Financial institutions frequently encounter intricate risk and regulatory issues due to evolving supervisory mandates and shifts in business models. The EY-Moody's Alliance helps clients leverage data and analytics to understand their markets, customers, and operations. This facilitates them in effectively measuring and managing credit, market, liquidity, operational, actuarial, and environmental, social, and governance (ESG) risks.
The collaboration brings together EY teams’ consulting capabilities with Moody’s Analytics tools, models, and data across risk domains. This will help provide clients with trusted and extensive data from a technology solutions and data provider, as well as implementation support.
Officials from EY said that working together with Moody’s will help organisations make informed decisions with greater confidence. This Alliance supports EY clients to better understand and manage their financial crime, financial, operational, and ESG risks. EY teams are now in an even stronger position to help clients navigate the complexities of the digital age and achieve their goals.
Also commenting on this development, representatives from Moody’s said that aligning EY US’ consulting capabilities with Moody’s data and technology solutions will provide customers with a 360-degree view of their businesses, strengthening their ability to anticipate and manage risk. They are confident that the Alliance will create significant value for their business and look forward to working with EY US.
In early December 2023, Moody’s Analytics has introduced Moody’s Research Assistant, an AI-supported search and analytical tool, leveraging extensive proprietary content and large language models. It is among the first commercially available GenAI-powered research tools for financial market participants.
The tool streamlines financial research, allowing users to quickly assess opportunities, monitor developments, and enhance analytical workflows. Company officials highlight its ability to significantly reduce the time spent on data collection and analysis, with potential time savings of up to 80% and 50%, respectively.
User feedback from the pilot period suggests potential overall time savings of up to 27% for financial analysts using Moody’s Research Assistant as an add-on to CreditView, the company's flagship ratings and research solution.
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