nationalmortgageprofessional.com

Cenlar Appoints New VP Of Model Risk Management

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 ...
JD Supra

FDIC’s Model Risk Management Guidelines Continue to Challenge Institutions

While the Federal Deposit Insurance Corporation (FDIC) updated its model risk management guidelines in June 2017, under FIL-22-2017, it has taken time for the full implications of the changes to ...
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 ...
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 ...
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 ...
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 ...
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 ...
JournalofAccountancy

Managing the risks associated with models

Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...
Forbes

Responsible AI With Model Risk Management

The desire among financial institutions to better mitigate risk gained renewed prominence as a result of the financial crisis of 2008. Subsequent regulatory and governance requirements fostered ...
Forbes

Risk Management: The Tip Of The AIceberg

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 ...