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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

Description

Your program is just one vulnerability away from overlooking significant risks. As financial institutions increasingly integrate complex calculations, holistic business models, and designated model owners, risk models are evolving in sophistication. Hidden dangers may lurk within the gaps between different models. However, organizations need not endure the fragmentation of their programs. The Crowe Model Risk Manager offers a software solution that seamlessly integrates model risk management throughout the entire process. This centralized platform, equipped with real-time visualizations, simplifies the management of workflows, allows for effective issue tracking, report generation, and compliance demonstration. Financial institutions can transition beyond traditional spreadsheets and emails to achieve a unified and thorough perspective. With our innovative software, understanding all facets of your model risk management becomes straightforward and accessible. Model owners can easily identify their responsibilities, along with defined next steps and continuous activity oversight. Furthermore, banks can implement automated workflows and actions, enhancing efficiency and ensuring the program remains on track. This holistic approach empowers organizations to proactively address risks, ultimately leading to more robust risk management strategies.

Description

Both AI and non-AI models require effective risk management and oversight to function optimally. Fairly offers a continuous monitoring system designed for robust model governance and oversight. This platform facilitates seamless collaboration between risk and compliance teams alongside data science and cyber security professionals, ensuring that models maintain reliability and security standards. Fairly provides a straightforward approach to staying current with policies and regulations related to the procurement, validation, and auditing of non-AI, predictive AI, and generative AI models. The model validation and auditing process is streamlined by Fairly, which grants direct access to ground truth in a controlled environment for both in-house and third-party models, all while minimizing additional burdens on development and IT teams. This ensures that Fairly's platform not only promotes compliance but also fosters secure and ethical modeling practices. Furthermore, Fairly empowers teams to effectively identify, assess, and monitor risks while also reporting and mitigating compliance, operational, and model-related risks in alignment with both internal policies and external regulations. By incorporating these features, Fairly reinforces its commitment to maintaining high standards of model integrity and accountability.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Microsoft Azure

Integrations

Microsoft Azure

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Crowe

Country

United States

Website

www.crowe.com/services/consulting/financial-services/regulatory-response/model-risk-management/model-risk-manager

Vendor Details

Company Name

Fairly

Country

Canada

Website

www.fairly.ai/

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