Moody's Corporation has entered into a strategic collaboration with Pegasystems (PEGA) to integrate its entity verification and risk data into Pega's Client Lifecycle Management (CLM) and Know Your Customer (KYC) solutions. This partnership will provide Pega's clients, which include major financial institutions, with direct access to Moody's extensive data on over 600 million global companies. The integration is designed to significantly streamline the customer onboarding, due diligence, and compliance processes for financial firms. By embedding Moody's real-time entity data into Pega's AI-powered workflows, the companies estimate that financial institutions can reduce client onboarding times by up to 30% and decrease data entry errors by as much as 40%. No specific market reaction to the announcement was available.