Case Study: a leading international bank achieves faster, lower-cost AI governance with Calvin Risk

AI Audits and Risk Assessments in Banking

A leading international bank in Switzerland faced the challenge of navigating the complexities of AI validation and audits to meet new regulations like the EU AI Act. The bank partnered with Calvin Risk to transform its ethical AI governance approach and manage the risks of its AI algorithms.

Calvin Risk implemented its AI risk management solution, which provided a methodological approach to AI audits and risk assessments. The vendor's solution helped the bank achieve a greater than 62% reduction in total time resources for AI governance and over 63% in cost savings compared to existing solutions. Furthermore, Calvin Risk enabled the bank to implement compliance measures more than eight times faster.