Paragon Business Solutions

Are you facing challenges in managing #modelrisk effectively? ?? Too much to do, not enough people? ?? Inconsistent processes across siloed teams? ?? A lack of positive MRM culture and awareness? ?? Difficulties reporting to senior management? ?? Struggling to quantify model risk? ?? Keeping track of actions becoming overwhelming? #ModelRiskManagement (#MRM) is becoming increasingly complex - growing model inventories, evolving regulatory expectations, and heightened scrutiny mean that spreadsheets and ad-hoc processes just don’t cut it anymore. Are you using the best tools for the job? Paragon Business Solutions’s #Focus solution is designed to help banks and financial institutions streamline MRM, enhance governance, and improve efficiency. Whether it’s automating workflows, ensuring consistency, or providing real-time insights, Focus empowers teams to take control of model risk. Learn more about how Focus can help you address these challenges: ?? https://lnkd.in/euF9nAzm ?? #RiskGovernance #RegulatoryCompliance #FinancialServices #ss123

Are you facing challenges in managing #modelrisk effectively? ?? Too much to do, not enough people? ?? Inconsistent processes across siloed teams? ?? A lack of positive MRM culture and awareness? ?? Difficulties reporting to senior management? ?? Struggling to quantify model risk? ?? Keeping track of actions becoming overwhelming? #ModelRiskManagement (#MRM) is becoming increasingly complex - growing model inventories, evolving regulatory expectations, and heightened scrutiny mean that spreadsheets and ad-hoc processes just don’t cut it anymore. Are you using the best tools for the job? Paragon Business Solutions’s #Focus solution is designed to help banks and financial institutions streamline MRM, enhance governance, and improve efficiency. Whether it’s automating workflows, ensuring consistency, or providing real-time insights, Focus empowers teams to take control of model risk. Learn more about how Focus can help you address these challenges: ?? https://lnkd.in/euF9nAzm ?? #RiskGovernance #RegulatoryCompliance #FinancialServices #ss123

In our latest article, we explore why Human-in-the-Loop (HITL) automation is essential for balancing AI's power with human judgment. HITL ensures fairness, transparency, and compliance - things machines alone can't fully achieve. Discover how this approach shapes better credit risk models. #CreditRisk #AI #HumanInTheLoop #RiskManagement #ModelRisk

In our latest article, we explore why Human-in-the-Loop (HITL) automation is essential for balancing AI's power with human judgment. HITL ensures fairness, transparency, and compliance - things machines alone can't fully achieve. Discover how this approach shapes better credit risk models. #CreditRisk #AI #HumanInTheLoop #RiskManagement #ModelRisk

?? Our Top 5 Most Read Articles of 2024! As we start another exciting year at Paragon Business Solutions, we're thrilled to share the most popular reads from our 2024 blog. Here's what caught your attention last year: 1?? Paragon's Modeller: Three Decades of Excellence in Credit Scoring Models An in-depth look at the evolution of our flagship product, Modeller, and how it has become a cornerstone for robust and scalable credit risk modelling. 2?? The EU AI Act: Implications for Lenders and Credit Risk Models Unpacking the EU AI Act in relation to credit risk modelling. 3?? Building a Robust Model Risk Management Culture Exploring how fostering a strong MRM culture can enhance governance, reduce risks, and drive better decision-making in financial institutions. 4?? How Modeller Empowers In-House Teams to Take Control A spotlight on how Modeller enables organizations to reduce reliance on external vendors and build tailored models with ease and confidence. 5?? Evolving Credit Scoring: Harnessing the Power of Open Banking Data Delving into the transformative potential of open banking data and how it is reshaping credit scoring and decision-making. ? Thank you for engaging with our content and joining us on this journey of innovation and excellence. We look forward to bringing you more insights and breakthroughs in 2025! All articles can be found here ?? https://lnkd.in/eW44ZsWW ?? Which of these articles was your favourite? Or is there a topic you'd love us to cover this year? Share your thoughts in the comments below! ?? #CreditScoring #ModelRiskManagement #OpenBanking #AIRegulations #ParagonBusinessSolutions

?? Our Top 5 Most Read Articles of 2024! As we start another exciting year at Paragon Business Solutions, we're thrilled to share the most popular reads from our 2024 blog. Here's what caught your attention last year: 1?? Paragon's Modeller: Three Decades of Excellence in Credit Scoring Models An in-depth look at the evolution of our flagship product, Modeller, and how it has become a cornerstone for robust and scalable credit risk modelling. 2?? The EU AI Act: Implications for Lenders and Credit Risk Models Unpacking the EU AI Act in relation to credit risk modelling. 3?? Building a Robust Model Risk Management Culture Exploring how fostering a strong MRM culture can enhance governance, reduce risks, and drive better decision-making in financial institutions. 4?? How Modeller Empowers In-House Teams to Take Control A spotlight on how Modeller enables organizations to reduce reliance on external vendors and build tailored models with ease and confidence. 5?? Evolving Credit Scoring: Harnessing the Power of Open Banking Data Delving into the transformative potential of open banking data and how it is reshaping credit scoring and decision-making. ? Thank you for engaging with our content and joining us on this journey of innovation and excellence. We look forward to bringing you more insights and breakthroughs in 2025! All articles can be found here ?? https://lnkd.in/eW44ZsWW ?? Which of these articles was your favourite? Or is there a topic you'd love us to cover this year? Share your thoughts in the comments below! ?? #CreditScoring #ModelRiskManagement #OpenBanking #AIRegulations #ParagonBusinessSolutions

?? Season’s Greetings from Paragon Business Solutions Wishing all our clients, partners, friends and colleagues a joyful festive season and a Happy New Year. Thank you for your continued collaboration and support this year! #SeasonsGreetings #HappyNewYear2025

Season's Greetings to you Matthew Freeman and thank-you for continuing to spread the word about #Modeller, one the industry's best kept secrets!

Enjoyable few days representing Paragon Business Solutions at the Banking Risk Summit in Amsterdam organised by PulseCore Events. Excellent sessions and discussions covering a variety of Credit Risk topics including #BaselIV, #IFRS9, #modelrisk #riskculture #climaterisk #esg

?? This time next week I will be attending and presenting at the Banking Risk Management Summit in Amsterdam from 26-29 November 2024! I’ll be diving into a topic that’s critical for financial institutions today: Model Risk Management (MRM). During my session, I’ll be discussing: - The growing importance of managing model risk in today’s regulatory environment - How adopting best practices and leveraging technology can drive better outcomes for organisations and their customers I’m looking forward to connecting with fellow banking and risk management professionals and exchanging ideas on the future of model risk management. If you’ll be attending the summit, let’s connect! Feel free to drop me a message—I’d love to chat. #BankingRiskManagement #ModelRiskManagement #Finance #Innovation #Regulation #RiskManagement #Banking #MRM #creditrisk #automation #governance #financialrisk #pulsecore