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Microsoft Unveils Advanced AI Fabric for Moody’s Utilizing Generative Technology

Moody’s, a renowned global player in financial risk assessment, has joined forces with Microsoft to integrate generative AI into its enterprise operations. The collaboration will leverage the Microsoft Azure OpenAI service to unlock research information and enhance risk assessment capabilities at Moody’s. One of the initial deployments will be Moody’s CoPilot, an internal tool that empowers the company’s 14,000 employees worldwide to easily access and query data and research using large language models (LLMs).

In addition to AI advancements, Moody’s is embracing the Microsoft Fabric data management platform, introduced recently, to streamline data management for AI and analytics purposes.

Nick Reed, Chief Product Officer at Moody’s, emphasized the benefits of the new generative AI tools, stating, “Users will leverage the technology to access tailored risk data and insights drawn from across Moody’s vast body of risk data, analytics, and research.”

Moody’s decision to adopt generative AI aligns with a growing trend in various industries, including financial services. Just last month, JPMorgan revealed plans for an investment service similar to ChatGPT.

Reed explained that Moody’s has already integrated traditional AI technologies into its solutions to scale and accelerate informed decision-making in risk assessment. However, the evaluation of generative AI became necessary when the rapid advancements in the field indicated that it could further harness the power of Moody’s proprietary data, analytics, and research to deliver new value and opportunities to customers.

By combining their extensive knowledge and opinions with Microsoft’s generative AI technology, Moody’s Copilot aims to seamlessly merge insights from different risk areas, such as credit risk, ESG exposure, and supply chain management. The goal is to eliminate existing silos and provide users with comprehensive risk information and insights.

Compliance, security, and enterprise AI are vital considerations in Moody’s partnership with Microsoft. Bill Borden, Corporate VP of Worldwide Financial Services at Microsoft, highlighted the importance of integrating generative AI with existing processes while meeting the strict security and compliance requirements of Moody’s. Microsoft’s established foundation in these areas positions it well to support financial service firms in their digital transformation journey, with a deep understanding of global regulations and robust controls and governance models.

In addition to leveraging the Microsoft Azure OpenAI service, Moody’s is utilizing the newly announced Microsoft Fabric data technology. Fabric enables Moody’s users to simplify data viewing and analysis by consolidating multiple data sources. With a wide range of proprietary risk data in areas such as credit, ESG, commercial real estate, and supply chain, Moody’s is exploring various use cases of Fabric to optimize its data strategies.

Microsoft’s Fabric serves as an integrated platform for horizontal data capabilities, providing customers with enhanced data management, governance, data cataloging, and valuable insights to support their data strategies in industries like banking, capital markets, and insurance.