Evalueserve Wins Category Award for Model Validation Tools and Accelerators in the 2023 QuantTech50

Evalueserve, a global pioneer in Risk Analytics and Model Risk Management Solutions, has been awarded the Category Award for Model Validation Tools and Accelerators in the prestigious 2023 QuantTech50 rankings by Chartis Research.

The QuantTech50, formerly known as the Storm50, annually recognizes the top 50 vendors in the financial services industry that have shown exceptional innovation in their services and application of cutting-edge quantitative technologies. Assessment criteria encompass a broad spectrum of attributes, including the breadth and coverage of analytics, industry impact, computational infrastructure, strategy, and overall innovation.

Evalueserve’s award-winning toolkit includes an AI/ML challenger model development tool, pricing libraries automation, an automated test interpretation and documentation platform, and custom development capabilities. These tools have demonstrated excellent performance and robustness in model validation and risk management, which are critical in today’s evolving financial environment. These tools have helped financial institutions in addressing changing regulations across jurisdictions. The company’s offerings align with the future of QuantTech, a landscape that is becoming increasingly influenced by advanced technologies like AI and ML.

Evalueserve’s model validation tools and accelerators are part of Evalueserve’s broader model risk management capabilities. Through their managed services model, Evalueserve combines domain expertise with AI and automation to provide a robust risk management offering for their clients.

“Evalueserve is honored to be recognized in the prestigious QuantTech50 list,” said Amit Inamdar, Head of AI ML Innovations Labs in Evalueserve’s Risk and Quant Practice. “This recognition underlines our commitment to delivering innovative solutions that address the complex challenges faced by today’s financial services industry. It also validates the strength of our broader Model Risk Management capabilities, a crucial aspect of our AI-driven solutions that empower our clients to make data-driven decisions.”

Evalueserve is a global AI-enabled solutions provider that enhances and accelerates decision-making throughout enterprises. More than 30% of the Fortune 1000, including over 25,000 platform users, rely on Evalueserve’s unique product-led solutions powered by domain-specific AI and subject matter experts. These solutions have been recognized by analysts such as Forrester and Chartis. Evalueserve is headquartered in Zug, Switzerland. Learn more at evalueserve.com.