Ang Shen joins loan subservicer from KPMG advisory practice. Cenlar FSB, a leading mortgage loan subservicer and federally chartered wholesale bank, has announced that Ang Shen has joined Cenlar as ...

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 ...

The PRA’s new supervisory statement extends banks’ model risk management obligations “across all models” - not just capital and stress testing. What steps must banks take to comply? Despite last ...

Artificial intelligence model risk management startup ValidMind Inc. said today it has closed on an $8.1 million seed funding round that will be used to advance its go-to-market plans. Today’s round ...

COSTA MESA, Calif.--(BUSINESS WIRE)--Experian, a leading global data and technology company, and ValidMind, a leader in model risk management solutions, today announced a strategic partnership ...

Banks generally fall into one of two camps: those that treat AI as a model risk that needs to be managed by specialized teams ...

The Office of the Superintendent of Financial Institutions (OSFI) recently released an updated draft of Guideline E-23 Model Risk Management (Draft Guideline) setting expectations related to ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The funding round was led by Canapi Ventures, with participation from ...

Against a background of increasing reliance on models and scenario analysis to assess future risks, the UK’s bank regulator, the Prudential Regulation Authority (“PRA”), has published a supervisory ...

Artificial intelligence is creating new opportunities across a wide range of use cases in the financial industry. Leading firms are looking for opportunities to better balance innovation with risk and ...

MUMBAI, India and NEW YORK and LONDON, Dec. 3, 2025 /PRNewswire/ -- Crisil Ltd, the global provider of advanced analytics and credit risk management solutions, has risen one place to #36 in the ...