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Laxman Pai, Opalesque Asia:

American business and financial services company Moody's Corporation has acquired RiskFirst, a FinTech company providing risk analytics solutions for the asset management and pension fund communities.

The credit rating provider also has purchased a controlling stake in climate risk analysis firm Four Twenty Seven, helps investors and companies integrate climate change risk into their investment decisions.

The acquisition of RiskFirst positions Moody's Analytics to extend its range of market-leading risk solutions to the institutional buy-side.

RiskFirst's PFaroe platform is a solution for U.S. and U.K. defined benefit pension markets, supporting over 3,000 plans and more than $1.4 trillion in assets. RiskFirst also offers innovative solutions for the institutional investment market, including endowments, foundations, and asset managers.

"RiskFirst sits at the heart of the buy-side and asset owner ecosystem and is known for its specialized expertise and high-quality products," said Mark Almeida, President of Moody's Analytics. "Adding RiskFirst's platform to Moody's Analytics' product offering creates significant opportunities for growth and demonstrates our commitment to extend our reach and capabilities to the buy-side and asset owner community."

Asset owners are increasingly seeking more sophisticated risk solutions, supported by advanced technology and analytics, to address growing financial management, funding......................

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