We've updated the navigation on the Passfort help site! To improve the ability to find information on our help site, we've made the following improvements:

• More Quicklinks on the home page -  We've used analytics to uncover our most used pages and given you easier access. 
• APIs - We've added links to all of Moody's Analytics KYC API references to our top navigation.
• Clearer navigation structure -  We now have a clearer navigation structure with our help content classified according to user needs. 

Passfort users can now use the Shell company indicator check to uncover shell company risk within complex corporate structures of potential customers/third parties during onboarding and investigations.

Using our data insights and typology-based rules engine, this tool can be used for screening during supplier due diligence, customer due diligence (CDD) and further investigation as part of enhanced due diligence (EDD).

The Shell company indicator is part of Moody’s Analytics compliance and third-party risk solution that brings together data and automated workflows to help efficiently onboard and assess customers, suppliers, third parties, and other target entities.

It's difficult and time-consuming to identify shell company presence and associated risks. Companies are often deliberately set up with unnecessarily complex corporate structures, to facilitate financial crime, including tax evasion by hiding taxable income and financial assets in a shell corporation within a tax haven.

Even the most sophisticated organizations do not have the in-house data analytics, engineering resources, and subject matter expertise to know where and how to identify shell companies and investigate the risk of doing business with them.

Accessing the Shell company indicator check

You can access the Shell company indicator check from Passfort as a custom check or a data feed on the DataHub.

Contact us

To get started with this check or if you have any questions, email MoodysShellCompanyIndicator@moodys.com or contact your Moody’s Analytics Relationship Manager.
You can read more about the Shell company indicator on our help site. 

Users can now benefit from the new Assess credit risk check that helps to identify companies facing credit issues within their portfolio.

The Assess credit risk check uses Moody’s Analytics' advanced methodologies to identify the credit risk for companies both public and private. Companies are scored on a scale of 0-100 for their credit risk score and additional details are provided including a 1-year point in time probability of default (PD) and Moody’s implied rating.

How it works

The Assess credit risk check is powered by the API of the EDF-X product.

The data provider uses the company data check template.

Credit risk score, PD, and Moody’s implied rating are returned within the Assess credit risk task.

The user can click on the Credit risk score history chart in the check result and see the history of the score over a period of 1 year, 5 years, or a maximum duration. Scores can be shown numerically or based on the descriptive range they fall within.

The Credit risk score details section shows the underlying data the score is derived from including the company’s current PD and Moody’s implied rating, compared to the same values from 6 months in the past.

Peer group data is provided, showing the peer group that the company belongs to and median information for the credit risk score, PD, and implied rating to give additional context to the company being checked.

Thresholds for the highest acceptable score range for a company can be configured in the data provider settings, causing the check to pass or fail based on this threshold.

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The check result for the Moody’s EDF-X Assess credit risk data provider within the Assess credit risk task, including the credit risk score history visualization.

Credit risk score details show the data that the credit risk score is derived from including the PD and Moody’s implied rating.

Out of scope

Data from other EDF-X products.

Using the new Assess credit risk integration

If you’d like us to set this up for you, contact either your Sales Representative or your Relationship Manager or fill out this form.

Useful links

EDF-X:

Coverage in EDF-X

PD Implied Ratings

Model Hierarchy Guide

Implied Rating Mapping

Passfort:

Passfort help site

Passfort users can now benefit from a new Moody’s ESG Score data provider that will run an environmental, social, and governance (ESG) check to evaluate a profile’s ESG scores, including the overall score and the detailed score breakdown.

The Assess ESG check assesses the degree to which companies take into account ESG objectives in the definition and implementation of their strategy and policies. Assess ESG is composed of two scoring methodologies, analyst and predicted scores. Analyst scores are displayed for publicly traded companies when available, otherwise predicted scores that are calculated from a set of models are displayed.

How it works

The ESG data provider makes use of Moody's ESG Scores API.

The data provider uses the company data check template.

There is a banner at the top of the check page that tells you if the scores were generated by Moody's Analytics ESG Analysts (analyst scores) or by Moody's Analytics ESG Score Predictor (predicted scores).

An overall ESG score is provided along with a score for each Thematic pillar. Thematic pillars are environmental, social responsibility, and corporate governance. These three pillars enable users to assess and compare companies' performance in managing ESG-related dependencies to their business and impacts on their stakeholders and the environment.

The Detailed score breakdown shows additional scoring broken into six different criteria scores – business behavior, environment, corporate governance, human rights, human resources, and community involvement.

Each criteria score is further broken down into domain scores which provide a detailed look into the criteria scores that roll up into a thematic pillar, better illustrating the reason for each of the scores.

Thresholds for the overall ESG score and each of the thematic pillars can be configured in the data provider settings, causing the check to pass, partial-pass or fail based on the returned results.

