As the AI-enabled speed of data analytics and model development continues to accelerate across financial services, financial institutions face a growing challenge: keeping regulatory documentation aligned with rapid model innovation. Experian Assistant for Model Risk Management was built to address this challenge, and we’re proud it has been named a 2026 BIG Innovation Award winner in the Innovative Products category. The BIG Innovation Awards recognize organizations that deliver exceptional innovation and measurable value to customers and stakeholders. This recognition underscores the impact our AI-powered solution is having in helping financial institutions modernize model risk management in today’s AI-driven environment.
Accelerating model validation and reducing regulatory risk
Fully integrated into the Experian Ascend Platform™ and powered by ValidMind technology, Experian Assistant for Model Risk Management helps accelerate model validation, improve auditability and reduce regulatory risk. By offering standardized templates, centralized documentation and streamlined workflow approvals, the solution supports regulatory alignment while enabling faster, more consistent model development.
As AI-driven models evolve at unprecedented speed, regulatory expectations continue to require thorough, explainable and auditable documentation. Experian Assistant for Model Risk Management addresses this labor- and resource-intensive requirement through end-to-end model documentation automation, helping institutions maintain accountability without slowing innovation.
Addressing a growing industry challenge
According to a 2025 Experian study of more than 500 global financial institutions, 67% struggle to meet regulatory requirements, 79% report more frequent supervisory communications, and 60% still rely entirely on manual compliance processes. More than 70% of larger institutions say model documentation compliance involves over 50 people.
Experian Assistant for Model Risk Management helps solve this challenge by modernizing model documentation and governance practices across the credit and risk lifecycle. The 2026 BIG Innovation Award reinforces Experian’s role as a trusted partner, helping financial institutions confidently adopt AI while improving transparency, auditability and regulatory alignment.
Learn more about Experian Assistant for Model Risk Management here.
