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 ...

Financial models have had a banner year in 2020 and 2021, as modelers in financial services have reeled under the exceptional circumstances of major economic shocks, only to recover themselves as ...

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The funding round was led by Canapi Ventures, with participation from ...

With the rapid adoption of big data, advanced analytics and AI-driven models, model risk management frameworks must evolve to address an increasingly complex risk landscape. In this course, ...

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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) ...

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 ...

SEATTLE--(BUSINESS WIRE)--The latest set of AI guidance from the Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining standards, certifications, and best practices 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 ...