SiliconANGLE

Ethos raises $6M to enhance model risk management for financial institutions

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 ...
WatersTechnology

Banks split over AI risk management

Banks generally fall into one of two camps: those that treat AI as a model risk that needs to be managed by specialized teams ...
Finextra

Model risk management: not just for risk models

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 ...
SiliconANGLE

ValidMind raises $8.1M to streamline AI model risk management processes

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 ...
JD Supra

Modernizing Financial Risk Management: OSFI's Draft Guideline on AI Model Risk Management

The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated draft of Guideline E-23 Model Risk Management (Draft Guideline) setting expectations related to ...
Business Wire

Experian and ValidMind Partner to Transform Model Risk Management

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 ...
Finextra

Ethos raises $6m to modernise model risk management

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 ...
JD Supra

The UK’s Model Risk Management Principles for Banks

Against a background of increasing reliance on models and scenario analysis to assess future risks, the UK’s bank regulator, the Prudential Regulation Authority (“PRA”), has published a supervisory ...
Hosted on MSN

Unlocking the Future of Model Risk and Financial Risk Models Through Innovation

Indra Reddy Mallela has been at the forefront of financial risk model validation, continuously pushing the boundaries of compliance and fraud detection. With a background spanning roles at leading ...
FedScoop

National Credit Union’s AI regulatory oversight is limited in guidance, authority, GAO finds

A view of the National Credit Union Administration in Alexandria, Va. (Photo via Google street view) The National Credit Union Administration is lacking two critical tools that hinder its ability to ...
PR Newswire

AI Model Risk Management Market worth $10.5 billion by 2029- Exclusive Report by MarketsandMarkets™

Microsoft(US), IBM(US), SAS Institute (US), AWS (US), H2O.ai (US), Google (US), LogicGate (US), LogicManager (US), C3 AI (US), MathWorks (US), Alteryx (US ...