Balancing Innovation and Risk: Navigating AI/ML Challenges with MRM

AI technology advancements have outpaced the capabilities of legacy model risk management (MRM) systems, leaving critical vulnerabilities that can jeopardize compliance and result in financial losses and reputational harm. As financial institutions, banks, and insurance companies rely more on sophisticated AI/ML models to make decisions, modern MRM technology has become critical to managing the lifecycle of models —ensuring a swift and dependable process — without stalling innovation. Watch this webinar and you’ll uncover: - The limitations of traditional MRM systems and why they fall short in managing the complexities of modern AI/ML models. - How advanced MRM technologies can seamlessly integrate into your institution's framework, mitigating unseen risks and protecting your organization. - Strategies for aligning AI/ML models with your institution’s risk appetite, preventing compliance issues, and financial setbacks. - Ways to balance successful risk mitigation and AI/ML innovation, while maintaining your institution's competitive edge.