A Centralised, Governed Foundation for Model Risk Management for our customer Block

For a financial technology company, keeping a clear and current view of every model and rule is foundational to sound governance. Block's Model Risk Management team set out to centralise its distributed inventory and enrich it with standardised, key metadata fields. By partnering with Yields, the team catalogued its models and rules into one governed inventory that now underpins documentation, validation scope and continuous review.

The challenge: a distributed model inventory

Block's model inventory was distributed across the business. The Model Risk Management team, which oversees the governance and risk management of the models and rules focused on risk and compliance, wanted to bring that information together and enrich it with standardised, key metadata fields.

A centralised inventory was needed to scope the team's validation efforts, keep information current, and support timely maintenance. Without one, maintaining a consistent, up-to-date view across the estate of models and rules was difficult to sustain.

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Why Block chose Yields

When it came to selecting a model risk management partner, Block chose Yields. Two things stood out during evaluation. First, a configurable and flexible platform that Block could shape around the way its team works. Second, a team that brought genuine model risk management expertise, understood Block's use case, and stayed hands-on.

The rollout reflected that. Onboarding was smooth, the team was up and running quickly, and Yields remained hands-on throughout, readily available whenever support was needed.

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The results: governance as a continuous practice

Since adopting Yields Model Risk Management software, Block has catalogued its models and rules into an inventory that serves as the reporting layer for documentation and validation scope. That has improved consistency and made governance and review activities more efficient.

Day-to-day, the centralised model and rule inventory acts as a governed place where the team can find accurate information and connect it into existing workflows. More broadly, it has helped Block move towards governance as a continuous, streamlined practice, with a centralised inventory and audit trail that lets the team track down details efficiently.

The platform also supports the principles set out in federal model risk management guidance around inventory, documentation and change tracking, making it easier for Block to evidence sound governance.

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