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Insights No. 82—Automated workflows standardize and speed model management processes
Banking regulators are increasing scrutiny of analytic models, peeling back layers of the onion with probing questions. They want to know not only how models affect credit policies and customer decisions, but about the processes used for developing, validating, deploying and updating them.
Banking executives, increasingly aware of the full dimensions of model risk, are also asking pointed questions.
Finding answers can add drag to the performance of analytics teams—even pulling them away from high-value work that leads to competitive advantage.