The See historical data section provides previous ESG scores of a profile. This is only available for analyst scores.

The check result for the Moody’s ESG score data provider within the Assess ESG task.

Out of scope

Data from other Moody’s ESG risk solutions.

Using the new Assess ESG integration

If you’d like us to set this up for you, contact your Relationship Manager or fill out this form.

Useful links

Passfort help site

Effective Monday, 16 October 2023, our support platform will change from Zendesk to Salesforce.

This change is part of our ongoing efforts to improve and align Moody's Client Services, ensuring a more streamlined and efficient communication process.

All existing support tickets will be unaffected. To raise a support ticket, you can continue to email us at support@passfort.com.

If you currently utilise the support portal to view tickets, please note that you will no longer be able to access it after this date. There will be no replacement portal at this stage.

If you have any questions, please get in touch with our support team via support@passfort.com.

We’ve been making it easier to use company search in the Passfort portal.

What’s changed?

When using Moody’s Analytics Orbis as the data provider for company search, the search results drop-down list in the Passfort portal now clearly labels any branches of that company. Branches are also moved to the bottom of the search result list.

If a search for a company in the portal returns branches, you will see an icon underneath the company name followed by the text This company is a branch.

Limitations

This feature is only available when using the Moody’s Analytics Orbis integration. If you are using an older version of the Orbis integration, this feature won’t be available. If you’d like to upgrade to the new Moody’s Analytics Orbis integration, contact support.

The change is only in the Passfort portal. No changes have been made to the Passfort API.

What you need to do

This feature will be automatically available to users of the Moody’s Analytics Orbis integration.

You can find out more about adding profiles and about company search in the Passfort help docs. If you have any questions, just get in touch with Support.

Passfort clients can now benefit from a new T-rank data provider that helps to identify beneficial owners.

T-rank uses advanced methods to identify the most powerful shareholders in a company, even when dealing with complex ownership structures such as circular ownership. T-rank’s unique power index reveals who the powerful owners are, and supports combining T-rank’s voter power approach with an integrated ownership approach.

The T-rank integration will be recognizable to users of Orbis.

How it works

• The T-rank data provider makes use of T-rank’s beneficial ownership product.
• The data provider uses the company data check template.
• Beneficial owners are returned within the assess company ownership task. In contrast to the Moody’s Analytics Orbis integration, no other roles are returned by the data provider.
• The beneficial owners identified by T-rank can be added to a verification list using automation and can also be added to the verification list manually within the Passfort portal or API.
• The user can click on the ownership visualization link in the check result and see the organizational structure of the onboarded company in T-rank’s visualisation tool.
• Thresholds for the percentage ownership required before a shareholder is considered a beneficial owner can be configured in the data provider, and the client can choose whether or not they want to include beneficial owners identified through their voter power.

The check result for the T-rank data provider within the assess company ownership task, including the Ownership visualisation link that takes you to T-rank’s interface

The T-rank interface that opens in a new window when you click on the Ownership visualisation link

Out of scope

• Data from other T-rank products
• T-rank data appearing in Passfort’s native org chart

Using the new T-rank integration

If you’d like us to set this up for you, contact us.

Useful links

From T-rank

• Documentation for the T-rank data provider for Passfort
• A marketing page on beneficial ownership discovery
• A whitepaper on beneficial ownership discovery
• Documentation on integrated ownership
• Documentation on shareholder power
• General T-rank documentation

From Passfort

• Help docs on the assess company ownership task
• Help docs on verification lists
• General Passfort documentation

We are postponing our plan to limit the size of the application flag history you can retrieve to the 100 most recent entries.

We previously reached out about upcoming changes to how you can retrieve flag history details from the API. These changes were initially planned for June, but we have postponed the release to later this year. 

We will get in touch ahead of time to notify you of when we will release these changes.

You can now visualize videos and proof of address documents submitted by the customer to the Intelli idbox portal when running Document verification (service collects multiple) checks.

Customers submit their documents to the Intelli idbox portal and, if required, have a videocall with a qualified Intelli idbox agent. The documents, any videos, and the verification results are brought into Passfort’s portal where you can see everything in one place.

To run these checks, you need to have a direct agreement with Intelli idbox.

Contact us to get started, or learn more about our Intelli idbox integration.

Passfort’s portal now supports translations for Spanish and German. These are now selectable in the dropdown menu in the navigation bar

You can track progress in our roadmap portal here

Additional information

Find out more in our help site article here

Help site

The help site is also being translated to match the supported languages, these will be released over the next few months

Support

Our support process will continue to be in English

Out of scope

Note, some text isn't supported for translation such as:

• Fixed Passfort terms will remain in English, such as 'Policy Builder'
• User-generated values (Custom fields, task/product/etc. titles)
• Check results and data returned by third-party providers
• API documentation
• Notification emails