Company named to the prestigious list for the first time.
Evalueserve, a leading global analytics partner serving more than 30% of the Fortune 1000, announced that it won the “Model validation – Supporting tools” category in the 2023 Chartis RiskTech100®. Chartis Research, the leading research provider on the risk tech market, also named Evalueserve to the RiskTech100® for the first time.
The Chartis RiskTech100® is widely accepted as the most comprehensive independent study of the world’s major players in risk and compliance technology. The annual list identifies and ranks top companies in risk and compliance categories using a robust methodology.
For over 20 years, Evalueserve has supported global banks through a combination of human expertise and domain-specific technology. Evalueserve focused its risk technology offerings on the best opportunities for solving key pain points with high-RoI automation and AI-powered tools. Because several clients were facing challenges caused by increasing demand and tightening regulations, Evalueserve created its MRM automation technology toolkit. The MRM toolkit helps teams increase their capacity, improve governance, and ensure model quality.
The category award for “Model validation – Supporting tools” recognizes Evalueserve’s model risk management automation technology, including:
- Test Interpreter, which offers a low-touch approach to faster model test interpretation and documentation.
- Model Governance, which provides smart workflows and executive oversight into model inventory and key MRM processes.
- A portfolio of accelerators that spans the MRM lifecycle, including model libraries, tools for benchmarking AI model results, and model explainability dashboards.
“Evalueserve is a new entrant to the rankings this year, based on a strong toolkit and a focused model validation approach,” said Sid Dash, Research Director at Chartis. “Its strength in domain-specific AI, alongside some key partnerships, has set it up for further growth in this space.”
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“We are honored Chartis recognized our best-in-class risk technology,” said Anna Slodka-Turner, Evalueserve’s Global Head of Risk and Compliance. “What differentiates us from other tech vendors is that our solutions are developed by practitioners for practitioners. We perform the model development, review, and validation work that we’re building solutions for, so our experts know exactly where automation can help the most.”