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For Immediate Release
Moody's KMV and Fusion Technology Announce Integrated Platform for Active Credit Portfolio Management
New Offering Provides An Easy-to-Implement Desktop Solution For Banking Analytics
NEW YORK, February 23, 2004 - Moody's KMV, a subsidiary of Moody's Corporation, and Fusion Technology Group announced today a strategic relationship to provide an integrated application of Moody's KMV's DealAnalyzer™ and Fusion's Portfolio Insight™ products. The newly created platform enables the two firms to offer clients a single flexible solution for enterprise-wide risk-based pricing and active management of loan portfolios.
Moody's KMV DealAnalyzer extends active portfolio management to the loan origination process, enabling amplified efficiencies in loan pricing.
Portfolio Insight is an integrated credit risk management decision support system that allows banks to centralize all credit and loss data in a single repository that is accessible by users throughout the organization.
Fusion developed the technology to incorporate DealAnalyzer with its Portfolio Insight product. The integrated platform provides the framework for clients to roll out their portfolio and capital models to the front office, allowing every credit exposure to be originated from a portfolio risk perspective. The combined offering provides users with a single source of credit information, deal entry and reporting tools while allowing for rapid, enterprise-wide deployment of information via its innovative data consolidation tools.
"We are excited to have Fusion as an integration partner," said Moody's KMV co-head of Product Management and Research Jeff Bohn. "Fusion has powerful enabling technology and a history of on-time/on-budget project delivery. We're confident that this partnership will add significant value to the implementation of our DealAnalyzer application."
Fusion Technology Group Founder, Ray Camrass, stated: "The combination of Moody's KMV's proven market leadership in credit risk modeling, software, and portfolio technologies and Fusion Technology's software and data integration skills takes portfolio management to another level of sophistication, accuracy and ease of use."
About Moody’s KMV
Moody’s KMV, a wholly owned subsidiary of Moody's Corporation, is the world’s leading provider of quantitative credit risk analysis tools to lenders, investors, and corporations. Moody’s KMV's tools provide current default probabilities, recovery estimates, valuations and correlations, and are widely used to assess portfolio risk/return. Serving over 2,000 clients in 80 countries, including most of the world's 100 largest financial institutions, Moody’s KMV maintains the largest and cleanest database of corporate defaults in the world. In addition to its San Francisco headquarters, Moody’s KMV has offices around the world to serve its global customer base.
About Moody's Corporation
Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, and Moody's KMV, the leading provider of market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions. The corporation, which reported revenue of $1.2 billion in 2003, employs approximately 2,300 people worldwide and maintains offices in 18 countries. Further information is available at www.moodys.com.
About Fusion Technology Group
Founded in 1996, Fusion has become a worldwide leader in implementing decision support systems and consulting services in the areas of enterprise-wide Credit Risk, Capital Allocation Models and Active Portfolio Management. Fusion is the winner of the 2003 Consensus Award, granted by the Australian government, for excellence in innovation for its Portfolio Insight product. Further information is available at www.fusiongrp.com.
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