202023 Jan
Moody’s Acquires Risk Intelligence Technology Leader RDC
Type
Acquisitions
Source
Businesswire
Summary

KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--RDC, the global leader in risk intelligence compliance screening, announced today it has entered into a definitive agreement to be acquired by Moody’s Corporation (NYSE:MCO). It will deepen Moody’s experience and expertise as a leader in financial and corporate reporting and analytics, by incorporating RDC’s world’s largest risk-relevant database and innovative technology, including the first-to-market true AI screening solution. It also enables us to re-double our mission of preventing criminal infiltration of the world’s financial system and bringing global transparency to areas of social responsibility such as human trafficking.” Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s is the parent company of Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The compliance screening company provides anti-money laundering and reputational risk software that prevents criminal infiltration of the global financial system, working as an extension of its customers’ compliance and safety teams by providing precise risk alerts and ongoing monitoring for enhanced protection and performance.

Classifications
  • Remediation & exception mngmnt, Fraud & AML
  • Governance, risk and compliance (GRC)
  • Banking (Retail and Investment)
  • Artificial Intelligence & Machine learning
  • Business Intelligence