Moody’s Analytics won the RegTech Innovation Award for its software-as-a-service (SaaS) regulatory technology solutions at the 2020 FinTech Breakthrough Awards.
Included among Moody’s SaaS offerings are 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 aims to provide greater flexibility and faster turnaround times for credit risk calculations and regulatory reports. Clients also use it to evaluate potential impacts of future regulations.
Also part of the Banking Cloud Suite is Reporting Studio, Moody’s regulatory reporting-as-a-service solution. Reporting Studio aims to drive business efficiencies and helps institutions respond more quickly to changing regulations.
Moody’s won the award for Best Wealth Management Product in 2019.
“We’re pleased to win again in the FinTech Breakthrough Awards,” Pierre-Etienne Chabanel, managing director of Moody’s Analytics, said. “More firms are seeking to use the cloud for their regulatory needs. This award reflects our success in helping them do that.”
