We embed trust in an algorithm-driven world

Our story & values

In 2017, Jos Gheerardyn and Sébastien Viguié co-founded Yields.io. After many years of experience in banking, Jos and Sebastien witnessed financial institutions’ growing dependency on decision-making models. Furthermore, introducing advanced analytic techniques – such as Machine Learning and Artificial Intelligence – in models led to new challenges in managing model risk.

Driven by the potential financial and reputational damage caused by the usage of models that are not fit for purpose or implemented incorrectly, regulatory scrutiny and requirements have intensified over recent years and model risk has taken center stage on the regulatory agenda. Model risk is increasingly being elevated as a standalone principal risk that demands robust and transparent model validation capabilities and controls, anchored within formalized MRM governance. As a result, financial institutions are reconsidering their operating model and exploring strategies to effectively manage their exposure to model risk through fast-emerging automation capabilities. The whole model lifecycle is typically a manual and expensive process often supported by technology that cannot cope with the models’ increasing complexity and versatility.

That’s why we created Chiron, an award-winning data science platform to support financial institutions throughout their model risk management journey. With Chiron, we are living up to our mission to embed trust in an algorithm-driven world.