Moody’s Analytics, a global provider of financial intelligence, has won the RegTech Innovation Award at the 2020 FinTech Breakthrough Awards. They earned this award for their software-as-a-service (SaaS) regulatory technology solutions. Last year, they also won the award for Best Wealth Management Product.
Several offerings contributed to this year’s win, starting with Banking Cloud, a suite of cloud-native SaaS solutions to help banks address regulatory requirements while removing the need for on-premises software deployment and maintenance. Launched in July 2019, Banking Cloud Credit Risk offers greater flexibility and faster turnaround times for credit risk calculations and regulatory reports. Clients also use it to evaluate potential impacts of future regulations, promoting better, faster decisions.
Part of the Banking Cloud Suite is Reporting Studio, their regulatory reporting-as-a-service solution. Reporting Studio drives business efficiencies and helps institutions respond more quickly to changing regulations.
“We’re pleased to win again in the FinTech Breakthrough Awards. More firms are seeking to use the cloud for their regulatory needs. This award reflects our success in helping them do that.”Pierre-Etienne Chabanel, Managing Director, Moody’s Analytics.