Moody’s incorporates climate risk into its credit lifecycle management platform
Financial intelligence and analytical tools Moody’s Analytics announced the addition of climate risk assessment in the CreditLens solution, its flagship credit lifecycle management platform.
Moody’s CreditLens platform aims to help financial institutions make better commercial lending decisions, digitally transforming and automating credit processes, applying artificial intelligence and machine learning.
The integration of climate risk assessment capabilities in the platform aims to help inform credit decisions by enabling lenders to assess the impact of climate on their customers’ credit quality. According to Moody’s, the platform will allow users to understand how climate risk impacts credit quality, manage climate risk assessment as part of the origination process, and address changing regulatory requirements and stakeholder expectations.
Eric Ebel, Managing Director, Banking Solutions at Moody’s Analytics, said:
“The growing climate crisis has spurred our customers to manage a wider range of risks than ever before. Under increasing regulatory and market pressure worldwide, forward-thinking financial institutions are looking to incorporate climate risk into their credit decisioning process.”