Problem: The Vendor has a platform which automates Know Your Business (KYB) and Know Your Customer (KYC) review processes for fintech companies and banks. The vendor needed to provide an independent validation of its LLM-based risk assessment solution to respond to an RFP from a large fintech, in accordance with OCC 2011-12 Sound Practices for Model Risk Management.
Armilla AI’s Solution:
Outcome: Armilla’s assessment enabled the vendor to meet the RFP requirements within a tight timeline. The added warranty on system KPIs provided an extra layer of assurance, distinguishing the vendor’s proposal from others and enhancing their credibility.
"We needed to include an independent audit of our LLM-based risk assessment as part of a response to an RFP from a large fintech. Armilla AI conducted a comprehensive and efficient assessment, helping us meet this requirement within a tight timeline, and, unlike other third-party auditors, were able to offer a warranty guaranteeing our system KPIs. We’d highly recommend working with them."
