Moody’s has launched Maxsight™ unified risk platform, designed to help businesses decode risk and unlock opportunity across third-party relationships, supply chains, and compliance processes.
Organizations face unprecedented risks, from financial crime to geopolitical volatility and extensive global counterparty networks. Moreover, diverse regulations and governance issues, like corporate social responsibility and human and environmental rights, add complexity when managing counterparty risk.
Moody's screening databases record thousands of risk events and create unique risk profiles each day of the year. Consequently, monitoring these risk factors requires teams to understand hundreds of data points, each potentially needing further assessment or investigation.
Here are some illustrated daily risk averages, calculated based on 2023 annual totals from Moody’s global datasets:
• 117 entities per day added to Moody’s global watchlists with links to direct or indirect sanctions
• 286 unique risk profiles (i.e. associated with an individual or entity) per day added to Moody’s screening database with a fraud-related risk code
• 298 unique risk profiles (i.e. associated with an individual or entity) per day added to Moody’s screening database with an organized crime-related risk code
Risk factors are not static; they change continuously. To address this, Moody’s has designed Maxsight™ unified risk platform.
With enhanced data quality and capabilities, this robust infrastructure streamlines data acquisition and helps improve monitoring, reporting, and risk assessments, facilitating a unified view of risk across different workflows.
Maxsight™ also helps bridge the gaps between an organization’s existing data and systems while supporting external data integration, improving scalability. Data interoperability can help all teams in an organization access the same data for different tasks, fostering better decision-making based on shared risk intelligence.
Compliance, operational resilience, the potential for reputational harm, and the drive for best practices mean organizations need to be able to identify multiple risks at any one time and actively address issues with some urgency. As a result, risk management and mitigation are no longer solely the purview of compliance, KYC, procurement, or senior management. Instead, many teams, departments, and individuals must leverage the same critical risk data to make operational and strategic decisions. Maxsight™ provides shared access to robust data, breaking down functional silos, and fostering cross-department collaboration to help simplify risk management and compliance work.
Understanding and managing counterparty data is not just about identifying threats but also about seizing opportunity. In this context, the same data leveraged across an enterprise can facilitate key decisions about who an organization chooses to work with. Maxsight™ executive-level reporting is detailed and customizable, combining sources throughout Moody’s databases to provide a robust view of risk across entities. This intelligence can be leveraged to capitalize on opportunities and make key strategic decisions.
With Maxsight™, organizations can enhance their customer and supplier relationships by leveraging insights from the platform's AI-driven analytics and comprehensive datasets. For instance, start by automating a single process, such as customer or supplier onboarding, then move to sanctions compliance, supply chain risk management, and beyond through one trusted provider.
• Configure role-based user experiences
• Craft customized, automated workflows that spotlight interconnected risks
• Uncover opportunities and surface insights across a counterparty network
With a unified yet adaptable solution, Maxsight™ can empower organizations to work more efficiently, cohesively, and dynamically toward strategic goals and holistic risk management.
Keith Berry, Head of Corporates and Governments at Moody’s, said:
“Today, businesses face unprecedented challenges in managing the interconnected and ever-changing risks associated with their customers, partners and suppliers. Maxsight™ provides organizations with essential insights to build a complete picture of who they are doing business with, mitigate risks, and seize opportunities.”
Helen Rider, Managing Director, Global Sales, Moody’s, added:
"We believe Maxsight™ will be a game-changer for our customers, offering a powerful, unified view of risk that integrates real-time data into automated workflows. This platform will support businesses to navigate complex risk landscapes, from sanctions to compliance to supplier risk management, ensuring that all teams have access to the critical risk information they need to make informed decisions."