Remove Data Processing Remove Risk Remove Risk Management Remove Scorecard
article thumbnail

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. The accuracy of a model is another essential metric that informs us about its health in a deployed setting.

Risk 59
article thumbnail

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. 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. Understanding & Managing Risks.

Risk 52