Model Risk Management & Governance for Financial Institutions: Q&A with BRIDGEi2i COO Ashish Sharma

Great customer experience can come from anywhere. A barber shop would seem an unlikely place to collect business wisdom yet how is it that most of the times a barber shop in the same exact location and circumstances, offering the same commodity service with the same quality but with pricing so different from the local competition does better business than the others. What makes that barber UNIQUE is his ability to identify, predict and personalize. You might think cutting hair is a low-involvement affair but the fact is that your barber builds a relationship and personalizes the experience. Therefore barbers can teach businesses a thing or two about improving their customer experience.

What do Snowden, Nandan Nilekani and Mark Zuckerberg have in common? Well, they are all related in one way or…

I am among the millions of worker bees that have made their homes in gargantuan hive like structures stylishly called “gated communities”. Through these arrangements, we hope to keep the big bad world at bay and the hope is that within the four walls will emerge an idyll that will rival the Promised Land. Safety and Security is paramount in the minds of the gated community denizens and therefore a massive investment has gone into the security infrastructure. On a day that my city observed a Bharat Bandh, there were actually barricades, sand bags and flag marches by our private army of security contractors!

Supply Chain & Logistics, Optimization and Analytics have been birds of the same feather flocking together since the beginning of time. However, while data had been generated at every link of the Supply Chain for decades, it is only…

It’s been an extremely interesting experience trying to do whatever it takes to stimulate the adoption of analytics by enterprises. Typically, service providers dangle the carrot of a POC or a “proof of concept”.

The moment I reached out for my smartphone was a game-changing moment, as marketing pundits would say. It is this moment that makes consumers (a major chunk being women) smart, confident and satisfied shoppers (Like me!).

Generating content at work is the name of the game for many of us in marketing and this game is only getting bigger progressively. Be it PowerPoint presentations, pdfs, blogs, landing pages, brochures, infographics etc.; so what makes your content stand out from the rest of the crowd? With the advent of social media and metrics analysis, it has become a trend to track your followers, views and visits. So how do you capture your target audience, keep them engaged and generate those big numbers?

Want to roll a dice? I’m sure you would love to roll. Let’s accept it, we all have been enticed…

There are times when even after searching hours on Google, you cannot find the dataset matching what your heart desires and wish to create a custom dataset to experiment with.

This webcast is a recording of the recently conducted BRIDGEi2i Webinar – The Evolution from Model Validation to Model Governance for Banks

BRIDGEi2i Industry Experts, Anand Melige and Ashish Sharma discussed the growing importance of model risk management and the needs and challenges of decision makers in financial institutions in the present scenario.

A Global Intelligence Alliance survey of market intelligence professionals spread across 880 companies revealed that MI teams have seen budget cuts equivalent to 1 resource almost every year since 2011.

This absurdity has to end. Way too much money is being spent on stuff that is really subjecting people to torture. The plummeting cost of communication technology is playing into the hands of these demon marketers who carpet bomb us at will. The other contributing factor is the fact that direct marketing activities are outsourced to sweatshops that employ desperate, but completely unsuitable people to execute. Lost among all this is the fact that these tactics will put off a large number of people and increase irritation and disengagement among both customers and target prospects- two very important constituencies.

Predictive Models are the lifeline of Financial Services organization. On the business side, the ability to accurately predict default is…

Every Friday, as a big budget Bollywood film with its fair share of masala, thumkas, oomphs and dhishums releases, behind the curtains producers can be seen biting their nails for the movies fate. Will this movie set the cash registers ringing or turn out to be a forgettable dud?

Can’t we pull out our crystal balls, rub that magic lamp and read the tarot cards out of this? Is there a way to save our producers from these weekly heart attacks?

BRIDGEi2i Co-Founder and Director, Pritam Kanti Paul was recently invited by Indian Institute of Foreign Trade as part of their National IT Conclave, Kolkata.