This report outlines Chartis’ view of the vendor landscape for model risk management (MRM) solutions, and updates our previous research in this area. Our accompanying Market Update analyzes the latest trends and developments in the MRM market, and how financial institutions are seeking out solutions to suit their specific requirements.
Our quadrant analysis in this iteration of our MRM research highlights increased complexity in the space. As the lines between products, services, governance and validation have become less distinct, vendors have expanded across these areas, reaching out and maturing in different quadrants.