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Model Management: How to meet Banking Model Regulations without Killing your Analytics Teamís Produc

White Paper Published By: FICO
FICO
Published:  Nov 03, 2015
Type:  White Paper
Length:  6 pages

Banking regulators are increasing their scrutiny of analytic models, peeling back layers of the onion with probing questions. They want to know not only how models affect credit policies and customer decisions, but about the processes used for developing, validating, deploying and updating models. Banking executives, increasingly aware of the full dimensions of model risk, are also asking pointed questions. In this article, the author explains how finding answers can add drag to the performance of analytics teams Ė even pulling them away from high-value work that leads to competitive advantage.