London, December 3, 2021 – Moody’s Corporation (NYSE:MCO) has today announced that it has acquired PassFort, the SaaS RegTech provider automating anti-financial crime and compliance processes. In addition, it 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, CEO and 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.”