Experian and ValidMind Announce Strategic Partnership to Revolutionize Model Risk Management

Experian and ValidMind have come together to help automate model risk management while augmenting regulatory compliance, efficiency, and governance with advanced analytics and AI-driven solutions.

A global data and technology leader, Experian and ValidMind, one of the leaders in model risk management, have come together in a strategic partnership to transform how financial organizations manage compliance, operational risk, and model governance. In this collaboration, the strong data and analytics of Experian's Ascend Platform combine with ValidMind's advanced model risk analytics and documentation automation solutions.

This partnership aims to respond to the pressing needs of financial institutions regulatory compliance, operational inefficiencies, and a growing need for scalable governance solutions. The integrated solution provides automating of core processes around model risk management, such as model documentation, validation, and governance, ensuring consistency, thus being able to save time on model risk management requirements such as SR 11-7 and the EU AI Act.

Keith Little, President of Experian Software Solutions, stated, "Our collaboration with ValidMind enhances the Ascend Platform, enabling financial institutions to streamline their model risk analytics and management processes with greater efficiency."

Its rich feature set includes automated model documentation; advanced risk governance; and regulatory compliance capabilities, including performance monitoring, independent validation, and bias detection.

Jonas Jacobi, CEO of ValidMind, stated, "This partnership sets a new bar for automated model risk management, allowing financial institutions to reduce risk and create efficiencies."

Initial customers of the solution are already reporting tremendous reduction in documentation timelines and more audit-ready.