Yields Forms Strategic Partnership with Evalueserve to Enhance MRM at financial institutions
Ghent, 17 June 2024 – Yields, a frontrunner in model risk management solutions, is excited to announce a new strategic partnership with Evalueserve, a leading provider of technology-enhanced managed services with deep expertise in risk management across financial institutions, headquartered in Switzerland. Against the backdrop of increased regulatory scrutiny in both model and AI risk, this partnership will support banks navigating this dynamic and complex landscape.
This partnership is uniquely positioned to address the specific needs of complex financial institutions, where the use of AI and generative AI is growing rapidly. In this environment, risk management teams are facing distinctive challenges in model risk management and regulatory compliance. By integrating Yields’ cutting-edge model risk management platform with the deep technology and industry knowledge of Evalueserve, institutions will benefit from custom solutions that enhance their risk management capabilities, ensure regulatory compliance, and support efficient operational scaling.
Jos Gheerardyn, CEO of Yields, commented on the partnership, stating, “Our partnership with Evalueserve marks a significant milestone in our mission to empower financial institutions with superior model risk management capabilities. Leveraging Evalueserve’s global network and deep MRM expertise allows us to tailor our technology solutions more effectively, ensuring that banks can manage their risks more efficiently and with greater confidence.”
“We are delighted to offer Yields’ innovative technology as part of our services for clients,” said Anna Slodka-Turner, Global Leader of Risk and Quant Solutions at Evalueserve. “Our advisory services often reveal challenges in scaling validation and monitoring, especially in lower tier models. Identifying areas to automate and implementing proven technology are essential to increasing quality and efficiency.”
The partnership between Yields and Evalueserve underscores a shared commitment to providing the financial industry with innovative, efficient, and regulatory-compliant risk management solutions. Global and local institutions can now look forward to benefiting from a partnership that understands their unique needs and delivers cutting-edge technology and advisory services designed to empower their operations.
For more information about the partnership and its benefits for local banks, please visit www.yields.io and www.evalueserve.com.
About Yields
Yields is at the forefront of model risk management software development, offering advanced solutions that help financial institutions across the globe efficiently manage and mitigate model risks. With a commitment to technological innovation and regulatory compliance, Yields supports its clients in enhancing the accuracy and efficiency of their risk management practices.
About Evalueserve
Evalueserve is a leading global provider of technology-enhanced managed services. Within Financial Services, the firm’s expertise include risk management, lending, investment banking, and investment management. More than 60 of the world’s largest financial institutions, 30% of the Fortune 1000, and Big Four consultancies rely on Evalueserve’s solutions to accelerate insights, optimize processes, and enhance decision-making.
Contact Information:
Yields Media Contact:
Jos Gheerardyn
Chief Executive Officer
jos.gheerardyn@yields.io
+32 479 527 261
Evalueserve Media Contact:
Anna Slodka-Turner, Ph.D.
Global Head of Risk and Compliance
anna.slodka-turner@evalueserve.com
+40 364 730 300
