Strategic partnership for next-gen options constructed on Microsoft Azure OpenAI Service, Microsoft Fabric, and Microsoft Teams and Moody’s proprietary knowledge to empower monetary providers, capital markets, and extra
NEW YORK and REDMOND, Wash. — June 29, 2023 — Moody’s Corporation (NYSE:MCO) and Microsoft (NASDAQ: MSFT) as we speak introduced a brand new strategic partnership to ship next-generation knowledge, analytics, analysis, collaboration and threat options for monetary providers and international information employees. Built on a mix of Moody’s strong knowledge 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 knowledge, analytics, and analysis.
Strategic Partnership Highlights
- Microsoft and Moody’s are co-creating new services and products for analysis and threat evaluation, constructed on Azure OpenAI Service for enhanced knowledge and threat administration.
- “Moody’s CoPilot,” an inner copilot software, is now deployed to Moody’s 14,000 international workers, and can mix Moody’s proprietary knowledge, analytics and analysis with the latest giant language fashions (LLMs) and Microsoft’s world-class generative AI expertise to drive firm-wide innovation and improve worker productiveness in a secure and safe digital sandbox.
- Moody’s is adopting Microsoft Teams to offer a brand new platform for its information employees and clients that may improve collaboration, productiveness, and communication, whereas sustaining the very best compliance requirements.
- For inner 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 corporations – with functions that embody third-party reference knowledge, counterparty threat evaluation, and provide chain administration.
- Microsoft and Moody’s will collaborate on the chance to ship knowledge to their shared clients via Microsoft Fabric, a brand new analytics platform for end-to-end knowledge 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 software for patrons, “Moody’s Research Assistant” will unlock the complete potential of Moody’s assets and options to offer clients with a multifaceted view of threat. Built on Microsoft Azure OpenAI Service and available via a number of channels, together with Microsoft Teams, Moody’s Research Assistant will shortly compile and summarize advanced data from a number of knowledge sources, all in a secure and safe atmosphere that protects non-public and proprietary data. Among its many anticipated makes use of would be the means to generate customized, detailed analyses of an organization or sector by seamlessly combining knowledge from throughout a number of dimensions – corresponding to firmographic knowledge, credit score indicators, financial forecasts, and threat and reputational profiles – to offer quick, contextual and informative solutions primarily based on the mixing of expansive LLMs and Moody’s industry-leading knowledge, analytics and analysis.
Bill Borden, company vice chairman of worldwide monetary providers 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 via Microsoft Teams
Additionally, via 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 mixing of Moody’s copilot instruments, Teams will automate and streamline handbook workflows, present extra environment friendly access to knowledge and content material, and synthesize and summarize data from throughout a number of knowledge 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 knowledge to their shared clients via Microsoft Fabric, a brand new end-to-end knowledge analytics platform. Microsoft Fabric contains applied sciences like Azure Synapse Analytics, Azure Data Factory, and Power BI in a single unified product, permitting knowledge engineers alternative to simply join and curate knowledge from a number of sources, eliminating sprawl, whereas higher governing knowledge throughout the complete organization.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a world built-in threat evaluation agency that empowers organizations to make higher selections. Its knowledge, analytical options and insights assist decision-makers establish alternatives and handle the dangers of doing business with others. We consider that higher transparency, extra knowledgeable selections, and honest access 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) permits digital transformation for the period of an clever cloud and an clever edge. Its mission is to empower each individual and each organization on the planet to attain 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 primarily based on future expectations, plans and prospects for Moody’s business and operations that contain various 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, update 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 elements that might trigger precise outcomes to vary, maybe materially, from these indicated by these forward-looking statements. Those elements, dangers and uncertainties embody, however will not be restricted to: the influence of present financial situations, 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 international capital markets; the unsure effectiveness and potential collateral penalties of U.S. and overseas authorities initiatives and financial coverage to reply to the present financial local weather, together with instability of economic establishments, credit score high quality issues, and different potential impacts of volatility in monetary and credit score markets; the worldwide influence of the Russia – Ukraine navy battle on volatility in world monetary markets, on common financial situations and GDP within the U.S. and worldwide, on international 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 international 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 providers {industry}, in addition to the variety of issuances of securities with out rankings 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 potential 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 obstacles; the influence of MIS’s withdrawal of its credit score rankings on nations or entities inside nations and of Moody’s not conducting business operations in nations the place political instability warrants such motion; issues within the market affecting our credibility or in any other case affecting market perceptions of the integrity or utility of impartial credit score company rankings; the introduction of competing merchandise or applied sciences by different corporations; pricing stress from opponents and/or clients; the extent of success of latest product improvement and international enlargement; the influence of regulation as an NRSRO, the potential for brand spanking 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 score opinions, in addition to every other litigation, authorities and regulatory proceedings, investigations and inquiries to which Moody’s could also be topic infrequently; provisions in U.S. laws modifying the pleading requirements and EU laws modifying the legal responsibility requirements relevant to credit standing businesses in a fashion antagonistic to credit standing businesses; provisions of EU laws imposing extra procedural and substantive necessities on the pricing of providers and the enlargement of supervisory remit to incorporate non-EU rankings used for regulatory functions; uncertainty relating to the long run relationship between the U.S. and China; the potential lack of key workers and the influence of the worldwide labor atmosphere; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or different cybersecurity issues; the timing and effectiveness of our restructuring packages, such because the 2022 – 2023 Geolocation Restructuring Program; forex and overseas alternate volatility; the result of any evaluate by controlling tax authorities of Moody’s international tax planning initiatives; publicity to potential legal 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 wherein Moody’s operates, together with knowledge safety and privateness legal guidelines, sanctions legal guidelines, anti-corruption legal guidelines, and native legal guidelines prohibiting corrupt funds to authorities officers; the influence of mergers, acquisitions, corresponding to our acquisition of RMS, or different business mixtures and the power of Moody’s to efficiently combine acquired businesses; 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 elements, 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 below “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-Ok for the yr ended December 31, 2022, and in different filings made by the Company infrequently with the SEC or in supplies integrated herein or therein. Stockholders and buyers are cautioned that the prevalence of any of those elements, dangers and uncertainties could trigger the Company’s precise outcomes to vary materially from these contemplated, expressed, projected, anticipated or implied within the forward-looking statements, which may have a cloth and antagonistic impact on the Company’s business, outcomes of operations and monetary situation. New elements could emerge infrequently, and it isn’t potential for the Company to foretell new elements, nor can the Company assess the potential impact of any new elements on it. Forward-looking and different statements on this doc may tackle our company duty progress, plans, and objectives (together with sustainability and environmental issues), and the inclusion of such statements will not 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 primarily based on requirements for measuring progress which might be nonetheless creating, inner controls and processes that proceed to evolve, and assumptions which might be topic to alter 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]
