Technology developer for the capital markets Moody’s Corporation has acquired RDC, a risk intelligence compliance screening solution.
Through the deal, Moody’s Analytics’ Bureau van Dijk, a business intelligence and company data platform, will be able to extend its range of data solutions. It will also improve Moody’s reporting and analytics expertise by integrating RDC’s risk-relevant database.
Moody’s supports the capital markets industry by supplying credit ratings, research, tools and analysis to help improve the transparency of the financial markets.
RDC is a compliance screening platform which offers anti-money laundering and reputational risk software that stops criminal infiltration. The solution delivers automated, intelligent customer screening and decision-ready intelligence to boost KYC and AML processes.
RDC CEO Tom Walsh said, “Joining the Moody’s Analytics team is thrilling as it positions RDC to broaden our risk intelligence technology solutions as part of a leading provider of market and entity information and analytics to global financial institutions.
“Joining BvD, under the Moody’s Analytics umbrella, will help us to expand and extend our artificial intelligence leadership position. 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 acquiring RDC from Vista Equity Partners.
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