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What is Modelscape?

The Modelscape solution simplifies the entire lifecycle management of financial models for financial institutions, improving documentation, transparency, and adherence to compliance standards. By implementing this solution throughout the model lifecycle, users benefit from consistent workflows, automated documentation generation, and efficient artifact linking. This methodology not only allows for the scaling of algorithms, models, and applications in both horizontal and vertical dimensions but also accommodates a wide range of enterprise infrastructures and programming languages such as Python, R, SAS, and MATLAB. The solution ensures comprehensive tracking of issues during the model lifecycle through complete model lineage and extensive reporting on both issues and usage. An executive dashboard presents valuable insights into model data, supports the execution of custom algorithms, and provides automated workflows, all while offering web-based access to a detailed and auditable inventory of models and their interconnected dependencies. Users are empowered to create, back-test, and effectively document their models and methodologies, enhancing their operational processes. This solution not only boosts the transparency, reproducibility, and reusability of financial models but also automatically produces essential documentation and reports that assist in ongoing compliance efforts. Consequently, it enables financial institutions to uphold exceptional standards in model governance and achieve greater operational efficiency, ultimately leading to better decision-making and risk management across the organization.

What is Fairly?

Effective risk management and oversight are essential for both AI and non-AI models to achieve optimal performance. Fairly provides a comprehensive continuous monitoring system that is tailored for strong model governance and oversight. This platform enhances collaboration among risk and compliance teams, as well as data science and cybersecurity experts, thereby ensuring that models uphold reliability and security standards. By offering a user-friendly approach, Fairly helps organizations stay updated with policies and regulations surrounding the procurement, validation, and auditing of non-AI, predictive AI, and generative AI models. The process of model validation and auditing is made more efficient through Fairly, which offers direct access to verified data in a controlled setting for both in-house and external models, alleviating extra pressures on development and IT teams. This capability ensures that Fairly's platform not only emphasizes compliance but also encourages secure and ethical modeling practices. Additionally, Fairly equips teams to proficiently identify, evaluate, and track risks, while also addressing and mitigating compliance, operational, and model-related risks in accordance with internal guidelines and external standards. Incorporating these functionalities, Fairly solidifies its dedication to upholding high levels of model integrity and accountability, ultimately contributing to a more reliable and responsible modeling landscape. Thus, organizations can trust that their models will not only meet regulatory requirements but also operate with ethical precision.

Media

Media

Integrations Supported

MATLAB
Python
R
SAS Analytics Pro

Integrations Supported

Microsoft Azure

API Availability

API Availability

Pricing Information

Pricing not provided
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

Windows
Mac
Linux

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

MathWorks

Company Location

United States

Company Website

www.mathworks.com/solutions/finance-and-risk-management/modelscape.html

Company Facts

Organization Name

Fairly

Company Location

Canada

Company Website

www.fairly.ai/

Categories and Features

Financial Modeling

Not specified

Model Risk Management

Not specified

Categories and Features

AI Governance

Not specified

Model Risk Management

Not specified

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