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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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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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Through the Looking Glass: The Unique Identifier of the Rose

TDAN

I recently taught an online class on BCBS 239: Effective Risk Data Aggregation and Reporting for Risk.net. Preparing the course materials took me back to 2007-2008, when I worked for Merrill Lynch managing the Credit Risk Reporting team.

Risk 59
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Cloudera wins Risk Markets Technology Award for Data Management Product of the year

Cloudera

Financial services institutions need the ability to analyze and act on massive volumes of data from diverse sources in order to monitor, model, and manage risk across the enterprise. They need a comprehensive data and analytics platform to model risk exposures on-demand. Cloudera is that platform. End-to-end Data Lifecycle.

Risk 86
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Insurers – Be Aware of the Hidden Exposures in assessing the economic impact of Climate Risk

Cloudera

Yet there are also more subtle risks to monitor, including changes to insured assets, risks, and exposures. Climate change can also impact the insurance carrier as an enterprise itself—similarly to cyber risks, insurers underwrite cyber risks for their customers, as well as manage their own risks and exposure as a company.

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Driving 15 years of IT transformation in 5

CIO Business Intelligence

These include network management, help desk, establishing and enforcing policies related to information security and risk management, and several other IT functions. Besides, our businesses shouldn’t have to worry that outdated network equipment is putting their operation at risk.” The Birmingham, Ala.-based

IT 103
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4 of the Biggest Data Breaches in Banking

Smart Data Collective

In 2008 they suffered a cyber incident which impacted more than 130 million debit and credit cards. Since the 2008 breach, Heartland Payment Systems suffered another data breach in 2015, when their Santa Ana, California office experienced a break-in. Heartland Payment Systems.