GenAI is transforming the financial services industry by increasing efficiency and enhancing decision-making capabilities, according to a recent report. The analysis focuses on user interactions with Moody’s Research Assistant.

The report highlights that "over 90% of platform interactions are dedicated to high-value analytical tasks," which include thematic research and strategic adjustments (39%), detailed financial analysis (32%), and initial screening for new opportunities (20%).

Users of GenAI reportedly have access to "60% more data and insights," which reduces task time by 30% and improves decision-making efficiency. Additionally, GenAI is said to combat professional burnout by enabling junior analysts to produce work comparable in quality to that of seasoned professionals.

Looking forward, AI agents are expected to be the next frontier in financial services technology. They offer potential automation of complex workflows with minimal human intervention. The market is shifting towards specialized AI assistants with deep industry expertise tailored for specific use cases. However, the success of these advancements will depend on robust governance frameworks and trustworthy data usage for responsible deployment at scale.