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Description
Both AI and non-AI models require effective risk management and oversight to function optimally. Fairly offers a continuous monitoring system designed for robust model governance and oversight. This platform facilitates seamless collaboration between risk and compliance teams alongside data science and cyber security professionals, ensuring that models maintain reliability and security standards. Fairly provides a straightforward approach to staying current with policies and regulations related to the procurement, validation, and auditing of non-AI, predictive AI, and generative AI models. The model validation and auditing process is streamlined by Fairly, which grants direct access to ground truth in a controlled environment for both in-house and third-party models, all while minimizing additional burdens on development and IT teams. This ensures that Fairly's platform not only promotes compliance but also fosters secure and ethical modeling practices. Furthermore, Fairly empowers teams to effectively identify, assess, and monitor risks while also reporting and mitigating compliance, operational, and model-related risks in alignment with both internal policies and external regulations. By incorporating these features, Fairly reinforces its commitment to maintaining high standards of model integrity and accountability.
Description
The Modelscape solution streamlines the management of financial models' lifecycle for financial institutions, enhancing documentation, transparency, and compliance. By adopting this solution across the entire model lifecycle, users can take advantage of standardized workflows, automated documentation processes, and seamless artifact linking. This approach allows for the horizontal and vertical scaling of algorithms, models, and applications. Additionally, it supports various enterprise infrastructures and programming languages, including Python, R, SAS, and MATLAB. Comprehensive tracking of issues throughout the model lifecycle is facilitated by full model lineage and detailed reporting on issues and usage. An executive dashboard provides insights into model data, enables custom algorithm execution, and offers automated workflows, all while granting web-based access to a thorough, auditable inventory of models and their dependencies. Users can also develop, back-test, and document their models and methodologies effectively. This solution significantly enhances the transparency, reproducibility, and reusability of financial models, while also automatically generating the necessary documentation and reports to support ongoing compliance efforts. In doing so, it empowers financial institutions to maintain high standards in model governance and operational efficiency.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Fairly
Country
Canada
Website
www.fairly.ai/
Vendor Details
Company Name
MathWorks
Country
United States
Website
www.mathworks.com/solutions/finance-and-risk-management/modelscape.html