A major advancement in risk management among large financial institutions has been the development of internal risk models. The models encompass institutions’ procedures and techniques for assessing ...
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 ...
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 ...
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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 ...
Forbes contributors publish independent expert analyses and insights. I cover the intersection of people, risk, leadership and performance. As AI continues to proliferate in its adoption across ...
PALO ALTO, Calif.--(BUSINESS WIRE)--ValidMind, the leading next-generation AI and model risk management platform for financial services, today announced it was recognized in the Chartis Research Model ...
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BSP wants banks to adopt model risk management
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is proposing regulations that would help financial institutions manage risks emanating from their reliance on models for critical business ...
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 ...
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