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 ...

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 ...

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 ...

Predictive models are a core element of many regulatory frameworks to calculate results in a stressed business environment. Institutions have modeling teams who manage models under the PRA’s SS3/18 ...

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 ...

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 ...

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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North America dominates the global market with 38% of market share, led by the United States, where regulatory agencies such as the Federal Reserve, OCC, and FDIC continue to enhance guidelines for ...

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 ...

Many of the companies that I work with are large, diversified, non-digital-native enterprises. I call them "SuperPowers," though I'd welcome a better name. They're generally Fortune 1000 or even ...