Latest news with #ValidMind
Yahoo
7 days ago
- Business
- Yahoo
New AI-Powered Experian Assistant for Model Risk Management Streamlines and Accelerates Governance Processes
Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness COSTA MESA, Calif., July 31, 2025--(BUSINESS WIRE)--Experian today announced the launch of Experian Assistant for Model Risk Management, a first-of-its-kind solution to help financial institutions govern and manage models more efficiently across the entire model‑development lifecycle. Fully integrated into the Experian Ascend Platform™ and powered by ValidMind technology, this solution helps accelerate model validation, improve auditability and transparency, and may aid financial institutions in reducing regulatory and reputational risk. This launch follows last October's introduction of the award-winning Experian Assistant and its AI-enabled model-lifecycle features. "Manual documentation, siloed validations and limited performance model monitoring can increase risk and slow down model deployment," said Vijay Mehta, EVP, Global Solutions and Analytics, Experian Software Solutions. "Adhering to model-risk-management guidelines can be a tremendous strategic advantage for financial institutions when they can create, review and validate documentation quickly and at scale, and this new solution offers these capabilities." As financial institutions accelerate innovation, they must balance the move toward GenAI-enabled capabilities with compliance to global model-risk-management guidelines such as SR 11-7 (US) and SS1/23 (UK). Experian Assistant for Model Risk Management offers financial institutions with customizable, pre-defined templates, centralized model governance repositories, and transparent internal workflow approvals—empowering them to meet regulatory guidelines with confidence and efficiency. "Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management," said ValidMind CEO Jonas Jacobi. "By embedding ValidMind's automation and governance capabilities into the Experian Assistant for Model Risk Management, we're helping financial institutions move faster and satisfy regulator expectations." "The combination of Experian's commercial expertise and presence with ValidMind's technology provides the foundation for scalable and explainable AI across the credit and risk lifecycle," said Sid Dash, Chief Researcher at Chartis. "This partnership addresses a growing industry imperative – the need to establish proper AI governance that aligns with an evolving technology and regulatory environment and provides a framework for institutions to modernize their model risk practices." Why It Matters Accelerates time-to-market by streamlining model documentation and approvals, reducing internal approval time by up to 70% and enabling financial institutions to deploy models more quickly. Replacing manual processes with automation speeds up the creation, maintenance and validation of complex documents for data collection and model development. Streamlines a validation team's efforts by quickly accessing and creating consistent reports. Provides the ability to monitor models with reporting insights to ensure confidence in a model's performance and value. This launch further strengthens the award-winning Experian Assistant product family, extending trusted automation and GenAI capabilities from model development into model governance. Why Choose Experian Assistant for Model Risk Management: Model-Risk-Management Excellence – Simplify model documentation efforts via automation, guided workflows and seamless tool integration. Reduced Risk – Enhance consistency to better align with evolving regulatory guidelines and help mitigate the risk of compliance failures and fines. Enhanced Connectivity – Access to Experian analytics experts and Ascend Ops™ for model registration and deployment, model monitoring, and scenario planning, ensures robust oversight and operational efficiency. To learn more about Experian Assistant for Model Risk Management or schedule a demo, visit: About Experian Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money. We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments. We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,200 people across 32 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates. Other product and company names mentioned herein are the property of their respective owners. View source version on Contacts Michael TroncaleExperian Public Relations+1 714 830
Finextra
01-08-2025
- Business
- Finextra
Experian launches AI assistant to streamline model risk management
Experian today announced the launch of Experian Assistant for Model Risk Management, a first-of-its-kind solution to help financial institutions govern and manage models more efficiently across the entire model development lifecycle. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Fully integrated into the Experian Ascend Platform™ and powered by ValidMind technology, this solution helps accelerate model validation, improve auditability and transparency, and may aid financial institutions in reducing regulatory and reputational risk. This launch follows last October's introduction of the award-winning Experian Assistant and its AI-enabled model-lifecycle features. 'Manual documentation, siloed validations and limited performance model monitoring can increase risk and slow down model deployment,' said Vijay Mehta, EVP, Global Solutions and Analytics, Experian Software Solutions. 'Adhering to model-risk-management guidelines can be a tremendous strategic advantage for financial institutions when they can create, review and validate documentation quickly and at scale, and this new solution offers these capabilities.' As financial institutions accelerate innovation, they must balance the move toward GenAI-enabled capabilities with compliance to global model-risk-management guidelines such as SR 11-7 (US) and SS1/23 (UK). Experian Assistant for Model Risk Management offers financial institutions with customizable, pre-defined templates, centralized model governance repositories, and transparent internal workflow approvals—empowering them to meet regulatory guidelines with confidence and efficiency. 'Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management,' said ValidMind CEO Jonas Jacobi. 