With digitization and automation, more models are being integrated into business processes, exposing institutions to greater model risk and consequent operational losses. The risk lies equally in defective models and model misuse. A defective model caused one leading financial institution to suffer losses of several hundred million dollars when a coding error distorted the flow of information from the risk model to the portfolio-optimization process.

Model Risk Management System helps in reducing the cost of managing model risk while ensuring that models are of the highest quality.

OUR OFFERINGS ARE AS MENTIONED BELOW

1. Model Life Cycle Management
2. Model Assessment
3. Model Usage
4. Model Performance Management