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COVID-19 Effects on Financial Services & Managing Risk

bridgei2i

How much will the bank’s bottom line be impacted depends on a host of unknowns. They will also need recalibrated scorecards post-COVID as the existing models will not hold. They will need to evolve new scorecards considering the pandemic factor for early default detection. Even onboarding has gone digital. Learn MORE. “We

Risk 52
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Automating Model Risk Compliance: Model Monitoring

DataRobot Blog

Based upon the type of model deployed (classification vs. regression), there are a host of metrics we may use to quantify how accurate the prediction is. Combined, telemetry on accuracy and data drift empowers the modeler to manage model risk for their organization, and thereby minimize the potential adverse impacts of a deployed ML model.

Risk 59