Experian has announced the release of its latest innovation, Experian Assistant for Model Risk Management, designed to improve the efficiency and compliance of financial institutions’ model governance workflows.
The new solution has been developed in response to growing demand from financial institutions to balance innovation in AI and GenAI technologies with the need to meet increasingly complex regulatory requirements. With global standards such as SR 11-7 in the US and SS1/23 in the UK, firms are under pressure to ensure their models are transparent, validated, and auditable.
Experian delivers decision intelligence products and services that help businesses manage risk, protect against fraud, target marketing offers, and automate decision-making. The company is known for its Ascend Platform, which provides advanced analytics and data tools to financial institutions around the world.
The newly launched Experian Assistant for Model Risk Management, embedded in the Experian Ascend Platform and powered by ValidMind technology, is aimed at streamlining the model lifecycle by enhancing validation, auditability, and transparency. The tool supports automated documentation, centralised governance repositories, and built-in workflow approvals—offering a scalable and efficient solution for complying with model risk guidelines.
The product also boasts customisable templates, robust internal workflows, and seamless integration with existing tools. These features can significantly reduce model approval times—by as much as 70%—and simplify complex documentation tasks related to data collection and development.
This launch follows the success of the original Experian Assistant, introduced in October, which won industry recognition for its AI-driven capabilities in model lifecycle management. The new assistant extends these capabilities into model governance, a critical area for financial institutions looking to scale their AI operations responsibly.
Experian has partnered with ValidMind to bring this solution to market. ValidMind brings automation and governance tools tailored for AI model oversight, offering institutions both speed and compliance. Chartis has recognised the partnership’s significance in meeting the need for scalable and explainable AI frameworks.
Experian software solutions EVP Vijay Mehta said, “Manual documentation, siloed validations and limited performance model monitoring can increase risk and slow down model deployment. Adhering to model-risk-management guidelines can be a tremendous strategic advantage for financial institutions when they can create, review and validate documentation quickly and at scale, and this new solution offers these capabilities.”
ValidMind CEO Jonas Jacobi said, “Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management. By embedding ValidMind’s automation and governance capabilities into the Experian Assistant for Model Risk Management, we’re helping financial institutions move faster and satisfy regulator expectations.”
Chartis chief researcher Sid Dash said, “The combination of Experian’s commercial expertise and presence with ValidMind’s technology provides the foundation for scalable and explainable AI across the credit and risk lifecycle. This partnership addresses a growing industry imperative – the need to establish proper AI governance that aligns with an evolving technology and regulatory environment and provides a framework for institutions to modernize their model risk practices.”
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