India's largest platform for AI & Analytics leaders, professionals & aspirants

Sign in

India's largest platform for AI & Analytics leaders, professionals & aspirants

3AI Digital Library

Enterprise-wide Model Inventory Management & Performance Monitoring Tool

April 16, 2021

Share on twitter
Share on facebook
Share on linkedin
Share on whatsapp
Share on email

One-Stop-Shop for a bank’s model governance needs

Solution Overview

Model Eye is the imminent answer to bank’s need for achieving superior model governance compliance, driving efficiency in the model governance process, and helping banks face supervisors with confidence..!

Business Use Cases

  • Manual Process of Monitoring Model performance that leaves many models without periodic review and validation.
  • Models lacking detailed Documentation which has become a major point of concern during regulatory reviews.
  • Models are in a “Diffused State” -Every BU / LOB develop their own models and are managing it themselves. There is No Single Inventory / Risk Tier-ing of Models. Also, there is No Single View of Models or Model Interdependencies and hence aggregated Model Risk remains unknown.

Key Differentiators

  • Platform Agnostic., ME can sit over any existing platform with minimal hardware and software investments (ME will be built in phases moving from SAS, SPSS, R to other Platforms as SAS is widely used). Can be implemented On-Premise/ or offered as SAAS
  • Built-in Large & Rich Library of Statistical Tests & Metrics for monitoring for faster implementation
  • High Configurability / customizability to suit the bank’s policies and processes enabling easier adoption within the bank
  • Automation of a fairly large number of monitoring processes that will save the bank’s spend on monitoring and free up resources (internal and vendor) to focus on model development

Key Features

Centralized Model Inventory

Ability to maintain centralized Model Repository and Model related information through the entire model life cycle, across multiple regions and business lines

Model Documentation Management

Audit Trail and Version control enabled Model Documentation Management for business use, internal audits and supervisory reviews

Automated Model Monitoring

Pre-Built Rich Library of Statistical Tests / Performance Monitoring metrics for handling multiple Class of Models that connect to the
bank’s native analytical model development platforms for automated monitoring and reporting

Policy Implementation Workflow

Model Eye can help banks put in place a seamless workflow management system for implementing Model Governance policies

Reporting & Dashboarding

Enables the central reporting of health of all models & operational metrics for model governance processes across the bank


Model Eye comes in with enormous collaboration features to ensure a harmonious working between various process stakeholders

Key Benefits

  • Ensure adherence towards Model Governance Policies & Procedures across the entire Model Life Cycle and the entire organization
  • Makes regulatory and supervisory reviews on Model Risk Management smoother : all models, their performance monitoring results and accompanying documentation through the Model Life Cycle in a one-stop shop
  • Better business agility: CXO can ensure all models in use are relevant and healthy and helps senior management showcase “Effective Challenge” at every stage
  • Automated periodic model monitoring and reporting activities ensure more than just “Annual Touch” and save valuable resource time
  • Codify knowledge: Models no longer individual-dependent. Institutional record helps with business continuity
  • Task / Issues completely managed in a central place with Alerts/ Reminders on deadlines
  • Can be deployed “On-Premise” or offered as “Software as a Service” and connects seamlessly to your existing analytics platforms/ production systems

    3AI Trending Articles

  • Google investigates ethical AI team member over sensitive data handling

    Google’s diversity efforts have been questioned by employees and adds to years of angst, including several resignations and firings in the AI department. Alphabet Inc’s Google is investigating a member of its ethical AI team and has locked the corporate account linked to that person after finding that thousands of files were retrieved from its […]

  • AI will drive next wave of Digital Transformation: A perspective

    In the past months, most of you may have run into a situation where you open the GPS app on your smartphone and it ‘knows’ where you would like to go because it fits a certain repetitive pattern of behaviour or the photo app organizing your pictures based on who are the most important people […]

  • RBI provides new set of guidelines for the Digital Banking and Payments ecosystem

    The master direction on digital payment security controls, released last week, casts a wide net. The skyrocketing of online transactions in the country—Covid-19 has provided no small impetus, with the amount transacted via UPI doubling in January 2021, at Rs 4.3 lakh crore, from lasts year’s Rs 2.1 lakh crore—calls for fortifying cybersecurity in the […]

  • Cloud Infrastructure market: Amazon, Microsoft, and Google continue to thrive

    Even in the middle of a pandemic, companies including Amazon, Microsoft, and Google continue to thrive thanks to their control over the cloud infrastructure market. When we talk about regulating big tech, the discussion usually centers on online privacy and location tracking, but we never seem to discuss the control these companies have over a vast […]