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What is Model Risk and Why Does it Matter?

DataRobot Blog

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111
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Aligning security and business strategies

CIO Business Intelligence

During the 2008–2009 Global Financial Crisis (GFC) and subsequent recession, researchers noted that cybercrime rates increased dramatically. Their report focused exclusively on financial cybercrime, including identity theft. Cyber budgets must be spent wisely, often without increasing costs or targeting the most likely risks.

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How to Gain Greater Confidence in your Climate Risk Models

Cloudera

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? They need to understand;

Risk 78
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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. You can run a direct query from QuickSight for BI reporting and dashboards.

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Accelerating VMware’s growth

CIO Business Intelligence

By extending our multi-cloud strategy, we will invest in extending Vmware’s software stack to run and manage workloads across private and public clouds, which means any enterprise can run application workloads easily, securely, and seamlessly on-prem, or in any cloud platform they prefer. He has held this position since March 2006.

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AI Data, Traditional Trading, and Modern Investments

Smart Data Collective

Thanks to the invention of the internet, everything from conducting trades to downloading comprehensive reports can be completed almost instantly. By analyzing, identifying, and predicting these trends, analysts are able to help their clients minimize risk while enjoying large returns. The Rise of Robo-Advisors.

Finance 138
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How Data Lineage Improves Data Compliance

Octopai

Banks didn’t accurately assess their credit and operational risk and hold enough capital reserves, leading to the Great Recession of 2008-2009. Data lineage and financial risk data compliance. All these models need to be informed by data, with operational risk assessment mandating loss data that goes back 10 years. .