Effectively enforce model risk management
September 5, 2024/1 min read
Accelerate mrm with centralization
Refactoring models, performing multiple manual tasks, and switching between systems often leads to unwanted cost, friction, and market opportunity misses. Centralize your model risk management framework in Dataiku Govern to reduce context switching between systems, blockers, and delays through better collaboration.
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Increase collaboration with a unified workflow
Feedback loops and iteration processes in MRM are time-consuming. Align all stakeholders in a single unified workflow with Dataiku, which allows for clean tracking and handling of common observations to save time. From data scientists, financial engineers, and credit modelers to model risk teams and auditors — everyone has access to the same data, in real time, and can easily review model implementation and model outputs.
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Guarantee validation & sign-off
Managing stakeholder approvals for critical models as well as ensuring full traceability of tests and decision making is a critical requirement for effective MRM in banks and financial instutitutions. Dataiku is a one-stop shop for building and deploying all financial models and AI projects. It makes it easy to customize approval workflows to collect sign offs from key stakeholders at each step of the building and validation processes before deploying.
Easily document changes
Thanks to a unified system, all changes and process histories are captured and searchable in one place. This single auditable log reflects all decision making throughout the MRM process, simplifying ex-post audits, with all historical model versions stored and easily retrievable.
Trust a leader in the idc ai governance marketscape
Don’t just take our word for it. Choose Dataiku if you need an AI governance platform that prioritizes democratization, trust, and scalability. Dataiku distinguishes itself through powerful integration capabilities, robust governance features, and proactive customer service.
