Latest news with #Chartis
National Post
2 days ago
- Business
- National Post
MetricStream Named Among the Top RiskTech AI Companies in the World in Chartis RiskTech AI 50 2025; Ranked #1 in Operational Risk and Audit Categories
Article content SAN JOSE, Calif. — MetricStream, the global leader in AI-first governance, risk, and compliance (GRC) solutions, was ranked 14th in the Chartis RiskTech AI 50 2025 Ranking and Awards. Listed alongside global AI technology leaders like Oracle, S&P Global, Moody's, and SAS, MetricStream is the only integrated GRC-focused company to be featured in the top 15 for the second consecutive year. Article content MetricStream was also awarded as a category winner in two solution categories: Article content AI for Audit Risk Management AI for Operational Risk Management dashboard and workflows Article content Now in its second year, the Chartis RiskTech AI 50 offers a comprehensive analysis of AI adoption across a vast set of categories in the risk management landscape. The report evaluates vendors on their AI strategy and capabilities, providing insights into market leaders and emerging players. This year's ranking reflects the growing dominance of larger providers and a maturing market, where once-novel innovations are becoming standard. Article content 'We're honored to be recognized in the Chartis RiskTech AI 50 ranking and awards that span the entire spectrum of risk, not just GRC,' said Gaurav Kapoor, Co-Founder and Vice Chairman, MetricStream. 'We have been on the AI journey for the last several years. Now, our recently launched AI-first GRC strategy and execution are rooted in a single purpose: to simplify GRC through agentic generative AI and deliver real-time, predictive insights. This brings significant efficiencies, automates low-value tasks, enhances the canvas of information assimilation at scale, and increases the strategic importance of the GRC function from defense to facilitating business decision-making.' Article content Organizations today face increasing enterprise, cyber, third-party, audit, and regulatory risks. MetricStream 's AI-first Connected GRC solutions help address these challenges with agentic and generative AI that automate data capture, assessments, evidence gathering, insight generation, and action recommendations, making GRC simpler, faster, and more outcome-driven. Article content MetricStream's AiSPIRE, the industry's first AI-powered, knowledge-centric GRC product, has enabled customers to significantly reduce costs, improve efficiency, and enhance user experience. AiSPIRE uses GRC ontology-based knowledge graphs to unlock the value of existing GRC and transactional data. Customers have adopted a unified risk and control framework and optimized control testing costs by over 30%, resulting in millions in savings, resource optimization, and quicker strategic decisions. Article content MetricStream's AI-infused workflows also offer issue and action recommendations and evidence-based third-party risk ranking. This reduces manual work and user dependency, enabling teams to focus on driving business performance. Article content Learn more about MetricStream's AI-first strategy and AiSPIRE. Article content About MetricStream Inc Article content MetricStream Article content simplifies Governance, Risk, and Compliance (GRC) with purpose-built AI-first Risk, Compliance, Audit, CyberGRC, Third-party Risk, and Resilience products on a single low-code / no-code GRC cloud platform. Trusted by over 1 million GRC professionals across 35+ countries, our industry-specific products and AI agents help businesses successfully manage audits, avoid compliance violations and fines, reduce risk exposure, and strengthen resilience. MetricStream is headquartered in San Jose, California, with operations and offices around the globe. More information is available at Article content , and Article content Article content X Article content . Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content Article content Article content
Business Standard
19-05-2025
- Business
- Business Standard
New SAS AI governance resources offer clarity and confidence at crucial AI moment
VMPL Mumbai (Maharashtra) [India], May 19: As AI accelerates the pace and proliferation of innovation, the need for AI governance has never been more urgent. Lack of visibility into AI governance puts trust, compliance and successful AI deployments at risk. To help organizations confidently navigate their AI governance journeys, SAS has launched the AI Governance Map, a comprehensive resource that helps organizations assess their current AI governance maturity in four essential areas and chart the path forward. The map is the latest addition to a growing portfolio of AI governance offerings from SAS designed to meet organizations where they are in their AI maturity. From data governance to model monitoring to compliance management, SAS has technologies to complement existing technology investments to help organizations build a full AI governance life cycle. "We take a pragmatic approach to AI governance, recognizing that different organizations are at varying points in their AI governance efforts," said Reggie Townsend, Vice President, SAS Data Ethics Practice. "Instead of ripping and replacing something that's working well, we can fill in the gaps to provide a more comprehensive AI governance system that strengthens trust in AI-driven decisions, simplifies operations and future-proofs AI strategies." End-to-end governance capabilities heralded by analysts Industry analysts like IDC and Forrester have validated SAS' governance capabilities and, for the 11th straight year, Chartis named SAS a category leader in its RiskTech Quadrant for Model Risk Management Solutions, 2024 report. SAS received top marks among all vendors for model governance solutions. In its vendor analysis, Chartis said SAS demonstrates "a forward-thinking approach to managing models across traditional and emerging domains," addressing both classical aspects of governance that rely on domain knowledge and the demands of AI and generative AI governance, including "advanced capabilities in ModelOps, SecurityOps, DevOps, orchestration and big data management." Chartis also noted, "SAS' market potential is further amplified by its ability to offer end-to-end solutions. These solutions cover the life cycle, from initial development to ongoing validation, and align with existing infrastructures." New AI governance solutions on the way In highly regulated industries, many organizations already have robust governance measures