The post-crisis banking landscape has been characterised by the rapid spread of analytical models to drive more informed business decision making and more robust regulatory compliance. But in the rush to derive a more detailed understanding of business and customer dynamics, many financial institutions have allowed their analytical enterprise to spiral out of control. As regulatory scrutiny around model governance intensifies and front-line business units come to rely ever more heavily on model output, so banks must actively address the need for a more structured approach to model management.
On the 21st of June, IDC Financial Insights leading analyst Michael Versace will explore and facilitate peer discussions about policies and strategies that are in place, but also the gap that exists between good intentions and implementing, monitoring and optimisation of the analytical capability.
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Versace will share the results of IDC's latest interviews conducted with relevant strategic and operational staff from a selection of European financial institutions in Europe, leveraging best practice experience to respond to the increasing necessity of managing and controlling disparate analytical models across the enterprise.
- Speed and robustness of model deployment — assessing the challenges faced by financial institutions in the development, production and distribution of analytical models
- Monitoring and optimisation of model performance — understanding current issues with evaluating model output and continued relevance to strategic objectives
- Ongoing model validation — discussing the imperative of structured validation of model purpose, assumptions and accuracy
- Regulatory compliance with model governance frameworks — wrapping all of the above into the current regulatory climate and the increased emphasis applied to model governance
IDC Financial Insights and FICO invite you to join us on June 21 when we will be hosting an executive roundtable event with a select group of senior business heads and executives, analytics professionals and IT professionals. The session will provide an excellent opportunity to share views, opinions and ideas on how to manage model governance and decision support frameworks in today's complex banking landscape.
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