Moody’s innovates with GenAI: Introducing Moody’s Research assistant

Moody's innovates with GenAI: Introducing Moody's Research sssistant

Moody’s Corporation, a global integrated risk assessment firm, has launched Research Assistant, a new generative AI-powered tool that supports analytic insights. 

The new product, Moody’s Research Assistant, addresses a critical need in the financial market. In today’s complex risk landscape, financial market participants require in-depth analysis of an array of research and data across various risk domains. Moody’s Research Assistant, driven by generative artificial intelligence (GenAI), is set to revolutionize this process.

Moody’s specializes in offering data, analytical solutions, and insights that aid decision-makers in identifying opportunities and managing risks associated with business dealings. The firm’s commitment to transparency, informed decisions, and equitable information access is a cornerstone of its philosophy.

Moody’s Research Assistant stands out as a first-of-its-kind search and analytical tool in the FinTech sector. Leveraging Moody’s vast proprietary content and cutting-edge large language models (LLMs), it enables users to generate new insights from Moody’s comprehensive credit research, data, and analytics. This tool is designed to enhance analytical workflows, allowing rapid and large-scale assessment of lending or investment opportunities, monitoring developments, comparing entities, and more.

What sets Moody’s Research Assistant apart is its ability to synthesize vast amounts of information rapidly. This enables users to generate more holistic risk insights at an unprecedented pace. The tool is available as an add-on to CreditView, Moody’s flagship ratings and research solution, and uses Microsoft’s Azure OpenAI Service.

The benefits of using Moody’s Research Assistant are significant. Pilot users reported substantial gains in productivity and effectiveness, with up to 80% time savings in data collection and 50% in analysis. This translates to a potential overall time saving of 27% in typical financial analyst tasks.

The launch of this innovative tool is a part of Moody’s continuous integration of AI into its products and solutions, underlining its commitment to evolving with urgency, empowering employees, and prioritizing customer impact.

Moody’s Analytics General Manager of Digital Insights, Cristina Pieretti said, “For financial market participants, successfully navigating today’s complex risk landscape requires resource-intensive analysis of a vast array of research and data across a number of risk domains. With Moody’s Research Assistant, analysis that used to take hours can now be accomplished in minutes, freeing up more time for strategic decision-making.”

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