trending Market Intelligence /marketintelligence/en/news-insights/trending/qyDUnXIC6K2usHTj8IfR1A2 content esgSubNav
In This List

Moody's buys Deloitte's asset-backed, mortgage-backed securities platform

Blog

Fintech Intelligence Digital Newsletter: May 2021

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Podcast

Street Talk | Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs


Moody's buys Deloitte's asset-backed, mortgage-backed securities platform

Moody's Corp. acquired Deloitte & Touche LLP's ABS Suite, a software platform used for the administration of asset-backed securities and mortgage-backed securities programs.

Financial terms of the deal were not publicly disclosed, and Moody's expects no material impact on its earnings due to the transaction.

Customers of Deloitte's ABS Suite include five of the top eight credit card issuers and five of the top 10 auto finance issuers, according to a news release. The acquisition strengthens Moody’s Analytics' structured finance solutions offering.