BCT Digital Recognized as a Category Leader in Model Risk Management Solutions

In recognition of its comprehensive governance, model coverage and risk analytics capabilities, BCT Digital's rt360 Model Risk Management solution has emerged as a leader.

A name synonymous with risk technology and compliance products globally, BCT Digital is in the chart-leading category of the Chartis Research 2024 Model Governance Solutions Quadrant. The rt360 Model Risk Management (MRM) solution of BCT Digital was cited for its highly-effective model risk analytics, governing model framework, maintaining model inventory managements, and extensive model coverage.

BCT Digital was judged on how their rt360 MRM model governed the entire lifecycle of financial models, mitigated model risk, and adhered to laws. Such capabilities mentioned were actually advanced, leading to more efficient compliance through much faster process modeling-perhaps both model validation and ongoing monitoring and risk assessment.

Commented by Jaya Vaidhyanathan, CEO of BCT Digital, "This recognition reflects the strength of our model risk management approach. Our solutions simplify complex governance challenges, enabling financial institutions to maintain strong model control in a dynamic regulatory landscape."

The rt360 MRM brings advanced governance into its process thus increasing transparency of collaboration between departments. Such solutions like Model Register, Centralized, and Workflow Engine eliminate tasks currently driving some departments, including decentralized validation services and operations scaling. This paradigm shift to automation is now experiencing momentum as banks and financial services roll-out MRM solutions to comply with evolving regulatory requirements, such as those of the Central of Bank in UAE.

Financial institutions are more on the run to develop complex programs for monitoring their models, as it brings better risk analytics as well as simple compliance.