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Generative AI

April 24, 2025 | Agrawal Anant


What is Generative AI? Generative AI, a transformative technology, gained widespread attention with the launch of ChatGPT and GPT-4 in late 2022 and early 2023, respectively. While experts have been fascinated by this technology for years, its consumer-facing applications have now captured the public's imagination. Generative AI can significantly impact how organizations and individuals operate, with the potential to contribute immensely to the global economy and influence numerous occupations in the US. This technology's ability to produce assets like images…

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Generative AI

What is Generative AI? Generative AI, a transformative technology, gained widespread attention with the launch of ChatGPT and GPT-4 in…

April 24, 2025
Shadow AI

Managing the Risks of Shadow AI

What is Shadow AI Shadow AI is the use of AI within an organization without the knowledge of or oversight…

July 13, 2024
ai-technology

Fraud Detection: AI Risk Management

What is fraud detection and why is risk mitigation important? The prevalence of fraudulent activities presents a major problem to…

May 31, 2024
AI

Understanding SS1/23 Principles for Model Risk Management (MRM)

Understanding SS1/23 Supervisory Statement 1/23 is a regulation by the PRA on Model Risk Management (MRM) for banks within the…

May 15, 2024
Shadow AI

Shadow AI: What is it and How to Manage the Risk from it?

What is it? Shadow AI refers to the use of AI Applications or Models being used within an organization without…

December 11, 2023
AI

Automated AI Risk Assessment & Mitigation

Financial institutions are rapidly adopting AI within their inventory of complex models. We believe, along with most internal auditors and…

November 10, 2023

A Quick Snapshot of the White House Executive Order on the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence (Issued October 30, 2023)

The recent Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence marks a significant step towards regulating…

November 9, 2023

PRA Issues Supervisory statement SS1/23: Model Risk management principles for banks

Author: Adrian Maconick, Director of UK Sales and Marketing The Prudential Regulatory Authority (PRA) has issued a new supervisory statement…

November 9, 2023
1

The Startling Reality of Errors of Accounting: Why They Happen and How to Prevent Them

Errors of accounting are comparable to weeds in a garden—easy to overlook but potentially disastrous if left unattended. The majority…

October 19, 2023
excel

Are you going to ignore your spreadsheet risk, or address it?​

Regardless of the size of your company every finance organization uses spreadsheets. To some degree, Accounting, Treasury, Tax, and FP&A…

March 13, 2023
spreadsheets

Spreadsheets: A True Love Story

Nowadays we take spreadsheets for granted. Their power is simply at our fingertips. But it wasn't always this way. How…

February 14, 2022
spreadsheets

Got LIBOR?

The London Interbank Offered Rate – commonly known as LIBOR – will expire by December 31, 2021. The move is…

March 10, 2021
model risk management

What provides the Lowest Total Cost of Ownership (TCO) – Best of Breed Packaged Software vs. an Internally Developed Solution?

Anyone who has bought computer systems over the last 30 years has come up against the same dilemma – shall…

July 6, 2020
bafin

CIMCON Support for BaFin Requirements

At the start of November 2017, BaFin published the Supervisory Requirements for IT in Financial Institutions (Bankaufsichtliche Anforderungen an die…

February 26, 2020
model risk management

EUC Risk Management & Controls in the Cloud

Is your organization moving towards cloud computing solutions? If so, these initiatives can typically be viewed as two different types…

July 11, 2019
model risk management

How to Safeguard your Data in Excel

There are numerous, well-publicized incidents of data loss and data breach associated with the use of spreadsheets. This perpetual information…

June 3, 2019
model risk management

Is SharePoint a cost-effective solution for EUC and Model Inventory Management?

Having an accurate and up to date inventory of models (whether they are spreadsheet-based or other) is the foundation of…

April 18, 2019
spreadsheets

Don’t be Headline News: Protect the PII Under Your Control

There should be no schadenfreude experienced after the news reports of BlackRock accidentally leaking a spreadsheet containing the PII (personally identifiable information)…

January 29, 2019
spreadsheets

2019 Perspectives: Reducing Spreadsheet & Other End-User Computing Risk

Do you think that any of your critical business processes are vulnerable to a spreadsheet error? Or perhaps, has the…

January 10, 2019
model risk management

Model Inventory: There is a Better Way

Creating and maintaining a Model Inventory is simple in concept but much harder in practice. Identifying the existing models to…

October 23, 2018
model risk management

New Woes for the UK Model Risk Manager

The Prudential Regulatory Authority’s Supervisory Statement SS3/18 concerning model risk management principles is the latest in a long line of…

July 13, 2018
spreadsheets

Protect Personally Identifiable Information (PII) in Unstructured Documents & Spreadsheets in Support of GDPR

You have millions of end-user controlled files in your organization. Do you know which documents, spreadsheets and other files contain…

May 30, 2018
spreadsheets

Should the CEO care about Spreadsheet Risk? Yes! Three Current Headlines Reveal Why.

Why would a senior executive with strategic responsibilities even remotely think about something so seemingly tactical as spreadsheet risk? Read…

April 24, 2018
model risk management

Microsoft has Ended Support for Audit & Control Manager/Prodiance. Who You Gonna Call?

Given your dependence on Microsoft Audit & Control Manager's Server, are you concerned about the sustainability of your spreadsheet risk…

March 8, 2018

Why are you Wasting Time Manually Hunting for Errors in your Excel Spreadsheets?

Just one tiny spreadsheet error can snowball into a disaster for your company and for everyone responsible. No organization wants…

March 1, 2018

CIMCON Recognised as Best End-User Computing Risk Management Solution by InsuranceERM

We're super proud to share with you that InsuranceERM has awarded CIMCON Software the Best End-UserComputing Risk Management Solution in…

February 8, 2018

What I learned from Walmart’s CIO about EUC Risk Management

Earlier this year, Peter High wrote on Forbes.com about an interview he had with Clay Johnson who currently is the CIO of…

January 24, 2018

Ignore the CFO: 3 Reasons to Keep Your Spreadsheets!

Two recent articles in The Wall Street Journal reignited the debate between spreadsheet defenders and foes. Excel is perennially derided…

January 9, 2018

CIMCON XLAudit 4.8: Combines RCSA with Error Diagnostics Directly within Excel

CIMCON XLAudit 4.8 enables self-attestation right from Excel making it easier for those in the line of business to fulfill…

September 14, 2017

5 Steps to More Effective Spreadsheet & EUC Controls

Get Started Managing Spreadsheet Risks Today - It's Easier Than You Think!! Everyone knows it – Spreadsheets and other end-user…

August 24, 2017
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