The year 2003 presented harsh reminders that the fundamentals haven’t changed: Security problems are here to stay; cyberpredators will continue to engage in new, deliberate and opportunistic threats; ...
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced the release of its enhanced group health AI-powered Risk ...
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 ...
Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...
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 ...
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 ...
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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 ...
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