Experian, a global leader in data, analytics, and credit reporting, has launched the Experian Assistant for Model Risk Management, an AI-powered tool designed to enhance compliance and efficiency across the model development lifecycle.
The launch responds to growing regulatory expectations and increasing complexity in model governance, particularly as financial institutions adopt GenAI technologies. Experian’s new solution aims to help firms balance innovation with regulatory compliance frameworks such as SR 11-7 in the US and SS1/23 in the UK.
Experian helps businesses and individuals make better financial decisions by providing data-driven insights, analytics solutions, and credit services. Through its Experian Ascend Platform™, the company supports model development, deployment, and monitoring at scale.
The new Experian Assistant for Model Risk Management streamlines model documentation, validation, and performance monitoring by integrating automation and guided workflows. This reduces internal approval times by up to 70%, enabling quicker model deployment while improving auditability and transparency.
Built using ValidMind’s technology, the solution introduces features such as pre-defined templates, centralised governance repositories, and transparent workflow approvals. These capabilities ensure compliance with evolving global model-risk guidelines while reducing regulatory and reputational risks.
This product builds on the award-winning Experian Assistant launched in October, extending its GenAI-powered capabilities from model development into model governance. The expanded solution is fully integrated into the Ascend Platform, providing seamless connectivity to tools like Ascend Ops™ for model registration, deployment, and scenario planning.
ValidMind CEO Jonas Jacobi said, “Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management. By embedding ValidMind’s automation and governance capabilities into the Experian Assistant for Model Risk Management, we’re helping financial institutions move faster and satisfy regulator expectations.”
Read the full RegTech Analyst post here.
Keep up with all the latest FinTech news here
Copyright © 2025 FinTech Global
