Moody’s completes acquisition of Kompany to expand Know Your Customer services
After announcing the acquisition in December, 2021, Moody’s has completed its acquisition of 360Kompany AG, a Vienna, Austria-based provider of audit proof business verification. Additionally, Kompany is known for its Know Your Customer (KYC) technology solutions. This acquisition compliments Moody’s existing technology, data and analytical capabilities, while expanding the company’s customer solutions for KYC, anti-money laundering, compliance and counterparty risk. KYC and anti-money laundering solutions have become a necessity for financial enterprises, so improving these services has been a priority for Moody’s Analytics.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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