Technology
Financial Services Model Platform
Streamline your organisation's model risk management (MRM) to enhance compliance and governance, while also increasing efficiency and reducing complexity and costs.
Model risk governance
Turn MRM into a strategic advantage that boosts confidence, business growth, and compliance.
FS Model Platform transforms MRM by integrating advanced data processing, quantitative analysis, and comprehensive governance into a single solution tailored to meet regulatory requirements.
Our latest EMEA insights
of banks still solely use MS Excel for MRM
of banks seek to improve their model inventory
of insurers do not use any tools for MRM
Solving industry challenges
Your challenge
Organisations face significant challenges in effectively operationalising MRM frameworks as regulatory expectations, such as the EU AI Act, continue to rise.
Ineffective MRM can result in inefficiencies, including suboptimal resource allocation, unnecessary complexity, and an increase in manual, error-prone tasks.
Our solution
We offer a comprehensive, centralised, and secure MRM system designed to integrate governance, model lifecycle management, and reporting.
Our system is built on extensive domain knowledge and provides deeper insights into your organisation’s model landscape, fully customised to meet your needs.
Shared success
Through close partnership, we can navigate complex regulatory landscapes together. As a result, you can expect your MRM processes to benefit from:
- Enhanced compliance
- Improved efficiency
- Reduced complexity
The solution suite
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Overview of your model landscape
The main overview page allows you to effortlessly gauge where the models in your inventory are across the lifecycle.
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Single source of truth
Access all the information for each model in the model passport page, including quality ratings, documents, lifecycle phase and responsibilities, any open actions and history of changes.
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Powerful insights
Dynamically create reports with an easy-to-use drag-and-drop pivot builder or share any of the insights you created with your team through a simple link to your report.
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Full audit trail
The inbuilt checks, reviews and signoffs throughout the model lifecycle, as well as automatic history keeping and access to all model related documents ensures you and your team are always audit-ready.
Platform modules
Model Management
Control the complete lifecycle of your models, from initiation to decommissioning, while meeting regulatory requirements.
Quantitative Analysis
Enable the automation of tests for model (re)development, validation, and monitoring, including the generation of reports.
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Key benefits
Regulatory Compliance
Automate policy controls and maintain audit-ready evidence to meet evolving regulations (e.g. PRA SS1/23) confidently.
Single Source of Truth
Centralise all model information, validation statuses, and performance metrics for a fully transparent 360° consolidated view.
Workflow Automation
Streamline approvals, change controls, and validation processes to reduce manual errors and accelerate delivery timelines.
Real-time Visibility
Access dynamic, user-friendly dashboards that provide actionable insights for faster, informed decision-making at all levels.
Scalable Platform
Easily adapt and scale your model risk management framework to keep pace with growing inventories and changing regulations.
Knowledge Centralisation
Reduce key-person dependence by consolidating model documentation and fostering seamless collaboration across teams.
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Success story
Streamlining MRM for compliance
We aided a UK bank in achieving SS1/23 compliance by integrating their MRM into FS Model Platform, using an agile approach to enhance governance, reporting efficiency, and decision-making.
In today’s complex regulatory environment, navigating MRM can quickly become overwhelming and maintaining an overview consumes time and resources. For our clients, we turn MRM from a burden into a strategic advantage, bringing not only information but also model lifecycle actions all onto one platform.
Ian Wilson - Deloitte UK Partner in Strategy, Risk & Transactions Advisory
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