Moody’s Snaps up Regulatory DataCorp to Create Global Compliance Solutions Leader

The addition of RDC’s comprehensive and unique dataset will increase Bureau van Dijk’s analytical capabilities and information portfolio.

Moody’s Corporation, a US business and financial services company, has entered into an agreement for the acquisition of Regulatory DataCorp (RDC), a risk intelligence and automated customer screening solutions provider with international headquarters in London. The approximately $700 million acquisition will help Bureau van Dijk (BvD), a Moody’s Analytics company, in extending its range of data solutions and strengthening its analytical capabilities and information portfolio. According to RDC, this will help create a global leader in know your customer and anti-money laundering data and due diligence services. On the other hand, the acquisition will expand RDC’s global presence to a wider group of government agencies, insurance firms, corporations, and financial organizations that Moody’s Analytics and BvD serve.

“RDC’s leading technology and comprehensive data are at the forefront of the global effort to prevent criminal infiltration of the financial system and identify sources of counterparty risk. The addition of proprietary technology and data of RDC to comprehensive company information offerings of BvD provides an industry-leading platform that’ll be helping customers in making better informed decisions as they manage anti-money laundering and know your customer requirements and risks,” said Executive Director of the BvD division of Moody’s Analytics, Dan Russell.

Transaction expected to close in Q1 2020

“Joining the Moody’s Analytics team is thrilling as it positions our company to widen its risk intelligence technology solutions as part of a leading entity and market information and analytics provider to global financial institutions. Joining BvD, under the umbrella of Moody’s Analytics, will be helping our company to extend and expand its AI leadership position. It also enables our company to redouble its mission to bring global transparency to areas of social responsibility such as human trafficking and prevent criminal infiltration of the world’s financial system,” said Tom Walsh, CEO of RDC.

Subject to customary closing conditions, the acquisition is expected to complete in Q1 2020. It will help Moody’s to further increase its expertise and experience as a leader in corporate and financial analytics and reporting.

Leave a Reply

Your email address will not be published. Required fields are marked *