Yields.io

The Yields.io Model Risk Management (MRM) Platform is a solution designed to assist financial institutions in managing their model lifecycle, with a particular emphasis on model development and validation. According to the vendor, this platform is suitable for financial institutions of all sizes, including top-tier financial institutions and regional banks. It caters to various professionals and industries, including risk managers, model developers, model validators, compliance officers, and financial institutions.

Key Features

Automate Model Validation: According to the vendor, the Yields.io MRM Platform allows financial institutions to automate model validation by executing standardized reusable routines at scale. This automation is said to enable more frequent and comprehensive tests, improving efficiency and reliability while ensuring reproducibility of test results.

Enhance Collaboration: The platform is designed to facilitate real-time collaboration between model developers and validators. According to the vendor, it provides a central platform for MRM activities, allowing for the sharing of tests, best practices, and developed tools and libraries. The vendor claims that formal approval steps are embedded to enhance communication and alignment.

Automate Model Documentation: The platform offers automation of model documentation through pre-defined text blocks. According to the vendor, this feature standardizes the structure and eases maintenance, ensuring compliance with established regulatory frameworks. The vendor states that accurate and comprehensive documentation is provided to support rigorous validation efforts.

Manage end-to-end Processes: Financial institutions can scale their Model Risk Management processes and configure workflows using the platform. According to the vendor, this allows for the enforcement of compliance with internal model risk policies and regulatory requirements. The platform is said to produce real-time reports for informed decision-making and provide full auditability of events over the model lifecycle.

Build better models, save costs: The Yields.io MRM Platform monitors model quality to enable early detection of model failures. According to the vendor, this helps improve models, reducing capital requirements and decreasing the cost of model validation by a factor of 10. Additionally, the vendor claims that it enhances the efficiency and capability of the validation department.