Domino for banking, financial services, and insurance
Model faster, innovate, reduce risk, manage compliance
Prioritize AI value, security, and risk mitigation
Financial services continue to adopt AI to transform office operations, with the aim of optimizing customer experience, enhancing operational efficiency, and accelerating data decision-making leveraging AI analytics. However, security has become top of mind for banks, especially around risk, digital, and data security.
According to 451 Research, part of S&P Global Market Intelligence, AI/ML uses cases survey findings, “It is not surprising, therefore, that respondents’ top-cited use cases for AI/ML in the banking sector today are digital/data security and risk assessment, each cited by 54% of survey respondents.”
“We’ve been able to standardize the data, the know-how, and the ways of collaborating amongst ourselves and with our customers so that they can see the work we’re doing, as we do it. Domino accelerates our speed to delivery, providing a much faster and better return on our modeling investment.”
Jacob Grotta
Managing Director of Risk and Finance Analytics, Moody's
“We’ve implemented a multicloud strategy, along with Domino’s Enterprise MLOps platform, to increase our model velocity so we can address customer needs in a quarter of the time it used to take us.”
Antoine Ly
Head, Data Science
Mitigate risks, innovate, and improve productivity with AI
- Model Risk Management
Monitor and mitigate model risks for compliance and trust
From credit scoring and loss forecasting to regulatory reporting and asset valuation, model risk management (MRM) is essential for compliance, and aligning AI model risks with a financial institution’s risk appetite.
Domino Governance modernizes MRM processes with one system of record that adapts to current and future regulations, guarantees AI reproducibility for audits, and includes model monitoring to ensure model accuracy, reliability, and proper use.
Domino helps you govern the end-to-end AI/ML and data science lifecycle without errors or friction so you can replicate decisions, comply with current and future regulations, ensure data quality and innovate faster with confidence.
Modernize your MRM with Domino Governance to:
- Track model inventory and lifecycle with a centralized repository
- Maintain detailed record-keeping with a system of record
- Automate evidence generation to simplify compliance and auditing
- Use templates and checklists to ensure policy adherence and minimize risk
- Monitor model performance and detect issues early
