ModelOp Automates Essential Artificial Intelligence (AI) Governance and Regulatory Requirements
Summary
ModelOp, the pioneer of ModelOps software, announced new automated AI governance capabilities that address model risk management regulations identified in the Federal Reserve’s SR 11-7 guidelines, the European Commission’s proposed rules on Artificial Intelligence, along with AI regulations issued by organizations such as the OCC, SEC, and FINRA. The Federal Reserve and other governmental agencies in the U.S. and other countries recognize this and are creating and enforcing new regulatory requirements to minimize these risks by outlining practices that ensure fairness, interpretability, accountability, and transparency for AI model operations (ModelOps). “ModelOp Center was created to address the governance and operational scale challenges enterprises face as they go from having tens, to hundreds, to thousands of models driving critical business decisions,” said Dave Trier, vice president of product. Little innovation has been done to modernize and accelerate the time-consuming, labor intensive and expensive model risk and compliance work,” said Avi Kalderon, CEO of Opening Bell Ventures. Services provided include Data Enablement, Advanced Analytics, Machine Learning & AI, Model Risk Management and Ethics in the age of Autonomous Algorithms.
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