in place to meet compliance requirements but have additional AI governance needs. To help these customers, SAS offers an AI governance solution for banking, with the analyst-validated SAS Model Risk Management as its foundation. Additionally, SAS has other industry solutions in development. SAS will soon launch a unified, holistic AI governance solution capable of aggregating, orchestrating and monitoring AI systems, models and agents. Designed for the executive, but useful enough for the data scientist, this offering will align AI with policies, improve operational efficiencies and help organizations navigate their AI journeys confidently. Organizations interested in a private preview of the solution later this year can sign up here: Plotting an AI governance journey begins with knowing where you are With decades of governance experience, SAS is a trusted guide to organizations on their AI governance journeys. Beginning with an online assessment, the new SAS AI Governance Map pinpoints where an organization is on their AI governance path and provides a customized report and tailored action plan for next steps. The report also benchmarks the organization compared to industry peers within the crucial domains of oversight, compliance, operations and culture. "AI governance is not just an exercise in risk management; it's a strategic enabler of faster innovation and helps to ensure that AI is trustworthy," said Steven Tiell, SAS Global Head of AI Governance Advisory. "At its core, AI governance should be viewed not just as a protective measure, but as a driver of growth. To forge ahead, organizations need to identify where the real opportunities lie - and understand how they stack up against their peers." Strong AI governance can be a key differentiator in building long-term trust with consumers, stakeholders and markets. Organizations that embed governance into their innovation cycles can move faster with confidence, knowing they are proactively addressing risks related to bias, fairness and regulatory compliance. SAS has extensive experience developing and deploying new, powerful data technologies and navigating the associated regulations, risks and opportunities. This wisdom helped inform the governance map and online assessment, which generates tailored, high-level recommendations. A detailed report, including recommended actions customized to the maturity of each respondent, is available. The AI Governance Map is the latest offering from SAS AI Governance Advisory, a value-added service for customers. Beginning with a short meeting, SAS AI Governance Advisory helps customers think through what AI governance means in the context of their organizations. It empowers them to lead with trustworthy AI, advises on strategy and tactics, tailors AI governance tools to specific business needs and offers access to a network of experts and peers. Reach out to SAS AI Governance Advisory for guidance in your AI governance journey at AIGovernance@ The announcement was made at SAS Innovate, the data and AI experience for business leaders, technical users and SAS Partners. This year's event is supported by our partner sponsors, including Microsoft, Intel and AWS. Keep up with the latest news from SAS by visiting or follow us on LinkedIn or X. About SAS SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®. SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright (c) 2024 SAS Institute Inc. All rights reserved.
Yahoo
07-05-2025
- Business
- Yahoo
New SAS AI governance resources offer clarity and confidence at crucial AI moment
AI Governance Map and online assessment illuminate the path to robust AI governance ORLANDO, Fla., May 7, 2025 /PRNewswire/ -- SAS INNOVATE -- As AI accelerates the pace and proliferation of innovation, the need for AI governance has never been more urgent. Lack of visibility into AI governance puts trust, compliance and successful AI deployments at risk. To help organizations confidently navigate their AI governance journeys, SAS has launched the AI Governance Map, a comprehensive resource that helps organizations assess their current AI governance maturity in four essential areas and chart the path forward. The SAS AI Governance Map and assessment are among the new and planned additions to a growing portfolio of AI governance offerings from SAS designed to meet organizations where they are in their AI maturity. The map is the latest addition to a growing portfolio of AI governance offerings from SAS designed to meet organizations where they are in their AI maturity. From data governance to model monitoring to compliance management, SAS has technologies to complement existing technology investments to help organizations build a full AI governance life cycle. "We take a pragmatic approach to AI governance, recognizing that different organizations are at varying points in their AI governance efforts," said Reggie Townsend, Vice President, SAS Data Ethics Practice. "Instead of ripping and replacing something that's working well, we can fill in the gaps to provide a more comprehensive AI governance system that strengthens trust in AI-driven decisions, simplifies operations and future-proofs AI strategies." End-to-end governance capabilities heralded by analysts Industry analysts like IDC and Forrester have validated SAS' governance capabilities and, for the 11th straight year, Chartis named SAS a category leader in its RiskTech Quadrant for Model Risk Management Solutions, 2024 report. SAS received top marks among all vendors for model governance solutions. In its vendor analysis, Chartis said SAS demonstrates "a forward-thinking approach to managing models across traditional and emerging domains," addressing both classical aspects of governance that rely on domain knowledge and the demands of AI and generative AI governance, including "advanced capabilities in ModelOps, SecurityOps, DevOps, orchestration and big data management." Chartis also noted, "SAS' market potential is further amplified by its ability to offer end-to-end solutions. These solutions cover the life cycle, from initial development to ongoing validation, and align with existing infrastructures." New AI governance solutions on the way In highly regulated industries, many organizations already have robust governance measures in place to meet compliance requirements but have additional AI governance needs. To help these customers, SAS offers an AI governance solution for banking, with the analyst-validated SAS Model Risk Management as its foundation. Additionally, SAS has other industry solutions in development.
