CEO at SPIN Analytics.
SPIN Analytics is a FinTech and RegTech company and developed RISKROBOT™, which automates the development, documentation and validation of Credit Risk models, massively reducing the cost and the time of the modelling effort.
Managing credit risk models for banks in today's shifting regulatory environment is incredibly complex and expensive. Developing, maintaining and reporting on these models requires a host of specialized risk analysts and IT resources as well as large amounts of time & money. Each bank maintains from dozens to thousands of these models depending on its size and business profile with droves of internal staff working on them in the Risk and IT departments. Mandatory regulatory requirements and stress-tests such as CCAR, CECL & IFRS9 greatly compound the magnitude of this problem.16 March 2020