BST Awards 2022: Best buy-side compliance product (KYC)—Moody’s Analytics

Overview

Moody’s Analytics KYC solutions help to assess, screen and monitor individuals and companies to streamline know your customer (KYC) processes, reduce workloads and provide accurate views of risk.

What problem does it address?  

With real-time entity identification and verification by kompany, more than 425 million entities in Orbis, and over 16 million risk profiles on individuals and companies in Grid, Moody’s Analytics’ solutions continuously monitor and screen more than 6 trillion names. PassFort augments Orbis company data, the Grid database and kompany datasets, allowing the New York-based firm to deliver a comprehensive compliance offering. 

Secret sauce 

Moody’s Analytics entity information and analytics expertise, combined with its ongoing investment in the space, constitute one of the industry’s leaders in KYC and due diligence services. The firm continuously curates one of the most comprehensive and contextually rich risk intelligence databases in the industry, allowing its clients to make faster, more judicious business and regulatory decisions.

Recent milestones

• The Grid risk database was integrated into the Orbis entity database to provide clients with a complete view of risk.
• Orbis entity data was integrated into the PassFort workflow tool, allowing customers to run company data checks while onboarding customers.
• PassFort Communicate forms are now available in six languages.

Future objectives 

Sanctions360 is a sanctions investigation and monitoring tool that looks across ownership, close associates and politically exposed persons (PEPs) to uncover hidden sanction risks. Sanctions360 keeps up with constant changes in the sanctions rules across different jurisdictions to simplify the process of finding sanction risk.

Project Iceberg is an AI-driven KYC onboarding tool used to expose and illuminate heightened shell company risk and the hidden risks associated with complex beneficial ownership schemes.

Why they won 

Judging by the number of high-quality entries across the four compliance categories in this year’s BST Awards, it’s fair to say that compliance issues are top-of-mind for buy-side firms and the data and technology firms serving them. Moody’s Analytics is a case in point, winning the KYC variant thanks to its Moody’s Analytics KYC solutions featuring three core offerings: kompany, Orbis and Grid, which combined monitor an astonishing 6 trillion private and company names. The firm’s Sanctions360 offering is set to further enhance the Moody’s Analytics proposition, providing the buy side with a one-stop shop for all their KYC compliance needs.