Techday NZ
07-05-2025
- Business
- Techday NZ
SAS unveils AI Governance Map to boost trust & innovation
SAS has introduced the AI Governance Map and an online assessment intended to help organisations evaluate and improve the maturity of their artificial intelligence governance processes. The AI Governance Map is designed to support businesses in identifying their current status in the areas of oversight, compliance, operations and culture related to AI governance. SAS states that the map and assessment generate tailored reports and recommendations to guide organisations through the necessary steps for robust AI governance. The new resources are part of SAS's growing portfolio of AI governance offerings. These solutions are intended to integrate with existing technology investments and cover the full AI governance life cycle, from data governance and model monitoring to regulatory compliance management. Reggie Townsend, Vice President, SAS Data Ethics Practice, said: "We take a pragmatic approach to AI governance, recognising that different organisations are at varying points in their AI governance efforts. Instead of ripping and replacing something that's working well, we can fill in the gaps to provide a more comprehensive AI governance system that strengthens trust in AI-driven decisions, simplifies operations and future-proofs AI strategies." SAS's governance capabilities have received recognition from several industry analysts. Chartis named SAS a category leader in its RiskTech Quadrant for Model Risk Management Solutions report for the eleventh consecutive year. The report noted SAS's "forward-thinking approach to managing models across traditional and emerging domains," and highlighted the company's "advanced capabilities in ModelOps, SecurityOps, DevOps, orchestration and big data management." Chartis emphasised that SAS's market potential is "further amplified by its ability to offer end-to-end solutions. These solutions cover the life cycle, from initial development to ongoing validation, and align with existing infrastructures." Within highly regulated sectors, organisations may already have established compliance measures but encounter additional needs when implementing AI systems. To address these needs, SAS provides an AI governance solution for banking, underpinned by SAS Model Risk Management. The company also indicated that further industry solutions are in development. SAS plans to launch a comprehensive AI governance solution capable of aggregating, orchestrating and monitoring AI systems, models and agents. The forthcoming product is intended to align AI workflows with organisational policies and to support both executive roles and data scientists by improving operational efficiency and helping organisations navigate the complexities of AI adoption. The process of plotting an AI governance journey with SAS typically begins with an online assessment. This assessment identifies where an organisation stands on the governance path and delivers a bespoke report with action plans tailored to the organisation's unique situation. The report also provides benchmarking information, comparing the organisation's performance in key domains to industry peers. Steven Tiell, SAS Global Head of AI Governance Advisory, said: "AI governance is not just an exercise in risk management; it's a strategic enabler of faster innovation and helps to ensure that AI is trustworthy. At its core, AI governance should be viewed not just as a protective measure, but as a driver of growth. To forge ahead, organisations need to identify where the real opportunities lie – and understand how they stack up against their peers." SAS believes that embedding strong governance practices within AI initiatives can serve as a differentiator by fostering long-term trust among consumers, stakeholders and markets. By proactively addressing risks such as bias, fairness and compliance, organisations may also accelerate innovation cycles and reduce operational uncertainty. The company draws upon decades of experience in data technologies and regulatory navigation, incorporating these insights into the AI Governance Map and assessment. The process provides high-level recommendations, along with detailed reports that include actions tailored to an organisation's maturity in AI governance. The AI Governance Map forms part of the SAS AI Governance Advisory service, which includes individualised guidance, strategic advice and access to a network of experts. The service begins with a meeting to discuss AI governance in the organisational context and aims to empower clients to build trustworthy and effective AI frameworks.
