Prestigious International Awards Program Recognizes Outstanding Financial Technology Products and Companies
NEW YORK, March 30, 2023 /PRNewswire-PRWeb/ -- Moody's Analytics today announced that its EDF-X solution has been recognized as "Best Predictive Analytics Platform" in the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Moody's flagship solution for accelerated financial risk insights and early warning signals, EDF-X, applies the company's time-tested credit models to assess the financial resilience for 450+ million pre-scored companies globally using the best data available. It also provides customized views and targeted alerts for a range of business and credit decisions.
Even in the absence of timely financial statement information, EDF-X still produces reliable risk measures leveraging Moody's curated trove of alternative data, powered by sophisticated machine learning techniques. This proprietary corpus includes, but not limited to, contributory data on trade payment behavior, firmographic and ownership information, and economic forecasts under stressed scenarios. EDF-X's intuitive interface offers a range of advanced analytics to help clients understand the drivers for each assessment and test their sensitivity to different assumptions.
"EDF-X is a true game-changer in how financial institutions and corporations can manage their exposures. With finely-tuned early warning alerts, along with recommended and custom dashboards, the Moody's Analytics team should be commended for a well-deserved 2023 FinTech Breakthrough Award," said James Johnson, Managing Director at FinTech Breakthrough.
"We're delighted to receive this accolade from FinTech Breakthrough. Perhaps more urgently now than in recent memory, clients need to identify well in advance their riskiest exposures so they can focus their limited resources to address what matters most," said Ari Lehavi, General Manager of Predictive Analytics at Moody's Analytics. "Our approach to incorporating a diverse mix of timely signals to identify early indications of financial distress sets us apart from alternative offerings. EDF-X represents our crown achievement in deriving actionable insights from our vast data assets to equip customers with capabilities few can provide."
Leveraging over 50 years of experience modeling credit risk, EDF-X generates financial insights on any company, including timely risk intelligence on all businesses within the world's largest global databases, covering small family-owned businesses to large enterprises, spanning 200+ countries and territories and 190+ million financial statements, and capturing firmographic and ownership details as well as trade payment behavior insights.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
About Moody's Analytics
Moody's Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs. For more information about Moody's Analytics, visit our website or connect with us on Twitter and LinkedIn.
Moody's Analytics, Inc. is a subsidiary of Moody's Corporation (NYSE: MCO). Moody's Corporation reported revenue of $6.2 billion in 2021, employs over 14,000 people worldwide and maintains a presence in more than 40 countries.
James Johnson, FinTech Breakthrough, 213.255.3658, [email protected]
SOURCE FinTech Breakthrough