Automating Model Validation

What are the problems
the bank faced

A top-tier bank was unable to cope with increasing regulatory requirements on the validation of IFRS 9 credit models, liquidity models, etc. The bank needed a solution that can help improve their validation process and benchmark models.

Our Solution

Using a SaaS version of Chiron App, the bank has been able to significantly improve their validation process:

  • Automate periodic validation of the credit risk models, leading to 10x faster validation and better benchmarking
  • Improve liquidity models thanks to the use of machine learning techniques
  • Showcase innovation which has helped attracting high-profile employees

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