Globe and Mail
07-05-2025
- Business
- Globe and Mail
Crisil named Category Leader in Chartis Credit Lending Operations
NEW YORK and LONDON , May 7, 2025 /CNW/ -- Crisil, the global provider of advanced analytics and credit risk management solutions, has been recognised as Category Leader in the Chartis Credit Lending Operations, 2025: Quadrant Update. The recognition, published in April 2025 , underscores Crisil's strengths in providing cutting-edge loan origination products and market leading credit lifecycle solutions to clients worldwide. It highlights the holistic value proposition of our managed services for loan operations, including loan servicing, data remediation, limit and covenant monitoring. The Quadrant Update emphasises Crisil's position as a global leader in the credit risk management space through evaluation of its credit and risk capabilities, analytics, artificial intelligence (AI) and technology, and the dynamic feedback mechanism of its solutions. Says Ashish Vora , President, Crisil Intelligence, "We are proud to be recognised as Category Leader by Chartis. This achievement is a testament to delivering products that empower our clients to accelerate their credit decisioning and transform their credit operations. We continue to invest in AI-based analytics, cutting-edge technology and credit capabilities to stay ahead of the curve and enhance our customer centricity." The Crisil solutions covered as part of this Quadrant Update include: Credit+ suite for credit lending operations Credit+ Loan Origination: Enables clients to seamlessly manage and automate their origination process and incorporate GenAI in credit note generation and credit decisioning Credit+ Pricing Engine: Helps bank's relationship managers identify mis-priced transactions, relationships, and products using AI / ML and heuristics-based approach and recommends product pricing Credit+ Early Warning System: Helps financial institutions actively monitor the quality of their credit portfolio and lower loan-loss contingencies. It leverages GenAI to monitor internal and external data, rule-based flags, and multi-dimensional triggers to detect changes in credit quality and provide risk managers with actionable insights and corrective action plans Analytics and point solutions across collateral management, limit management and loan management journeys. This is enabled through Crisil's extensive domain expertise and technology capabilities Loan management system (LMS) migrations including system transformations, architecture rationalisations and data remediation Transaction management, including deal originations and deal setups in LMS, including risk oversight of loans throughout their lifecycle Post-close services managed across syndicated/bilateral facilities and agented/participant transactions Portfolio management activities such as periodic covenant monitoring, ongoing limit monitoring and breach reporting, Early Warning System trigger and alert monitoring, and collateral management system updates Says Abhik Pal , Global Head of Practice, Crisil Integral IQ, "The Chartis recognition reinforces our position as the preferred industry partner and is a testament to our commitment to provide utmost customer outcomes by combining managed services and tech-enabled solutions. Our comprehensive managed services, backed by our strong technical and domain capabilities, make us a trusted partner for activities across the value chain, including system migration, data remediation, loan servicing and periodic system updates." About Crisil Intelligence (formerly Market Intelligence & Analytics) Crisil Intelligence is a leading provider of research, consulting, risk solutions and advanced data analytics, serving clients across government, private and public enterprises. We leverage our expertise in data-driven insights and strong benchmarking capabilities to help clients navigate complex external ecosystems, identify opportunities and mitigate risks. By combining cutting-edge analytics, machine learning and AI capabilities with deep industry knowledge, we empower our clients to make informed decisions, drive business growth and build resilient capacities. For more information, visit About Crisil Integral IQ (formerly Global Research & Risk Solutions) Crisil Integral IQ delivers solutions and actionable intelligence to top financial institutions, driving strategic transformation, risk optimization, and operational excellence. Our offerings across research, risk, lending, analytics and operations have empowered clients to navigate complex markets, mitigate risks and unlock new opportunities. Our domain expertise, innovative solutions, future-ready technologies such as AI and data science give clients the confidence to accelerate growth and achieve sustainable competitive advantage. Our globally diverse workforce operates in the Americas, Asia-Pacific , Europe , Australia and the Middle East . For more information, visit About Crisil Crisil is a global, insights-driven analytics company. Our extraordinary domain expertise and analytical rigour help clients make mission-critical decisions with confidence. Large and highly respected firms partner with us for the most reliable opinions on risk in India , and for uncovering powerful insights and turning risks into opportunities globally. We are integral to multiplying their opportunities and success. Headquartered in India , Crisil is majority owned by S&P Global. Founded in 1987 as India's first credit rating agency, our expertise today extends across businesses: Crisil Ratings, Crisil Intelligence, Crisil Coalition Greenwich and Crisil Integral IQ. Crisil's global workforce operates in the Americas, Asia-Pacific , Europe , Australia and the Middle East , setting the standards by which industries are measured. For more information, visit Connect with us: LinkedIn | Twitter Crisil Privacy Disclaimer This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to Crisil. However, Crisil alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc. Crisil has taken due care and caution in preparing this press release. Information has been obtained by Crisil from sources which it considers reliable. However, Crisil does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. Crisil especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
