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Crisil Integral IQ Recognized in Chartis RiskTech 2024 Report

Crisil Integral IQ, a leading provider of advanced analytics and model risk management solutions, has achieved significant recognition in the Chartis RiskTech Model Risk Management 2024 Quadrants report. This prestigious report evaluates model risk management vendors and highlights key players based on their strengths in various categories. Crisil Integral IQ has proudly secured the Category Leader title in three quadrants, reinforcing its status as a trusted leader in the field.

The company clinched the top spot in two key quadrants, showcasing its commitment to delivering innovative and best-in-class solutions in model risk management. Michael Winn, the Global Head of Quantitative Risk Solutions at Crisil Integral IQ, expressed his delight at the recognition, stating, "We are honoured to be recognized as the Chartis Quadrant Leader for Model Validation Solutions and Services in both credit and derivatives, and for Excellence in Model Governance Solutions. This accolade is a testament to the expertise and dedication of our teams, who strive to provide clients with high-quality, bespoke model risk management services."

As outlined in the Chartis report, the model risk management landscape has evolved significantly, emphasizing the convergence of model validation and governance solutions globally. The report not only ranks the top players but also underscores the importance of model governance and the necessity for specialized tools and expertise in this domain. Crisil Integral IQ's extensive experience across the complete model risk lifecycle, including model development, validation, governance, and inventory management, positions it as an industry leader.

The company offers comprehensive services in model risk management, including:

• - Model Development and Documentation Services: This area covers the design, development, integration, and implementation of models in accordance with established policies and standards.
• - Model Validation Services: These consist of full-scope validation, partial validation, model change reviews, and annual review processes.
• - Model Governance and Inventory Management Services: This includes model risk tiering, ongoing performance monitoring, inventory management, and the development of policies and frameworks to govern model risk effectively.

Crisil Integral IQ's expertise spans across various model classes such as derivatives pricing, market risk, credit risk, and even more innovative areas like artificial intelligence and machine learning. Nageswara Sastry Ganduri, the Global Head of Quantitative Services, further elaborated, "This accolade underscores the trust and confidence our clients, partners, and stakeholders place in our ability to manage evolving model risk management challenges with precision. Together with our clients and teams, we celebrate this success and remain focused on raising the bar in model risk management."

The services offered by Crisil Integral IQ not only expedite regulatory compliance but also enhance informed decision-making and drive cost efficiencies for financial institutions. Notable solutions include:

1. Model Infinity: This cloud-ready platform enhances model inventory, workflow, and governance. It leverages advanced analytics to cater to unique inventory and risk management needs.
2. Scenario Expansion Manager: This versatile tool aids financial institutions in defining, designing, and analyzing both regulatory and internal stress-testing scenarios with utmost accuracy and flexibility.

Earlier this year, Crisil Integral IQ also garnered recognition in three categories within the STORM50 report, as well as being named a Category Leader in Model Validation for the third consecutive year in the RiskTech100 report. These accolades collectively highlight Crisil Integral IQ's exceptional capabilities in risk management and regulatory compliance.

The Chartis Research team, which operates under Infopro Digital, conducted an extensive analysis of the model risk management landscape. Their collective reach includes over 400,000 risk and compliance professionals, making the RiskTech100 report the most comprehensive study of its kind.

Crisil Integral IQ, formerly known as Global Research and Risk Solutions, is dedicated to providing solutions and actionable insights to significant financial institutions. They focus on driving strategic transformation, optimizing risk, and promoting operational excellence. The firm's expertise, innovative offerings, and advanced technologies position clients to navigate complex markets, mitigate risks, and capitalize on new opportunities. Crisil Integral IQ operates globally, with a diverse workforce across the Americas, Europe, Asia-Pacific, Australia, and the Middle East.

As Crisil continues to evolve since its foundation in 1987 as India’s first credit rating agency, it remains a key player in providing insights and analytics to help businesses turn risks into opportunities and gain competitive advantage. For more information about Crisil Integral IQ, visit their website at IntegralIQ.Crisil.com.