Learn about model risk, its causes, management strategies, and real-world examples from financial industry pitfalls. Unlock insights to reduce risk and enhance decision-making.

Risk modeling comes in varying shapes and sizes throughout the financial world. Having previously worked as a derivatives trader on the Chicago Board Options Exchange and as a senior risk analyst, I ...

Just because a critical failure hasn’t happened yet doesn’t mean it won’t happen in the future. The question becomes: If it ...

Modern model risk management startup Ethos AI Inc. announced today that it has raised $6 million in new funding to expand its engineering team, enhance its go-to-market efforts and strengthen its ...

In the past few years, there have been several developments in the field of modeling the credit risk in banks’ commercial loan portfolios. Credit risk is essentially the possibility that a bank’s loan ...

Regulators around the world differ in their approach to model risk management (MRM) regulation – including their definitions of what a model is. While some are more prescriptive, others such as the UK ...

Bermuda insurers still rely heavily on catastrophe models to manage risk, but uncertainty around climate impacts and claims ...

How AI Is Integrating Fire Prevention Into Modern Security Service Models Fire prevention is no longer treated as a ...

Discover how behavioral modeling helps predict consumer actions using spending data, enabling businesses to refine targeting and enhance risk assessment.

The LIFE-T1D model, demonstrated an ability to estimate the lifetime risk of heart disease among several groups of people with type 1 diabetes (T1D). Researchers have developed a tool they say can ...