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Chartis names Genpact a leader in model risk management solutions

Chartis names Genpact a leader in its 2024 RiskTech Quadrant® report
Leading research firm Chartis has positioned Genpact as a leader in its 2024 RiskTech quadrant® for model validation solutions and services (credit) assessment.
Chartis evaluated multiple vendors in the RiskTech quadrant®. Vendors positioned on the far right of the quadrant are typically characterized by strong service capabilities, large teams with deep domain expertise in credit, and advanced tools.

Chartis RiskTech Quadrant® for Model Validation Solutions & Services (Credit), 2024

Genpact offers a robust model risk management (MRM) solution supported by model validation capabilities. The solution, developed following collaboration with several banks, includes a streamlined model validation process that integrates the MRM system for end-to-end activity across the entire validation cycle. This provides a single, structured model risk reporting solution with a wide range of custom and customizable reports.
The core components of Genpact's solution include:
- A centralized model inventory
- A fully integrated lifecycle management solution that captures risks and acts as a case management framework
- An extendable and flexible document management system
By combining a range of horizontal capabilities, AI tools, and powerful workflow capacity into its solutions, Genpact enables its clients to build, organize, and structure their own validation capabilities and support them with appropriate MRM and governance infrastructures.