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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. Ongoing model monitoring is an essential component of a sound model risk management practice.

Risk 59
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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52
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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. It also can help optimize transportation costs and service-level agreements as well as improve inventory management and visibility. This technology can also help reduce the risk of regulatory non-compliance.

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The Royal Mint’s diversification means all change for IT and security

CIO Business Intelligence

Cybersecurity threats require business language lift This heightened business demand, along with the Royal moniker, does, however, come with risks. We used a security scorecard benchmark and said we could become the most secure global mint.” An unfortunate by-product was a variety of cyberattacks.

IT 52