Five AI Solutions Every Chief Risk Officer Needs

Managing risk within a bank is a massive undertaking.  To stay relevant, today’s Chief Risk Officer must embrace artificial intelligence (AI) and machine learning . Unfortunately, many banks are struggling to understand what machine learning is, let alone how it can improve their risk management practices.


The good news is that technological advances in machine learning are bringing AI solutions into reach for everyone at a much lower cost and a much higher ROI. The bad news is that your competitors are racing to modernize their risk teams as well.

This report describes five key AI use cases that every Chief Risk Officer needs to address:

  • Anti-Money Laundering and Know Your Customer
  • Fraud Detection/Prevention
  • Streamlining Model Risk Management
  • Credit Risk & Loss Forecasting
  • Targeted Risk Review
  • DataRobot's platform makes my work exciting, my job fun, and the results more accurate and timely – it's almost like magic!
    Omair Tariq
    Omair Tariq

    Data Analyst, Symphony Post Acute Network

  • I think we need to take it upon ourselves in the industry to build the predictive models that understand what the needs and wants of our customers are, and go through the whole curation process, become their concierge.
    Oliver Rees
    Oliver Rees

    General Manager – Torque Data at Virgin Australia

  • At LendingTree, we recognize that data is at the core of our business strategy to deliver an exceptional, personalized customer experience. DataRobot transforms the economics of extracting value from this resource.
    Akshay Tandon
    Akshay Tandon

    VP of Strategy Analytics, LendingTree

  • We know part of the science and the heavy lifting are intrinsic to the DataRobot technology. Prior to working with DataRobot, the modeling process was more hands-on. Now, the platform has optimized and automated many of the steps, while still leaving us in full control. Without DataRobot, we would need to add two full-time staffers to replace what DataRobot delivers.