Industrialised model development
10 March 2015
Models are evolving from a cottage industry ecosystem into a large scale production line, where regulatory compliance and time-to-market for new models is the core competitive advantage. A new industrial revolution is upon us.
T he definition of what constitutes a model is becoming broader and more inclusive, whilst its sphere of application is becoming more specific. As the time-to-market for upgrades and new functionality becomes increasingly mission critical, Riskcare is witnessing a fundamental change in the nature of banking.
Tradition has is that the more sophisticated the mathematical modelling, the stronger the commercial offering will be. That is no longer true. Now the game of banking is about your model development process; not the models per se, but the ability to introduce them robustly, efficiently and rapidly.
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