Risk assessment firm Moody’s has introduced Moody’s Research Assistant, a search and analytical tool driven by generative artificial intelligence (GenAI), to bolster analytic insights.

Moody’s Research Assistant utilises the company’s proprietary content and the latest large language models (LLMs) to support customers in generating new insights from Moody’s credit research, data, and analytics.

The new genAI-driven research tool synthesises vast amounts of information to allow users to assess lending or investment opportunities, monitor developments, compare entities, and improve analytical workflows quickly and at scale.

Moody’s Research Assistant will also enable users to generate more holistic risk insights faster by combining Moody’s comprehensive proprietary content and the latest GenAI technology.

The new tool is available as an add-on to Moody’s ratings and research solution CreditView.

By leveraging Microsoft’s Azure OpenAI service and advanced language processing technology, Moody’s Research Assistant complements CreditView’s existing information retrieval system.

The new tool helps in effectively identifying significant entities, industries, and geographical regions within textual content.

Moody’s Research Assistant comprises the latest rating actions, credit opinions as well as research reports from Moody’s Investors Service to give real-time answers for users.

The new product is expected to expand to utilise more of Moody’s data and content across risk domains including climate, cyber, credit, compliance, supply chain, and others.

According to Moody’s, the Moody’s Research Assistant will save up to 27% of user’s time spent on carrying out the typical tasks and functions of a financial analyst.

Moody’s Analytics digital insights general manager 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.”