- Moody’s Corporation recently announced it is buying RBA International (RBA). These are the details about the deal.
Moody’s Corporation recently announced it is buying RBA International (RBA) — which is a leading provider of online retail bank training and certifications. And the acquisition deepens the capabilities of Moody’s Analytics Learning Solutions (MALS), a unit of Moody’s Analytics (MA) that offers online and classroom-based training services as well as credentialing and certification.
London-based RBA offers training programs that cover the depth of skills and knowledge needed to prepare bankers for the evolving retail banking landscape. And Moody’s Analytics offers a diverse portfolio of learning solutions and certifications to advance global financial risk management understanding and proficiency thus enabling better business decisions. RBA is a natural fit with Moody’s and its global customer base as it adds complementary capabilities to a rapidly growing business serving retail and SME banking needs.
Moody’s is buying RBA from Parabellum Investments, which is a privately-owned international investment firm. And the transaction was funded with cash on hand. It is not expected to have a material effect on Moody’s 2020 financial results.
Key Quotes:
“Technological advances and automation have raised the bar for retail bankers to provide a higher level of consultation and service to clients. The combined capabilities of Moody’s Analytics and RBA will help banks enhance the productivity and effectiveness of their retail professionals, which is an imperative in the current business environment.”
-Ari Lehavi, Executive Director of MALS
“RBA was founded to strengthen the status of retail bankers as internationally recognized professionals. We look forward to working as a part of MA to help clients enrich and modernize their skillsets to reflect the dynamic shifts occurring in the retail banking sector.”
-Evelyn Hunter, Director at RBA
