Economic analysis software provider Moody’s Corp launched an analytical tool powered by generative artificial intelligence (GenAI) called Moody’s Research Assistant, on Tuesday.
The company said using Moody’s extensive proprietary content and the updated large language models (LLMs), this newly launched tool will help customers generate and understand from the width and depth of Moody’s credit research, analytics and data.
Most companies across the various business industries have started to shift towards AI to as it cuts down expenses and improves efficiency in function.
The credit rating firm added, being the first Gen-AI powered research tool that is available for financial market customers, Moody’s Research Assistant will adapt vast amounts of information so users can assess lending or investment opportunities, monitor developments, compare entities, also enhance analytical workflows rapidly and at scale.
Cristina Pieretti, general manager of digital insights for Moody’s Analytics stated, “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,” she added.
The New York-based firm said this tool is the latest chapter in Moody’s integration of AI into its products, solutions, and processes to help decision makers decode risk and unlock opportunities.
A week ago, data analytics firm Fitch Solutions’ subsidiary, GeoQuant was named “Most Innovative Third-Party Technology Vendor – AI & Machine Learning” at the American Financial Technology Awards (AFTA).
Fitch said GeoQuant uses advances in political and computer science to create high-frequency, systematic country risk data and analytics, quantifying more than 40 political risks across 127 countries.
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