'By embedding ValidMind's automation and governance capabilities into the Experian Assistant for Model Risk Management, we're helping financial institutions move faster and satisfy regulator expectations.' 'The combination of Experian's commercial expertise and presence with ValidMind's technology provides the foundation for scalable and explainable AI across the credit and risk lifecycle,' said Sid Dash, Chief Researcher at Chartis. 'This partnership addresses a growing industry imperative – the need to establish proper AI governance that aligns with an evolving technology and regulatory environment and provides a framework for institutions to modernize their model risk practices.' Why It Matters • Accelerates time-to-market by streamlining model documentation and approvals, reducing internal approval time by up to 70% and enabling financial institutions to deploy models more quickly. • Replacing manual processes with automation speeds up the creation, maintenance and validation of complex documents for data collection and model development. • Streamlines a validation team's efforts by quickly accessing and creating consistent reports. • Provides the ability to monitor models with reporting insights to ensure confidence in a model's performance and value. • This launch further strengthens the award-winning Experian Assistant product family, extending trusted automation and GenAI capabilities from model development into model governance. Why Choose Experian Assistant for Model Risk Management: • Model-Risk-Management Excellence – Simplify model documentation efforts via automation, guided workflows and seamless tool integration. • Reduced Risk – Enhance consistency to better align with evolving regulatory guidelines and help mitigate the risk of compliance failures and fines. • Enhanced Connectivity – Access to Experian analytics experts and Ascend Ops™ for model registration and deployment, model monitoring, and scenario planning, ensures robust oversight and operational efficiency.
National Post
31-07-2025
- Business
- National Post
New AI-Powered Experian Assistant for Model Risk Management Streamlines and Accelerates Governance Processes
Article content Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness Article content COSTA MESA, Calif. — Experian today announced the launch of Experian Assistant for Model Risk Management, a first-of-its-kind solution to help financial institutions govern and manage models more efficiently across the entire model‑development lifecycle. Fully integrated into the Experian Ascend Platform™ and powered by ValidMind technology, this solution helps accelerate model validation, improve auditability and transparency, and may aid financial institutions in reducing regulatory and reputational risk. This launch follows last October's introduction of the award-winning Experian Assistant and its AI-enabled model-lifecycle features. Article content Article content 'Manual documentation, siloed validations and limited performance model monitoring can increase risk and slow down model deployment,' said Vijay Mehta, EVP, Global Solutions and Analytics, Experian Software Solutions. 'Adhering to model-risk-management guidelines can be a tremendous strategic advantage for financial institutions when they can create, review and validate documentation quickly and at scale, and this new solution offers these capabilities.' Article content As financial institutions accelerate innovation, they must balance the move toward GenAI-enabled capabilities with compliance to global model-risk-management guidelines such as SR 11-7 (US) and SS1/23 (UK). Experian Assistant for Model Risk Management offers financial institutions with customizable, pre-defined templates, centralized model governance repositories, and transparent internal workflow approvals—empowering them to meet regulatory guidelines with confidence and efficiency. Article content 'Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management,' said ValidMind CEO Jonas Jacobi. 'By embedding ValidMind's automation and governance capabilities into the Experian Assistant for Model Risk Management, we're helping financial institutions move faster and satisfy regulator expectations.' Article content 'The combination of Experian's commercial expertise and presence with ValidMind's technology provides the foundation for scalable and explainable AI across the credit and risk lifecycle,' said Sid Dash, Chief Researcher at Chartis. 'This partnership addresses a growing industry imperative – the need to establish proper AI governance that aligns with an evolving technology and regulatory environment and provides a framework for institutions to modernize their model risk practices.' Article content Why It Matters Article content Accelerates time-to-market by streamlining model documentation and approvals, reducing internal approval time by up to 70% and enabling financial institutions to deploy models more quickly. Replacing manual processes with automation speeds up the creation, maintenance and validation of complex documents for data collection and model development. Streamlines a validation team's efforts by quickly accessing and creating consistent reports. Provides the ability to monitor models with reporting insights to ensure confidence in a model's performance and value. This launch further strengthens the award-winning Experian Assistant product family, extending trusted automation and GenAI capabilities from model development into model governance. Article content Why Choose Experian Assistant for Model Risk Management Article content : Article content Model-Risk-Management Excellence – Simplify model documentation efforts via automation, guided workflows and seamless tool integration. Reduced Risk – Enhance consistency to better align with evolving regulatory guidelines and help mitigate the risk of compliance failures and fines. Enhanced Connectivity – Access to Experian analytics experts and Ascend Ops ™ for model registration and deployment, model monitoring, and scenario planning, ensures robust oversight and operational efficiency. Article content To learn more about Experian Assistant for Model Risk Management or schedule a demo, visit: Article content About Experian Article content Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money. Article content We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments. Article content We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,200 people across 32 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at Article content Article content Article content Article content Contacts
