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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk. Model risk management. Image by Ben Lorica. model re-training).

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Emerging Trends: 4 IRM Market Insights to Aid COVID-19 Business Recovery

John Wheeler

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110
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5 ways to reduce compliance costs with AI and automation

CIO Business Intelligence

Deloitte estimates that compliance costs for banks have increased by 60% since the financial crisis of 2008, and the Risk Management Association found that 50% of financial institutions spend 6 to 10% of their revenues on compliance.

Risk 145
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What is Model Risk and Why Does it Matter?

DataRobot Blog

The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks. However, after the financial crisis, financial regulators around the world stepped up to the challenge of reigning in model risk across the financial industry.

Risk 111
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Back to the Financial Regulatory Future

Cloudera

It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008. While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008.

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Cloudera wins Risk Markets Technology Award for Data Management Product of the year

Cloudera

Cloudera comprehensively supports the demanding risk and compliance requirements of financial services and insurance organizations globally and it is an honor to receive this recognition. Supporting the industry’s risk data depository and data management needs. Risk management and models in a COVID-19 world.

Risk 88
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Driving 15 years of IT transformation in 5

CIO Business Intelligence

These include network management, help desk, establishing and enforcing policies related to information security and risk management, and several other IT functions. The Birmingham, Ala.-based At corporate, we focus on things that can be done globally,” says Lovelady. IT’s seat at the table has been cemented for many reasons.

IT 111