Strategic partnership for next-gen options constructed on Microsoft Azure OpenAI Service, Microsoft Fabric, and Microsoft Teams and Moody’s proprietary information to empower monetary companies, capital markets, and extra
NEW YORK and REDMOND, Wash. — June 29, 2023 — Moody’s Corporation (NYSE:MCO) and Microsoft (NASDAQ: MSFT) immediately introduced a brand new strategic partnership to ship next-generation information, analytics, analysis, collaboration and threat options for monetary companies and world information employees. Built on a mixture of Moody’s strong information and analytical capabilities and the facility and scale of Microsoft Azure OpenAI Service, the partnership creates progressive choices that improve insights into company intelligence and threat evaluation, powered by Microsoft AI and anchored by Moody’s proprietary information, analytics, and analysis.
Strategic Partnership Highlights
- Microsoft and Moody’s are co-creating new services for analysis and threat evaluation, constructed on Azure OpenAI Service for enhanced information and threat administration.
- “Moody’s CoPilot,” an inside copilot instrument, is now deployed to Moody’s 14,000 world workers, and can mix Moody’s proprietary information, analytics and analysis with the most recent giant language fashions (LLMs) and Microsoft’s world-class generative AI expertise to drive firm-wide innovation and improve worker productiveness in a protected and safe digital sandbox.
- Moody’s is adopting Microsoft Teams to supply a brand new platform for its information employees and clients that can improve collaboration, productiveness, and communication, whereas sustaining the best compliance requirements.
- For inside use and co-innovations, Microsoft is leveraging Moody’s broad vary of options, together with Moody’s Orbis database – one of many world’s strongest databases on firms – with functions that embody third-party reference information, counterparty threat evaluation, and provide chain administration.
- Microsoft and Moody’s will collaborate on the chance to ship information to their shared clients by means of Microsoft Fabric, a brand new analytics platform for end-to-end information administration.
- Moody’s commits to utilizing Microsoft’s Azure cloud platform to energy its rising suite of generative AI capabilities and cloud-based functions.
Rob Fauber, president and chief govt officer of Moody’s Corporation, stated, “Generative AI represents a once-in-a-generation opportunity to enhance how companies navigate the ever-evolving world of exponential risk. By combining Microsoft’s cutting-edge AI capabilities with our proprietary data, research and analytics, Moody’s is positioned to lead the next generation of risk analysis, helping our customers make better decisions by unlocking deeper, more integrated, and unmatched perspectives on risk. We have activated our 14,000 global employees to drive unprecedented experimentation and ignite new innovations across our suite of products and solutions. We are excited to partner with Microsoft to set the standard for how generative AI will pioneer new advancements across our industry.”
Unlocking Advancements in Integrated Risk Analysis
A brand new copilot instrument for purchasers, “Moody’s Research Assistant” will unlock the complete potential of Moody’s sources and options to supply clients with a multifaceted view of threat. Built on Microsoft Azure OpenAI Service and out there by means of a number of channels, together with Microsoft Teams, Moody’s Research Assistant will rapidly compile and summarize advanced data from a number of information sources, all in a protected and safe setting that protects personal and proprietary data. Among its many anticipated makes use of would be the capacity to generate customized, detailed analyses of an organization or sector by seamlessly combining information from throughout a number of dimensions – resembling firmographic information, credit score indicators, financial forecasts, and threat and reputational profiles – to supply quick, contextual and informative solutions based mostly on the combination of expansive LLMs and Moody’s industry-leading information, analytics and analysis.
Bill Borden, company vp of worldwide monetary companies at Microsoft stated, “Our partnership will bring together world-class insights from Moody’s with the capabilities, trust and breadth of Microsoft Cloud — including Azure OpenAI Service, Fabric and Teams — to enable next-gen solutions that will unlock powerful business intelligence and transform productivity and collaboration. We look forward to the new opportunities and value this will bring to employees and firms across banking, capital markets and insurance as well as those in other industries such as manufacturing, telecommunications, transportation and utilities.”
Enhancing Moody’s Collaboration and Productivity by means of Microsoft Teams
Additionally, by means of the partnership, Moody’s will leverage Microsoft Teams to create a brand new collaboration, productiveness and communication platform for its information employees and clients. With the combination of Moody’s copilot instruments, Teams will automate and streamline handbook workflows, present extra environment friendly entry to information and content material, and synthesize and summarize data from throughout a number of information units, leading to higher insights, improved productiveness and compliance, and enhanced worker and buyer experiences.
Collaborating to Enhance the New Microsoft Fabric
Microsoft and Moody’s will collaborate on the chance to ship information to their shared clients by means of Microsoft Fabric, a brand new end-to-end information analytics platform. Microsoft Fabric consists of applied sciences like Azure Synapse Analytics, Azure Data Factory, and Power BI in a single unified product, permitting information engineers alternative to simply join and curate information from a number of sources, eliminating sprawl, whereas higher governing information throughout all the group.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a worldwide built-in threat evaluation agency that empowers organizations to make higher choices. Its information, analytical options and insights assist decision-makers determine alternatives and handle the dangers of doing enterprise with others. We imagine that higher transparency, extra knowledgeable choices, and honest entry to data open the door to shared progress. With roughly 14,000 workers in additional than 40 nations, Moody’s combines worldwide presence with native experience and over a century of expertise in monetary markets.
ABOUT MICROSOFT
Microsoft (Nasdaq “MSFT” @Microsoft) allows digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each group on the planet to realize extra.
