The unique challenges and demands facing the global economy since early 2020 have demonstrated the value of models. They’ve also highlighted the risks involved in using them. The US SR 11 7 guidelines ...

Model risk management is entering a period of rapid transformation as institutions integrate increasingly complex AI, ML, and GenAI models into their inventories. Traditional validation approaches are ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

NEW YORK, NY--(Marketwire - Sep 26, 2012) - Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to ...

Predictive models are a core element of many regulatory frameworks to calculate results in a stressed business environment. Institutions have modeling teams who manage models under the PRA’s SS3/18 ...

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--H2O.ai, the leader in open-source Generative AI and the most accurate Predictive AI platforms, today announced the industry's first Model Risk Management (MRM) ...

Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness “Manual documentation, siloed ...

COSTA MESA, Calif.--(BUSINESS WIRE)--Experian, a leading global data and technology company, and ValidMind, a leader in model risk management solutions, today announced a strategic partnership ...

The regulatory environment continues to increase in complexity as the EBA and the PRA provide new guidelines and updates to ...

Ang Shen joins loan subservicer from KPMG advisory practice. Cenlar FSB, a leading mortgage loan subservicer and federally chartered wholesale bank, has announced that Ang Shen has joined Cenlar as ...

Model validation is required across all regulated industries, but FinServ institutions especially face significant regulatory compliance mandates from the federal government – placing yet another ...

Artificial intelligence model risk management startup ValidMind Inc. said today it has closed on an $8.1 million seed funding round that will be used to advance its go-to-market plans. Today’s round ...