التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
Moody’s Analytics Repeats IFRS 9 Wins at Risk Technology
Awards
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.
