London, December 3, 2021 – Moody’s Corporation (NYSE:MCO) today announced that it has acquired PassFort, the SaaS RegTech provider automating anti-financial crime and compliance processes.
In addition, Moody’s has also entered into an agreement to acquire 360 kompany AG (Kompany).
Both acquisitions will enhance Moody’s offering to customers, delivering best-in-class solutions for global KYC, anti-money laundering, compliance, and risk management.
“We couldn’t be happier about becoming part of the Moody’s family.” Said Donald Gillies, Co-Founder of PassFort. “It’s been a year of global growth and expansion for PassFort, and this acquisition means we can offer yet more powerful solutions to our customers, while opening up a world of new innovation for the future of RegTech.”
Read the full story
You can read the full Moody’s press release here.
Get in touch
If you have any questions about this announcement, you can direct them to marketing@passfort.com. And if you have any questions about the PassFort solution or would like to discuss KYC for your business you can get in touch using this contact form.