Experian Expands AI-Driven Capabilities
Experian, a global data, analytics, and credit reporting leader, has unveiled its new GenAI tool for model risk management.
The Experian Assistant for Model Risk Management is designed to streamline compliance processes and enhance efficiency across the model development lifecycle.
This launch addresses growing regulatory expectations, increasing governance complexity, and rising adoption of AI-driven solutions by financial institutions globally.
Through this step, Experian aims to help firms balance innovation with compliance requirements under evolving frameworks in different jurisdictions.
Addressing Global Compliance Needs
Financial institutions adopting GenAI technologies face complex regulatory environments, with strict frameworks like SR 11-7 in the US and SS1/23 in the UK.
Experian’s GenAI tool directly addresses these challenges by providing automation and structured workflows for better governance and reduced compliance risks.
This solution helps firms manage models effectively, ensuring transparency, reliability, and consistency throughout every phase of the model lifecycle.
It empowers organisations to meet global compliance standards while continuing to innovate and deploy advanced models faster and more securely.
Streamlined Model Management Processes
The GenAI tool integrates automation into critical model management functions, including documentation, validation, and performance monitoring for financial models.
By reducing internal approval times by up to 70%, it enables quicker model deployment and improved auditability across multiple financial ecosystems.
The tool leverages guided workflows that simplify complex governance processes while ensuring complete transparency in decision-making and regulatory reporting tasks.
These capabilities allow financial institutions to accelerate innovation without compromising on strict compliance obligations demanded by global regulators.
Built with ValidMind Technology
Developed using ValidMind’s technology, the GenAI tool introduces pre-defined templates, centralised governance repositories, and transparent workflow approvals for model oversight.
This collaboration ensures reliable adherence to global model risk guidelines, reducing regulatory and reputational risks for financial institutions worldwide.
The new tool builds on Experian’s earlier AI-powered assistant launched in October, expanding functionality from development to governance capabilities seamlessly.
The assistant integrates directly with the Ascend Platform™, connecting with Ascend Ops™ for model registration, deployment, and advanced scenario planning.
Driving Faster and Safer Model Deployments
Experian’s solution brings together innovation, automation, and compliance under a single platform designed for complex financial model ecosystems globally.
It simplifies the traditionally long and fragmented model management process, improving efficiency while reducing errors and manual intervention significantly.
By using the GenAI tool, institutions can accelerate approvals, strengthen governance, and achieve more robust risk management across their operations.
These improvements enhance transparency, enabling regulators, auditors, and stakeholders to access reliable and consistent data for decision-making processes quickly.
Industry Leaders Support the Launch
ValidMind CEO Jonas Jacobi emphasised the importance of this partnership for operationalising AI in governance and model risk management systems.
He highlighted that integrating automation and governance capabilities empowers institutions to innovate faster while meeting strict regulatory expectations consistently.
This collaboration between Experian and ValidMind showcases how AI can transform traditional financial workflows, reducing operational costs and compliance delays.
Experts believe the GenAI tool sets a new benchmark for combining technological progress with regulatory readiness in model management frameworks.
A New Era for Model Governance
The introduction of this tool marks a significant milestone in modernising model governance within rapidly evolving financial service environments globally.
Experian is positioning its platform as a trusted solution for institutions facing increasing demands from regulators and market dynamics simultaneously.
By leveraging GenAI, the company ensures firms can manage risk, accelerate deployment, and remain competitive in an AI-driven financial landscape.
With the GenAI tool, Experian delivers efficiency, compliance, and innovation together, driving the future of intelligent model management solutions worldwide.