Moody’s Analytics, a globally recognized company in its provision of financial intelligence, has carted away two 2019 Risk Technology Awards for its IFRS 9 solutions. These awards are:
IFRS 9 – Enterprise Solution of the Year
IFRS 9 – ECL Modelling Solution of the Year
The International Financial Reporting Standard (IFRS) 9 as well as the Current Expected Credit Loss (CECL) accounting standards call for financial institutions to check and report concerning the future performance of their portfolios as well as their businesses. While firms of every size must match up with these standards, every institution is bent to face some challenges which are unique to them.
Moody’s Analytics provides modular as well as flexible solutions to match up with these unique needs, such as advisory services, forecast scenarios, and ImpairmentCalc™ software which is a good mix of award-winning data, models, as well as analytical and reporting tools.
Cris deRitis, Deputy Chief Economist reported that several financial institutions must better their ability to quantify expected credit losses for IFRS 9 and CECL. Cris also spoke on how their solutions assist them with IFRS 9 and CECL, allow them to manage risk in better ways and assist them in making better and faster decisions.
In accordance with the words of this year’s award judges, Moody’s Analytics provides a well-grounded solution to IFRS 9 as well as expected credit loss.
The wins of the company is only an addition to their constantly increasing list of awards and industry accolades.
Moody’s Analytics supplies financial intelligence as well as analytical tools to assist business leaders in their making of well-informed, quicker and better decisions. Their grounded risk expertise, extensive resources for information and creative application of technology assist our clients in confidently navigating an improving marketplace.