Ernst & Young US (EY US) and financial intelligence and analytical tools provider Moody’s Analytics have partnered to support organisations to make better data-driven business decisions and manage risk.

The cooperation between the parties will expand to certain global locations over time.

Through the partnership, EY US and Moody’s Analytics aim to help clients use data and analytics to comprehend their markets, customers and operations.

The engagement will support customers to efficiently measure and manage credit, market, liquidity, operational, actuarial and environmental, social and governance (ESG) risks.

Ernst & Young EY-Moody’s alliance leader Gregory Vardi said: “Working together with Moody’s will help organisations make informed decisions with greater confidence. This Alliance supports EY clients to better understand and manage their financial crime, financial, operational and ESG risks.

“EY teams are now in an even stronger position to help organisations navigate the complexities of the digital age and achieve their goals. The EY US and Moody’s collaboration will be a compelling value proposition for clients.”

Besides, the collaboration will bring together EY teams’ consulting capabilities and Moody’s Analytics tools, models and data across risk domains.

It will enable clients to access trusted and extensive data from a technology solutions and data provider along with implementation support.

Moody’s Analytics global sales general manager Helen Rider said: “Aligning EY US’ consulting capabilities with Moody’s award-winning data and technology solutions will provide customers with a 360-degree view of their businesses, strengthening their ability to anticipate and manage risk.

“We are confident that the Alliance will create significant value for our business and look forward to working with EY US.”

Earlier this year, EY US joined forces with low-code process automation firm Appian to assist customers on their digital transformation journey using intelligent automation and process mining.

The collaboration was expected to support organisations within the financial services sector to adapt and respond to the quickly changing business environment.