Solutions Made Stronger on the Cloud
FASTER TIME TO VALUE
The Yields MRM Suite cuts the total time spent on model risk from 6 FTE months/year/model for standard MRM to 2.5 FTE weeks/year/model for technology-driven MRM.
COMPREHENSIVE COMPLIANCE
The IBM Cloud Framework for Financial Services provides a controls framework and compliance structure for the entire ecosystem through a common set of automated, preconfigured controls applied across IBM Cloud® services, third-party applications and financial institution workloads.
STREAMLINED PROCESSES
The Yields MRM Suite automates repetitive tasks and increase efficiency by a factor of 10. It also helps you to perform more frequent and comprehensive analyses to manage your exposure to model risk.
The Challenge
Financial institutions are heavily dependent on models of all kinds in nearly all functions within their organizations. Models are being used to assess creditworthiness, to detect money laundering, to understand customer behaviour, to make investment decisions, and manage capital adequacy.
Following the financial crisis, regulatory scrutiny of this topic has increased considerably. It has become imperative for banks to manage and monitor their Model Risk Management activities while ensuring security and privacy.
Financial institutions need a platform that can operate on a cloud that enables them to rapidly provision and test innovative models while also meeting their strict industry security and compliance requirements.
The Solution
The Yields model risk management platform is an end-to-end platform that incorporates AI for real-time model testing and validation on an enterprise-wide scale. This allows you to speed up model validation tasks, generate regulatory compliance documentation, and industrialize model monitoring.
Yields offers advanced automation capabilities, high flexibility, enhanced collaboration abilities, and robust integrations. And bonus: The suite offers a model inventory and workflow engine that can be configured in a no-code manner.
Taking advantage of the Yields MRM Suite means you can centrally manage and streamline your model risk management processes with efficiency, confidence, and speed all by saving time and money.
IBM Cloud for Financial Services, speed innovation and address your security and compliance needs.
IBM Cloud for Financial Services is supported by an ecosystem of curated ISVs, fintechs and SaaS providers, such as Yields, to help make it easier and faster for financial institutions to onboard third-party applications and services and begin working with them on IBM Cloud.
The IBM Cloud for Financial Services is designed to help financial institutions:
Address your compliance requirements with an industry-built common controls platform.
Operate with choice and agility through hybrid
cloud deployment options.
Safeguard data with industry-leading security capabilities.
Speed innovation with an ecosystem of ISVs, fintechs and SaaS providers.
Case study
Discover how banks worldwide employ Yields
Read how top-tier, regional and local banks manage their entire lifecycle with the Yields MRM Suite.
End-to-End Trusted Security
Today, financial institutions need a cloud that enables them to better manage their model lifecycle while they meet strict industry security and compliance requirements.
Financial institutions want to know that the highly confidential models they are creating will increase their efficiency while also reducing their risk.
Now with the Yields and IBM Cloud for Financial Services partnership, that is possible.
*Learn more about the IBM Cloud Framework at ibm.com/cloud/financial-services
IBM Cloud for Financial Services has received the AAA rating from Pinakes, a service managed by the Interbank Cooperation Center (ICC), which works to create a secure ecosystem for the Spanish financial industry. “IBM Cloud for Financial Services receives a triple A rating in Pinakes from the Center for Interbank Cooperation”, IBM, https://www.ibm.com/blogs/think/es-es/2022/05/20/ibm-cloud-for-financial-services-recibe-la-calificacion-triple-a-en-pinakes-por-parte-del-centro-de-cooperacion-interbancaria/.
1. Based on industry averages and actual client testimonials. Individual results will vary. These results are not intended to represent or guarantee that all users will achieve the same or similar results.
Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
Note: The client and/or IBM Business Partner is responsible for ensuring compliance with all applicable laws and regulations applicable to it. IBM does not provide legal advice or represent or warrant that its services or products will ensure that the client is in compliance with any law or regulation.
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