Case Study: Novobanco achieves centralized model risk management with Yields.io

Novobanco streamlines model risk oversight across 290 branches with Yields.io

Novobanco, a leading financial institution in Portugal, faced the challenge of centralizing the documentation and management of its statistical and AI models to improve risk oversight and prepare for new regulations like the EU AI Act. To solve this, the bank partnered with Yields.io and implemented its Model Risk Management platform to gain a unified view and control over the entire model lifecycle.

By implementing Yields.io's flexible platform, Novobanco streamlined its workflows, granting model owners greater autonomy and saving significant time for its risk team. The solution provided a global view of model quality and continuous risk analysis, leading to faster collaboration, increased operational efficiency, and a fundamental cultural shift in how the organization manages model risk. Yields.io was instrumental in achieving these measurable results.

Novobanco