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements contained on this launch are forward-looking statements and are based mostly on future expectations, plans and prospects for Moody’s enterprise and operations that contain a variety of dangers and uncertainties. Such statements contain estimates, projections, objectives, forecasts, assumptions and uncertainties that might trigger precise outcomes or outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements. Stockholders and buyers are cautioned to not place undue reliance on these forward-looking statements. The forward-looking statements and different data on this launch are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly complement, replace or revise such statements on a going-forward foundation, whether or not because of subsequent developments, modified expectations or in any other case, besides as required by relevant regulation or regulation. In reference to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Moody’s is figuring out sure components that might trigger precise outcomes to vary, maybe materially, from these indicated by these forward-looking statements. Those components, dangers and uncertainties embody, however should not restricted to: the impression of present financial circumstances, together with capital market disruptions, inflation and associated financial coverage actions by governments in response to inflation, on worldwide credit score markets and on financial exercise, together with on the amount of mergers and acquisitions, and their results on the amount of debt and different securities issued in home and/or world capital markets; the unsure effectiveness and doable collateral penalties of U.S. and overseas authorities initiatives and financial coverage to reply to the present financial local weather, together with instability of monetary establishments, credit score high quality considerations, and different potential impacts of volatility in monetary and credit score markets; the worldwide impression of the Russia – Ukraine army battle on volatility in world monetary markets, on basic financial circumstances and GDP within the U.S. and worldwide, on world relations and on the Company’s personal operations and personnel; different issues that might have an effect on the amount of debt and different securities issued in home and/or world capital markets, together with regulation, elevated utilization of applied sciences which have the potential to accentuate competitors and speed up disruption and disintermediation within the monetary companies {industry}, in addition to the variety of issuances of securities with out scores or securities that are rated or evaluated by non-traditional events; the extent of merger and acquisition exercise within the U.S. and overseas; the unsure effectiveness and doable collateral penalties of U.S. and overseas authorities actions affecting credit score markets, worldwide commerce and financial coverage, together with these associated to tariffs, tax agreements and commerce boundaries; the impression of MIS’s withdrawal of its credit score scores on nations or entities inside nations and of Moody’s not conducting business operations in nations the place political instability warrants such motion; considerations within the market affecting our credibility or in any other case affecting market perceptions of the integrity or utility of impartial credit score company scores; the introduction of competing merchandise or applied sciences by different firms; pricing strain from opponents and/or clients; the extent of success of latest product improvement and world enlargement; the impression of regulation as an NRSRO, the potential for brand new U.S., state and native laws and laws; the potential for elevated competitors and regulation within the EU and different overseas jurisdictions; publicity to litigation associated to our ranking opinions, in addition to another litigation, authorities and regulatory proceedings, investigations and inquiries to which Moody’s could also be topic every so often; provisions in U.S. laws modifying the pleading requirements and EU laws modifying the legal responsibility requirements relevant to credit standing companies in a way hostile to credit standing companies; provisions of EU laws imposing further procedural and substantive necessities on the pricing of companies and the enlargement of supervisory remit to incorporate non-EU scores used for regulatory functions; uncertainty concerning the longer term relationship between the U.S. and China; the doable lack of key workers and the impression of the worldwide labor setting; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or different cybersecurity considerations; the timing and effectiveness of our restructuring packages, such because the 2022 – 2023 Geolocation Restructuring Program; forex and overseas change volatility; the result of any overview by controlling tax authorities of Moody’s world tax planning initiatives; publicity to potential prison sanctions or civil treatments if Moody’s fails to adjust to overseas and U.S. legal guidelines and laws which might be relevant within the jurisdictions during which Moody’s operates, together with information safety and privateness legal guidelines, sanctions legal guidelines, anti-corruption legal guidelines, and native legal guidelines prohibiting corrupt funds to authorities officers; the impression of mergers, acquisitions, resembling our acquisition of RMS, or different enterprise mixtures and the flexibility of Moody’s to efficiently combine acquired companies; the extent of future money flows; the degrees of capital investments; and a decline within the demand for credit score threat administration instruments by monetary establishments. These components, dangers and uncertainties in addition to different dangers and uncertainties that might trigger Moody’s precise outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements are described in higher element beneath “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-Ok for the 12 months ended December 31, 2022, and in different filings made by the Company every so often with the SEC or in supplies included herein or therein. Stockholders and buyers are cautioned that the incidence of any of those components, dangers and uncertainties might trigger the Company’s precise outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements, which might have a fabric and hostile impact on the Company’s enterprise, outcomes of operations and monetary situation. New components might emerge every so often, and it isn’t doable for the Company to foretell new components, nor can the Company assess the potential impact of any new components on it. Forward-looking and different statements on this doc may additionally tackle our company duty progress, plans, and objectives (together with sustainability and environmental issues), and the inclusion of such statements shouldn’t be a sign that these contents are essentially materials to buyers or required to be disclosed within the Company’s filings with the Securities and Exchange Commission. In addition, historic, present, and forward-looking sustainability-related statements could also be based mostly on requirements for measuring progress which might be nonetheless growing, inside controls and processes that proceed to evolve, and assumptions which might be topic to vary sooner or later.
For extra data:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, [email protected]
Moody’s Investor Relations, Shivani Kak, (212) 553, 0298, [email protected]
Moody’s Communications, Michael Adler, (212) 553-4667, [email protected]