Generative AI
What is Generative AI? Generative AI, a transformative technology, gained widespread attention with the launch of ChatGPT and GPT-4 in…
04/24/2025
AI & Model Risk Management
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…
07/13/2024
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…
05/31/2024
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…
05/15/2024
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…
12/11/2023
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…
11/10/2023
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…
11/09/2023
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…
11/09/2023
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…
04/18/2019
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…
10/23/2018
