Moody's Analytics Wins 2022 Artificial Intelligence Breakthrough Award

By Cindi Choi.
Updated Jul 7, 2022

LOS ANGELES (PRWEB) July 07, 2022 - AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market, today announced that Moodys Analytics has been selected as the winner of the Best AI-based Solution for Fraud Prevention award in the fifth annual AI Breakthrough Awards program.

The 2022 AI Breakthrough Award recognizes Moodys Analytics AI Review, an intelligent screening and customer onboarding solution. AI Review uses machine learning (ML) to automatically screen portfolios and generate a decision score that identifies and prioritizes entities for review.

AI Review leverages the Moodys Analytics MLFabric platform, a modular, cloud-based engine that operationalizes deep learning and ML models, allowing customers to deploy and reuse AI workflows at scale. MLFabrics AI-as-a-service framework enables custom AI models (trained on Moodys data) to be deployed as microservices, and integrated into new and existing solutions seamlessly.

AI Reviews ML model is trained by proprietary screening data comprised of twenty years of alert decisions by Moodys Know Your Customer (KYC) in-house risk analysts. AI Review is configured to reflect each customers unique risk tolerance threshold, enabling intelligent, bespoke screening workflows. The solution improves speeds time to decisioning by identifying risks and reducing false positives.

Moodys Analytics is committed to leveraging our best-in-class technology and risk insights to deliver tools that empower our customers to make better, faster decisions, said Keith Berry, General Manager of Moodys KYC business. AI Review and its machine learning capabilities are the perfect example of how we relentlessly innovate to help our customers respond to an evolving marketplace with confidence.

As part of their regulatory compliance obligations, banks and other financial institutions must implement Know Your Customer and anti-money laundering (AML) controls and with this KYC and AML teams receive a high number of alerts, all of which need to be manually reviewed by analysts before an action is taken, said James Johnson, Managing Director, AI Breakthrough. One of many issues with this complex task is that a problem can become amplified when banks face high levels of false positives. AI Review is a breakthrough solution that can reduce the volume of screening alerts that need to be manually reviewed by up to 80%, saving an inordinate amount valued time and money for clients. Congratulations to Moodys Analytics for winning a well-deserved AI Breakthrough Award.

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About AI Breakthrough Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com.

About Moodys Analytics Moodys 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 Moodys 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.