PwC Model Edge

Streamline your model lifecycle with confidence, and automate real-time model validation and monitoring through our AI-driven model risk management technology- the Chiron MRM Platform. Model validation can be a lengthy and costly process. With our enterprise risk management technology, our Clients are able to reduce the cost of model validation by a factor of 10. Chiron’s monitoring functionality allows for the early detection of model failure, leading to better models and lower capital requirements. To trust models as drivers of decisions, you need to have a transparent and auditable view of the models used within your organization. Chiron Enterprise offers a customizable model inventory to keep track of all models throughout their lifecycle and a configurable workflow engine to streamline processes. Scale your model risk activities while enforcing structured and consistent workflows within your teams.

With ClusterSeven Shadow IT Manager, gain control over the hidden spreadsheets and other data assets that put your enterprise at risk. Discover and manage the hidden, sensitive spreadsheets, applications, and data assets that lie outside of IT’s control – and create risk. Now you can easily and efficiently capture and maintain an inventory of the files your organization relies upon and monitor who’s making changes, helping you meet audit and compliance requirements and prevent problems before they impact your enterprise. Classify the risks associated with your newly discovered EUC files and organize them in a centralized database. Once you’ve established the spreadsheets your organization is using, you can carry out a deeper risk analysis on critical files using rules that matter to your business, such as the complexity of a formula or macro, use of sensitive terms in the file like “confidential,” inclusion of unprotected client or personal data, or the presence of hidden worksheets.