Snippets from Global AI Regulations
SR 11 07 | USA
“Documentation of model development and validation should be sufficiently detailed so that parties unfamiliar with a model can understand how the model operates, its limitations, and its key assumptions”
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USA
USA
Snippets from Global AI Regulations
SR 11 07 | USA
“Documentation of model development and validation should be sufficiently detailed so that parties unfamiliar with a model can understand how the model operates, its limitations, and its key assumptions”
Request Demo
How QuickDoK Works
Generate exhaustive AIML documentation with minimal inputs and reap the benefits of being AI-compliant
step 1
Enter project name
step 2
Select model and framework
step 3
Upload data and model files
step 4
Validate the variables
step 5
Document is generated
Example use-case: SR1107 and QuickDoK
This brief use-case extracts snippets from the SR 1107 regulation and performs a comparative analysis of how QuickDoK can meet the regulation's requirements
SR 1107: “Strong governance also includes documentation of model development and validation that is sufficiently detailed to allow parties unfamiliar with a model to understand how the model operates, as well as its limitations and key assumptions.”
It is consistent with QuickDoK's value proposition of AIML knowledge documentation that is understandable by all stakeholders
- QuickDoK includes an online document editor for adding any additional customized text
SR 1107: “Model risk governance is provided at the highest level by the board of directors and senior management when they establish an organization-wide approach to model risk management.”
QuickDoK provides the boards of directors and senior management with a one-stop solution for all their AIML knowledge, including organization-wide model risk governance
SR 1107: “A sound development process includes: a clear statement of purpose to ensure that the model is developed in line with its intended use; sound design, theory, and logic underlying the model; robust model methodologies and processing components; rigorous assessment of data quality and relevance; and appropriate documentation.”
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The AIML document generated provides extensive coverage of the data, models, and model output explanation
- QuickDoK can maintain a complete history of model development journey
SR 1107: “Organizations should maintain an inventory of models implemented for use, under development for implementation, or recently retired.”
It aligns with QuickDoK’s value proposition of maintaining an inventory of all the AIML projects at the organizational level
SR 1107: “A banking organization’s internal audit function should assess the overall effectiveness of the model risk management framework, including the framework’s ability to address both types of model risk for individual models and in the aggregate. ”
- Auditors can comprehend AIML documents generated by QuickDoK
- Using QuickDoK's collaboration tool, auditors can provide feedback or conduct any communication with any stakeholders
Safely practice AI with QuickDoK
QuickDoK provides the ability to adhere to and practice AI in accordance with global regulations and compliance. Thus, making a safe ecosystem for organizations to apply AI
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Zenon LLC
31 HUDSON YARDS, F 11,
NEW YORK, NEW YORK 10001
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NEW YORK, NEW YORK 10001
Zenon Analytics Private Limited
Fifth Floor, UNIT A, Sovereign Capital Gate,
FC-12, Sector 16A, Film City, Noida, Gautambuddha Nagar, Uttar Pradesh – 201301, India
Fifth Floor, UNIT A, Sovereign Capital Gate,
FC-12, Sector 16A, Film City, Noida, Gautambuddha Nagar, Uttar Pradesh – 201301, India
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