Business Wire
02-06-2025
- Business
- Business Wire
Jan Larsen Joins ValidMind as Chief Revenue Officer to Drive Next Phase of Growth
NEW YORK--(BUSINESS WIRE)--ValidMind, the leading platform for model risk management and AI governance, is proud to announce that Jan Larsen has joined the company as Chief Revenue Officer (CRO). Larsen, who previously served on ValidMind's Advisory Board, brings a distinguished track record in capital markets, credit, model development, and enterprise risk solutions to the company's leadership team. Larsen was formerly the President and Head of CRISIL Integral IQ (formerly Global Research & Risk Solutions), where he led enterprise-wide efforts to deliver cutting-edge analytics and risk solutions to financial institutions globally. His appointment marks a strategic move for ValidMind as the company scales to meet the growing demand for technology-driven risk management solutions across banking, insurance, and asset management. 'I got a demo of the ValidMind platform and was immediately impressed,' said Larsen. 'Model validation is a huge cost driver for financial institutions. ValidMind's AI-native solution addresses this challenge head-on by making validation more objective, consistent, and less error-prone—while significantly reducing both cost and risk.' Larsen's decision to move from the Advisory Board to a full-time executive role reflects his strong conviction in ValidMind's mission to modernize how financial institutions govern and validate risk and AI models. 'The traditional paradigm of annual model reviews just doesn't cut it anymore,' Larsen explained. 'With AI accelerating the model development cycle, institutions need continuous validation capabilities to manage risk effectively. ValidMind is the tech-forward solution that enables this new reality.' Larsen also highlighted the growing relevance of model risk management outside of traditional banking. 'As businesses of all types accelerate deployment of AI to automate and improve their operations, AI governance and model risk management will become a core function spanning across all industries,' he noted. 'The need for streamlined and automated solutions to enable these critical activities has never been more acute.' As CRO, Larsen will lead ValidMind's global revenue strategy, working closely with the go-to-market, product, and customer success teams to deliver scalable value to clients navigating the evolving regulatory and risk landscape. 'Jan's leadership and depth of experience in risk and analytics are invaluable as we expand our footprint,' said Jonas Jacobi, CEO of ValidMind. 'His vision for a faster, smarter, and safer model validation lifecycle aligns perfectly with our mission. We're thrilled to welcome him to the executive team.' About ValidMind ValidMind is the AI-native model validation platform for regulated industries, allowing for next-generation model risk management and AI governance. Built for compliance, speed, and accuracy, ValidMind enables financial institutions to continuously monitor, document, and validate traditional and AI/ML models. Learn more at
Business Wire
12-05-2025
- Business
- Business Wire
SAS Executive and Global Head of MRM Solutions David Asermely Joins ValidMind as Vice President of Global Business Development and Growth Strategy
CARY, N.C. & PALO ALTO, Calif.--(BUSINESS WIRE)--ValidMind, a leading platform for model risk management and AI governance, is pleased to announce the appointment of David Asermely as Vice President, Global Business Development and Growth Strategy. Asermely brings more than two decades of experience in analytics, model risk, and financial services, most recently serving in leadership roles at SAS where he helped shape the firm's Model Risk and AI Governance Solutions for global financial institutions. As the financial services industry embraces artificial intelligence at unprecedented speed, the importance of robust governance frameworks and human-in-the-loop validation to manage associated risks—such as bias, explainability, and regulatory compliance—has never been greater. Asermely's experience in this area will help ValidMind by guiding institutions toward practical, scalable solutions that meet both internal risk mandates and evolving regulatory expectations. Asermely said he has been a long-time admirer of the ValidMind team and mission. 'ValidMind is one of the few organizations I would have left SAS for,' said Asermely. 'Their team is laser-focused on ensuring models are not only high-performing but also fully understood and appropriately governed. The company's nimbleness and depth in AI risk management make this a particularly exciting time to join.' A former educator and product leader at BNY Mellon, Asermely brings a deeply human perspective to the world of risk, shaped in part by his experience during the global financial crisis. 'I saw firsthand how analytics done poorly—or incompletely—can lead to devastating consequences for real people,' said Asermely. 'That experience fundamentally reshaped my career and led me to focus on ensuring risk is managed thoughtfully, transparently, and with purpose. That's what makes joining ValidMind so meaningful.' As part of his role, Asermely will lead go-to-market strategy, strengthen strategic customer partnerships, and help scale ValidMind's offerings at a time when demand for GenAI and AI governance solutions is growing rapidly. 'David brings a rare combination of technical depth, market insight, and heart,' said Jonas Jacobi, CEO and Co-Founder of ValidMind. 'His perspective on the human impact of risk and his ability to translate complexity into clarity make him a powerful addition to our leadership team. We're thrilled to have him on board.' Asermely will be based in Cary, North Carolina.
