The Solution in Principle
The solution to the problem of production inefficiencies is a platform built around fundamental principles
Formalisation
The standardisation of all modelling processes and artefacts and much, much more.
Abstraction
Abstracting away all the low-level details from model production. Reducing and redistributing complexity.
Interaction
Interfaces with maximum unstability, highest efficiency and lowest cognitive load.
The Solution in Practice
We are building a SaaS-based, No Code, modelling workflow environment that supports all stakeholders to a modelling project, for every aspect of the model life-cycle
Our primary focus is accelerated model production inside a large, well-defined space of process patterns, mathematical methodologies and computational resources.
The goal is to radically reduce cycle times by treating modelling as a manufacturing problem.
This unique perspective allows for both risk reduction and acceleration, at the same time.
The platform is multi-modal, supporting a wide range of roles and ‘views’ to the modelling process from the theoretical to the micro-operational.
Our No Code design is visual and symbolic throughout its entire structure.
The underlying architecture is designed to support many types of control from human user to agent, and dynamic fusions of the two.
Deep Functionality for Model Production
- Extremely broad range of pre-defined modelling patterns and methodologies for advanced parameter estimation
- Modelling artefacts stored in transparent, ‘direct access’ structures
- Full modelling history preserved indefinitely, in a visual format, that enables full reproducibility by anyone, regardless of skill level
- Extremely high transparency of modelling actions and project progress
- Multi-stage modelling workflow supported across multiple stakeholders
- Deployment of models, post development, with real-time monitoring and diagnostics
- Approval structures embedded inside workflows
- The core architecture is built around (archetypal) modelling patterns
- Autonomous computing / intelligent automation
- Full MRM awareness and support for all facets of the modelling process
Platform Scope
Our primary focus is Risk within financial services
The platform we are building will support every aspect of a risk model’s life cycle within a bank, from core development processes to auxiliary analyses, validation processes, governance actions, deployment, monitoring, and beyond.
Initial functionality will support the development, validation and calibration of Basel models (with an initial focus on PD models). Over time, we will be adding capabilities for a range of automated governance processes and model reproduction.
Our long-term development plans includes advanced modelling functionality and workflow utilities for additional categories:
- Stress Testing (multi-region)
- Impairment (IFRS9 / CECL)
- Climate-related financial risk
- Financial crime risk (AML, Fraud)
- General credit risk management
- Portfolio credit risk (and related actuarial modelling)
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High Performance Modelling Operations
Our goal is to crush cycle times with fundamental changes to modelling operations.
The platform’s unique structure will reduce both mean cycle times and overall process variability.
Progressive, sustainable shifts in the performance of modelling operations will arise in line with a series of platform extensions.
We will be accelerating workflow at multiple scales, starting with modeller micro-behaviours and extending to inter-stakeholder communications.
In addition, the platform will significantly reduce the level of skill required to build models and to re-use modelling assets at a later date.