Press Release
Published
Share

Delta Capita and Yields.io announce alliance

Delta Capita, the financial services arm of Prytek, and Yields.io, a Belgium-based fast-growing technology company, are pleased to announce an alliance to bring Yields.io’s award-winning Model Risk Management technology to Delta Capita’s clients. Through the new collaboration, Delta Capita teams will guide and support clients to establish and enhance their model risk management processes and framework.

The advent of Model Risk Management (MRM) in financial services firms has given rise to several challenges such as ever-growing model inventories, heightened regulatory scrutiny, increasing complexity, and lack of talent. Model risk, like any other type of risk, must be managed under an Enterprise Risk Management Framework, which is a comprehensive approach to identifying, capturing, and assessing model risk, subject to an overall risk appetite set at board level. Embedding this approach has put a strain on the relatively newly formed MRM departments, while external factors and demands are changing rapidly.

With this alliance, Delta Capita’s clients will benefit from the technology advantage that Yields.io brings as they will be able to manage model risk and streamline model development and validation in one platform. The alliance will solve MRM challenges holistically and reduce resource demand while extracting business value from a resource-hungry MRM department.

Yields.io’s platform, Chiron, was developed by practitioners in the field with intricate knowledge of the problems faced by MRM departments. The technology not only allows for enterprise management of model risk but also standardises the model lifecycle by allowing collaboration across model developers and model validators. Chiron is able to link up with analytics libraries and data sources, manage a model inventory, and produce and store regulatory-compliant documentation, thus offering an end-to-end solution for the management of model risk.

____

Find out more here.

Share this Article
Related Insights
Featured
DUTCH FINTECH MAP 2022
Since 2014, Holland FinTech has been mapping the fintech landscape, in the Netherlands and abroad.
Landing in the Netherlands
New to the Netherlands? Want to know who is who and where to meet them? Read all about the Dutch market, and find your path to successful market access!
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 12-15 September! Be a sponsor, co-organizer, or just participate at the summit or one of the countless side events.

How likely are you to recommend Holland FinTech?