Boosting regulatory assessment with GenAI: Prometeia’s use case for credit risk models

Generative artificial intelligence (GenAI) is transforming the financial sector by automating labour-intensive tasks and enhancing regulatory compliance processes. 
Prometeia has developed an advanced tool that leverages GenAI technologies to automate the validation of credit risk models, providing financial institutions with a scalable and efficient solution to meet growing regulatory demands.

The solution is designed to adapt to international and national regulations, offering a robust compliance framework that not only standardises processes but also minimises manual effort.

Prometeia’s GenAI tool represents a significant advancement in model risk management, providing institutions with the technology needed to remain competitive and compliant in an increasingly complex regulatory environment. By automating the model validation process, Prometeia enables banks to focus on high-value tasks, supporting long-term success in the financial sector.