Experian has launched the Experian Assistant for Model Risk Management, a pioneering AI-powered solution designed to streamline governance processes for financial institutions. Integrated into the Experian Ascend Platform and powered by ValidMind technology, this tool accelerates model validation, enhances transparency, and supports compliance with global regulatory standards, reducing risks and improving efficiency.
The Experian Assistant for Model Risk Management, launched on July 31, 2025, addresses the inefficiencies of manual documentation and siloed validations in financial institutions. By leveraging AI and ValidMind’s automation capabilities, it simplifies the creation, maintenance, and validation of complex model documents. The solution reduces internal approval times by up to 70%, enabling faster deployment of models while ensuring compliance with global standards like SR 11-7 (US) and SS1/23 (UK).
“Manual documentation, siloed validations and limited performance model monitoring can increase risk and slow down model deployment,” said Vijay Mehta, EVP, Global Solutions and Analytics, Experian Software Solutions. “Adhering to model-risk-management guidelines can be a tremendous strategic advantage for financial institutions when they can create, review and validate documentation quickly and at scale, and this new solution offers these capabilities.”
The platform offers customizable templates, centralized governance repositories, and transparent workflow approvals, ensuring financial institutions meet stringent regulatory requirements. This reduces the risk of compliance failures and fines while enhancing auditability. The integration with Ascend Ops provides access to Experian’s analytics experts for model registration, deployment, monitoring, and scenario planning, ensuring robust oversight.
“Our partnership with Experian represents a major step forward in operationalizing AI for governance and model risk management,” said ValidMind CEO Jonas Jacobi. “By embedding ValidMind’s automation and governance capabilities into the Experian Assistant for Model Risk Management, we’re helping financial institutions move faster and satisfy regulator expectations.”
The solution builds on the success of the Experian Assistant, which won the 2025 FinTech Breakthrough Award for Analytics Innovation. It addresses the industry’s need for scalable, explainable AI in credit and risk management. “The combination of Experian’s commercial expertise and presence with ValidMind’s technology provides the foundation for scalable and explainable AI across the credit and risk lifecycle,” said Sid Dash, Chief Researcher at Chartis. “This partnership addresses a growing industry imperative – the need to establish proper AI governance that aligns with an evolving technology and regulatory environment and provides a framework for institutions to modernize their model risk practices.”
This launch strengthens Experian’s leadership in AI-driven financial solutions. By automating governance processes and ensuring regulatory compliance, the Experian Assistant for Model Risk Management empowers financial institutions to innovate confidently, reduce operational risks, and accelerate time-to-market for their models.
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
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