting capabilities to allow firms to meet the new standard and prepare for the future, by leveraging these processes to drive business value.

In May, we were rated as a Category Leader in a Chartis Research report that assessed leading vendors of CECL solutions. We also earned the distinction of Category Leader in a 2017 Chartis Research report comparing leading vendors of IFRS 9 solutions.

Model validation is a new category in this year’s RiskTech100 awards, reflecting the growing need for the effective and transparent management of risk models used in the daily business of financial institutions. Our solution combines our deep credit risk expertise, focus on sound model risk management, and industry-leading technology to provide a collaborative process for model validation and monitoring. Firms can use our solution to reduce the time and effort in these essential processes by combining our internal best practices with their unique requirements in an auditable, repeatable, and transparent manner that fuels collaboration and shared knowledge across the organization.

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Tata Communications gets local telecom license in Saudi Arabia

Under Type B telecom license, Tata Communications will be able to provide Internet Service Provider and related telecom services to enterprises in a defined capacity, along with local currency billing for end-customers
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