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Model Risk Management



  • A major Digital Transformation leap, utilising ELEMENT’s revolutionary schemaless Knowledge Graph technology to richly capture model attributes, scenarios and testing activities, plus seamless data source connectivity
  • Unparalleled implementation speed, taking only 10 weeks to pilot and several more weeks for each iterative step, due to ELEMENT’s whitebox transparency and effortless connectivity to data sources
  • Enhanced flexibility to adapt to changing regulatory requirements, catering for any risk model using any process and data flow
  • Lower Total Cost of Ownership, accomplished by shifting to OpEx via a low code cloud platform and decreasing labor-intensive tasks by embedding Composite AI technologies

Modernising risk modelling infrastructure and lifecycle management at a world-leading bank – demonstrating advanced AI modelling, IP asset cataloging and workflow, and enterprise-wide data integration and cross-functional use



Global bank faced multiple issues with its Model Risk Management (MRM) processes, resulting in poor data quality, inefficiency and limited reliability

Largely manual processes to audit and investigate model accuracy 

Models and related data spread across multiple, segregated systems 

Sub-optimal IP controls, which created operational risk 

Jeopardised ability to comply with risk-related regulations


  • Revamp the entire MRM lifecycle for risk planning, model development, monitoring and evaluation, improving model value and adaptability
  • Achieve greater control and utilisation of diverse data sources for greater functional effectiveness and regulatory compliance
  • Markedly reduce infrastructure and labour costs resulting from fragmented systems and processes


  • Support for scenario planning and risk model development, applying multiple AI-based modelling methods
  • Comprehensive MRM lifecycle support includes full auditability, model playback, and adaptability to regulatory changes, plus collaborative cross-functional involvement
  • A global model inventory across all business lines, captured using ELEMENT’s revolutionary knowledge graph
  • Continuous monitoring of model use and efficiency with automated detection of threats to model integrity (changes to data and sources), using “SecureSwan” technology with custom integrated alerts

Other Use Cases

Improving the quality of Anti-Money Laundering processes while reducing the associated costs through process automation[...]

Supply chain optimization platform with AI-driven analysis, making automated recommendations more precise and timely and staff insights more strategic – increasing profitability and enabling Digital Transformation[...]

Optimisation of on-air promotion for a large international TV network, utilising AI to automatically micro-segment customers and programming for advertising targeting [...]

Modernisation of a world-leading managed service provider offering third party risk management solutions, by automating workflows and increasing integration to reduce administrative burden [...]

About BlackSwan Technologies

BlackSwan Technologies is reinventing enterprise software through Agile Intelligence for the Enterprise – a fusion of data, artificial intelligence, and cloud technologies that provides unparalleled business value. Our multi-tiered enterprise offerings include the award-winning platform-as-a-service, ELEMENT™, which enables organizations to build enterprise AI applications at scale for any domain quickly and at a fraction of the cost of alternatives. BlackSwan and its global partners also provide industry-proven applications that are ready-made and fully customisable for rapid ROI. These offerings are generating billions of dollars in economic value through digital transformation at renowned global brands. The private company maintains gravity centers in the UK, Europe, Israel, the US, and Sri Lanka.