Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The global market for AI model risk management is witnessing rapid expansion, with projections indicating a year-on-year growth of $1.16 billion in 2026. The surge reflects increasing adoption of artificial intelligence across industries and the growing need to manage associated Read More …
The increasing adoption of artificial intelligence (AI) models in compliance, transaction monitoring, and Know Your Customer (KYC) processes is presenting complex risk-management challenges. According to Corporate Compliance Insights, integrating AI within existing Model Risk Management (MRM) frameworks is essential for Read More …
The global market for AI model risk management is projected to grow substantially, rising from an estimated USD 6.41 billion in 2025 to approximately USD 14.55 billion by 2032, according to a recent market-analysis report. This growth reflects the escalating Read More …
As artificial intelligence (AI) and machine learning (ML) become integral to compliance and regulatory functions, many organisations now recognise the need to apply model risk management (MRM) frameworks retroactively. According to Kevin Lee of Cygnus Compliance Consulting, the “risk footprint Read More …