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Moody’s Analytics selected for data consolidation and risk correlation analysis by Italy’s Banco Popolare

Moody’s Analytics announced today its agreement with Italy’s Group Banco Popolare to provide the bank with an integrated risk and performance management platform. This agreement reinforces Moody’s Analytics’ commitment to the Italian market as the pre-eminent provider of risk management solutions to the global banking and insurance industry.

Banco Popolare’s decision supports its strategy to consolidate its risk information in one central location, giving it a single view of its enterprise-wide risk with the added benefit of being able to stress risk indicators and analyse risk correlation. “The Fermat DataMart from Moody’s Analytics offers the distinct advantage of a complete, centralised and consolidated view of our data, backed up by Moody’s Analytics’ excellent reputation for integrated risk management in the marketplace,” explains Luca Marini, Head of IT, Finance Department, Banco Popolare.

Banco Popolare selected Moody’s Analytics following an exhaustive evaluation of various solution providers. “Our greatest challenge was finding an efficient platform which allows rapid and consistent data consolidation from the multiple source systems we use. From the outset we were impressed by Moody’s Analytics’ flexible and robust capabilities and experience in successfully managing large and complex enterprise risk management projects,” says Luca Marini.

Moody’s Analytics’ risk management platform allows financial services companies to operate a complete, enterprise-wide risk management solution within a single, open operating environment. More than 120 financial services companies worldwide benefit from consistent data consolidation, faster data loading, comprehensive reporting and complete audit and tracking capabilities.

“Moody’s Analytics is pleased to enter into this agreement with Banco Popolare, underscoring our commitment to serving the Italian banking market with market-leading integrated risk management solutions. The recent market turmoil has placed greater emphasis on the quality and accessibility of risk management data within organisations as well as a renewed focus on liquidity management,” says Alessio Balduini, Managing Director Product Specialists at Moody’s Analytics.