While the Federal Deposit Insurance Corporation (FDIC) updated its model risk management guidelines in June 2017, under FIL-22-2017, it has taken time for the full implications of the changes to ...

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 ...

Overview AI risk management training is becoming essential across industriesLeading programs now combine governance, ethics, ...

Modern model risk management startup Ethos AI Inc. announced today that it has raised $6 million in new funding to expand its engineering team, enhance its go-to-market efforts and strengthen its ...

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 ...

There has been a lot of conversation over the years about risk management; this has included its importance and how to do it. Unfortunately, all this conversation has taken place separately, and there ...

77% of financial services industry professionals expect AI/ML to be extremely important to their business by 2022, while only 16% currently employ AI/ML models. Clearly financial services ...

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 ...

The global financial crisis demonstrated to the financial institutions that 'model risk' is real and consequences can be overbearing. The risk of decisions based on flawed or misused models is termed ...

“Behold the turtle. He makes progress when his neck is out.” -James B. Conant Emergencies of all types are inherently dangerous because of the unsettled nature of incidents and the dynamics involved ...

Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...