CIMCON for Banking
In the rapidly evolving banking sector, the complexity and variety of end-user computing tools (EUCs), models, and AI systems being used for credit risk, fraud detection, personalized banking, algorithmic trading and more are increasing at an unprecedented rate. Traditional methods of manually tracking these resources in spreadsheets or using disparate sets of AI validation tools are inefficient and prone to errors.
At CIMCON Software, our integrated EUCI Product Suite has been leveraged by 7 of the top 15 banks in the U.S., 5 out of the top 15 banks in the U.K. and hundreds more around the world. Together our tools help standardize Risk Assessments across model types, Test and Validate assets custom to their unique risk profile (Formula Evaluation for Excel, prompt-response evaluation for GenAI), as well as offer Comprehensive Inventory, review Workflows, Controls, Monitoring & Reporting functionality.
$465.8 Billion Revenue
$11.9 Trillion Assets
Our Customers
Top 3 US Bank
$2.4t in assets
Top 3 US Bank
$1.7t in assets
Top 5 US Bank
$1.7t in assets
Top 10 US Bank
$500b in assets
Top 10 US bank
$400b in assets
Top 15 US bank
$300b in assets
Top 15 US bank
$224b in assets
Top 3 UK Bank
£0.8t in assets
Top 3 UK Bank
£0.6t in assets
Top 3 UK Bank
£0.5t in assets
Top 10 UK Bank
£0.25t in assets
Top 15 UK Bank
£90b in assets
Top 3 Canadian Bank
C$ 1.2t in assets
Top 3 Canadian Bank
C$ 560b in assets
Top 3 French Bank
€2t in assets
Top 3 French Bank
€1.4t in assets
Top 3 German Bank
€479b in assets
Top 3 Japanese Bank
$2.2t in assets
Top 3 Japanese Bank
$2t in assets
Top 4 Brazilian Bank
$33b in assets
Regulatory Compliance
CIMCON simplifies compliance, ensuring that every component of your model landscape meets global and local regulations. Key regulations relevant to EUCs and AI in the banking sector include:
EUC Regulations
- Comprehensive Capital Analysis and Review (CCAR)
- Dodd-Frank Stress Tests (DFAST)
- Basel III
- MiFID
- Sarbanes-Oxley
- BaFin
Model Regulations
- EU AI Act
- NIST AI Risk Management Framework
- SR 11-7
- SS1/23
Key Features
AIValidator
Automated validation that ensures AI models perform reliably and ethically, with tools for testing data integrity, bias, and performance.
Standardized Risk Assessment & Shadow AI Monitoring
Automatic Risk Assessment of all assets with your network based on your EUC & AI Policy. Proactively detect unauthorized AI applications in 3rd party apps to prevent security breaches and ensure data integrity.
Centralized Model Inventory & Workflows
Comprehensively view all relevant EUC, AI, & GenAI information, custom to the asset type, in our centralized Model Inventory. Automate Approvals & Findings through our No Code Workflow Designer.
Monitoring & Regulatory Reporting
Monitor performance changes over time for all tests as well as generate reports effortlessly, aligning with internal policy & external regulations through intelligent automation.
Controls & Audit Trail
Set cell level permissions for EUCs as well as file level permissions for Python, monitor the Audit Trail for changes, manage different versions, as well as identify copies through CIMCON’s Change Management Controls Framework.
XL Audit
A robust Excel plugin designed to identify and correct errors in spreadsheets, crucial for financial and pharmaceutical companies.
Top 5 Banking Customer Case Study
Resources
AI Risk Management Policy
Leveraging collective wisdom from experts in the domain, regulatory recommendations, and our 25+ years of experience, this policy outlines step by step recommendations for AI & GenAI Risk Assessment, Controls, Testing, Monitoring, Compliance Reporting and everything in between.
Why EUC Risk Matters
EUC risk, often seen as errors or confidential data loss, can have a material impact. Based on our experience with hundreds of customers, this white paper outlines how to understand your risk level, implement best practices, and align stakeholders on Why EUC Risk Matters?
