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cimcon's Updates (4)

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• Automated AI Risk Assessment & Mitigation Discover how CIMCON Software helps financial institutions manage AI model risk. From inventory detection to automated risk assessment, ensure compliance and reduce exposure to business, regulatory, and reputational risks tied to AI and EUC applications. Visit: https://cimcon.com/automated-ai-risk-assessment-mitigation/ [more]

   Business & Finance,  July 15, 2025

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• Shadow AI: What is it and How to Manage the Risk from it? Shadow AI refers to the unsanctioned use of AI tools or models within organizations, often without IT’s knowledge. As AI adoption grows, so do the risks of internal misuse and hidden AI in third-party apps—making oversight critical for businesses. Visit: [more]

   Business & Finance,  July 15, 2025

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• Fraud Detection: AI Risk Management Discover what fraud detection is and why risk mitigation is vital for organizations. Learn how to manage financial threats like identity theft, phishing, and occupational fraud. Explore key strategies to safeguard your business from rising fraud risks and reduce potential revenue loss. Visit: https://cimcon.com/fraud-detection-ai-risk-management/ [more]

   General,  June 25, 2025

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• Understanding SS1/23 Principles for Model Risk Management (MRM) Understand SS1/23, the PRA’s Supervisory Statement on Model Risk Management effective May 17, 2024. It defines model governance, AI oversight, inventory control, and validation to ensure regulatory compliance and safe use of models in UK banks. Visit: [more]

   General,  June 25, 2025

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