Role of Tech Providers in Financial Crime Model Validation
November 6 @ 1:00 pm – 2:00 pm EST
Event details
Financial services organizations have distinct relationships with financial crime technology providers in the context of independent model validations. Knowing the expectations for each side is critical for maintaining compliance.
In this webinar, we will describe the various independent testing responsibilities of technology vendors and financial services organizations. We will also discuss how to identify and define responsibilities in model management and validation activities and break down responsibilities and expectations for fintechs and their partner banks regarding financial crime model validation.
You should leave this session with the ability to:
Review regulatory expectations and industry best practices for financial crime model validation
Assess the responsibilities of financial services organizations and technology vendors in financial crime model management and model validation
List the data and documents financial services organizations must prepare for an independent model validation and where and how to gather that information
