BANGALORE and FREMONT, California, June 16, 2016 /PRNewswire/ --
BRIDGEi2i Analytics Solutions today announced that it will unveil M - model governance and monitoring suite at GFMI's Model Risk Conference to be held in New York between 22nd and 24th June, 2016.
The global financial crisis demonstrated to the financial institutions that 'model risk' is real and consequences can be overbearing. The risk of decisions based on flawed or misused models is termed as Model Risk. This important source of risk is a growing concern and regulators have significantly increased their focus on this, driving financial institutions to prioritize their efforts on Model Risk Management (MRM) programs. BRIDGEi2i's Risk Management practice enables banks and financial institutions to manage model risk effectively through its Model Governance and Monitoring Suite - M2.
"M will enable financial institutions to go beyond regulatory requirements and drive effective model risk management with agility and efficiency," says Ashish Sharma, Cofounder and COO of BRIDGEi2i.
"Mcould serve as a centralized control tower that facilitates streamlined co-ordination between various stakeholders across the model life-cycle through flexible workflows, real time monitoring and automated reporting," added Vijay Patil, Chief Risk & Strategy Officer Yamaha Motor Finance.
"What is unique about M is it drives enterprise wide visibility, efficiency, auditability and is flexible to meet the needs of both large and small financial institutions," said Prithvijit Roy, CEO.
M² enables structured model governance by providing complete control and visibility over model performance with in-depth monitoring metrics for evaluation and alerts. It effectively integrates governance work-flows to manage models across the entire lifecycle right from development to retirement. To know more about M² click here.
BRIDGEi2i partners with global enterprises to drive sustainable return on investment from analytics by embedding decision engines into business processes and systems, leveraging its proprietary personalization and optimization algorithms. It offers analytics and decision support solutions across marketing, sales, supply chain, pricing and risk management functions. The company has a global presence with offices in Bangalore, India and Bay Area, US.
To learn more, visit http://www.BRIDGEi2i.com
Phone: +91-80-67422100 (India), +1-650-666-0005 (USA)
SOURCE BRIDGEi2i Analytics Solutions