There has been a lot of conversation over the years about risk management; this has included its importance and how to do it. Unfortunately, all this conversation has taken place separately, and there ...

The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model for risk management that has been around for more than two decades with an eye toward updating it for ...

As institutions explore generative AI for transaction monitoring, sanctions screening and KYC processes, questions about ...

A new study has unveiled one of the most accurate corporate credit risk forecasting models to date. This study is a result of collaboration among quantitative finance experts from data and AI leader ...

According to recent analysis by Markntel Advisors, the Global AI Model Risk Management (MRM) Market is experiencing accelerated growth, driven by soaring enterprise adoption of artificial intelligence ...

Newest addition to Experian Assistant product family allows financial institutions to document, validate and monitor models with speed, transparency and audit-readiness “Manual documentation, siloed ...

While the Federal Deposit Insurance Corporation (FDIC) updated its model risk management guidelines in June 2017, under FIL-22-2017, it has taken time for the full implications of the changes to ...

What: “Managing Cybersecurity Risk in Government: An Implementation Model,” a report from the IBM Center for The Business of Government Why: While federal agencies are required to comply with the ...

“Behold the turtle. He makes progress when his neck is out.” -James B. Conant Emergencies of all types are inherently dangerous because of the unsettled nature of incidents and the dynamics involved ...

Models are everywhere. Many organizations use models for facilitating the decision-making process, for accounting and tax purposes, and for managing day-to-day operations. In fact, organizations are ...

A new framework for cybersecurity risk management reporting unveiled by the AICPA can help businesses meet a growing challenge, and creates a new engagement for CPAs to examine and report on clients’ ...