Accelerate AI model validation. Manage model risk deployed almost anywhere.
The Federal Reserve and Office of the Comptroller of the Currency guidance SR Letter 11-7 defines a model as "…a quantitative method, system, or approach that applies statistical, economic, financial, or mathematical theories, techniques, and assumptions to process input data into quantitative estimates."
Model risk can occur when a model is used to predict and measure quantitative information but the model performs inadequately. Poor model performance can lead to adverse outcomes and result in substantial operational losses. Implementing model risk management in a modern information architecture helps you:
- Speed time to help meet regulatory compliance and other risk objectives.
- Simplify model validation across multiple clouds.
- Take advantage of models and data running virtually anywhere.
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Enhance model compliance with custom tests and thresholds.
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Show fairness, quality and drift metrics. Flag models below custom thresholds. Drill down for details.
Configure and perform model validation. Test model metrics including model fairness.
Compare model test results. Select and speed the development of more effective models.
Generate a fact sheet in PDF automatically. Summarize model details, relevant data and test results.