Automated workflows standardize and speed model management processes
To improve analytic performance and ensure compliance, leading banks are implementing formal model management processes. But while best practices may be understood, they can be challenging to deploy consistently and at the right level of granularity, such that no matter where regulators probe—and even with analytic staff turnover—all questions can be readily answered.
This white paper examines how banks are using automated workflow tools to improve model governance without creating extra work for analytics teams. In fact, a bank devoting 80% of modeler time to regulatory requirements could reduce that to 20% or less. Analytics teams are freed to spend more time creating and refining models, leading to better model performance.
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