Case Study: Accelerating AI Governance for a Fortune 500 Bank

The Challenge: Operationalizing AI Governance

A Fortune 500 Bank faced the pressing need to modernize its Model Risk Management (MRM) practices. As AI adoption accelerated across the enterprise, the bank’s manual, spreadsheet-based governance systems could no longer keep pace with regulatory demands and internal oversight requirements

The organization required a scalable, enterprise-grade MRM platform capable of managing complex model inventories, ensuring traceability across the model lifecycle, and guaranteeing compliance with evolving regulatory frameworks.

To ensure that any new solution could meet the rigor of enterprise standards, the bank initiated an extensive Proof of Value (PoV) process, an in-depth validation involving 50+ participants across 3 Lines of Defense.

Solution: ValidMind’s AI Governance Platform

Following a competitive review, the Fortune 500 Bank selected ValidMind to modernize its AI governance operations.

During the PoV, more than 60 testers evaluated 38 unique, multi-step scenarios covering 10 core MRM
workflows. This rigorous process, comprising 318 individual tests, validated the ValidMind platform’s ability to handle complex approval workflows, model classifications, and risk tiering processes with full stability and transparency.

After the successful evaluation, ValidMind led a rapid, enterprise-scale implementation, deploying the solution in a Virtual Private Environment and rolling it out to production users in just 12 weeks. The deployment included:

• 200+ custom attributes configured to align with the bank’s internal workflows
• 13 complex workflows supporting 17 distinct stakeholder roles
• A comprehensive training program featuring 14 dedicated modules and weekly office hours to onboard users across development, validation, and administration functions

Results: Accelerated Compliance and Enterprise-Scale Adoption

Within five months, the Fortune 500 Bank had fully transitioned from fragmented manual processes to a fully automated, auditable AI governance platform.

Key outcomes included:

• Rapid Time-to-Value: Achieved complete MRM automation in 12 weeks (≈84 days)
• Enterprise Adoption: 545 active users across all three Lines of Defense now manage models through ValidMind’s secure platform
• Operational Efficiency: Significant reduction in model review times and workflow clutter
• Regulatory Confidence: Established end-to-end model tracking, enabling seamless audits and documentation for compliance purposes

ValidMind’s implementation not only enhanced transparency and accountability but also accelerated model lifecycle management, empowering the bank’s Model Governance Office to maintain compliance and scalability in an increasingly AI-driven enterprise environment.

About ValidMind

ValidMind is the AI Governance Platform purpose-built for financial institutions. We help banks govern, validate, and monitor AI, GenAI, and traditional models at scale. By automating testing, documentation, and compliance workflows, ValidMind enables faster model deployment, audit ready oversight, and leaner model governance. Unlike fragmented toolsets or manual validation processes, ValidMind provides a centralized system of record, which empowers institutions to move fast, manage risk, and stay ahead of evolving regulation.