ValidMind recognized as a three-time category leader in Chartis Research Model Risk & Validation 2024 Report
Leading model risk management platform’s recognitions demonstrate its growing profile as a significant player in the fintech and AI landscape
PALO ALTO, Calif. – Dec. 6, 2024 – ValidMind, the leading next-generation AI and model risk management platform for financial services, today announced it was recognized in the Chartis Research Model Risk & Validation 2024 Report as a category leader in three quadrants. The ValidMind platform proved to have high market potential and strong completeness of offering in the RiskTech Quadrant for Model Validation Solutions & Services for Credit and Derivatives categories. It was also recognized as a category leader for Model Governance Solutions.
“ValidMind’s leading-edge model governance and validation tools and platform bring together concepts and ideas from two distinct streams: the model validation of statistical and AI models (including LLMs and GenAI tools) and traditional quantitative frameworks (such as derivatives, market risk and credit risk),” said Sid Dash, chief researcher at Chartis Research. “This unique crossover earned ValidMind a category leader placing in all three of our quadrants.”
The Chartis Research Model Risk & Validation 2024 Report analyzes the model risk management vendor landscape, using quadrants that cover both validation and governance solutions, to reflect the different types of vendor functionality in the market. Taking independence and integrity very seriously, Chartis Research specifically assesses model risk management and AI governance solutions like ValidMind with non-biased, unendorsed evaluations.
Ready for a demo of our category-leading platform?
“This recognition by Chartis Research solidifies ValidMind’s position as a pioneer and enterprise leader in AI and model risk management,” said Jonas Jacobi, co-founder and CEO of ValidMind. “Being named a category leader across multiple quadrants highlights our platform’s unmatched innovation and transformative capabilities in tackling the financial industry’s most pressing AI and GenAI challenges. This acknowledgment from an unbiased and rigorous evaluation affirms our value to our clients. We are inspired to continue redefining excellence in model validation and governance, setting new benchmarks for the entire industry.”
The recognition represents a major recognition for the ValidMind platform, which continues to evolve to meet clients’ needs in an ever-shifting regulatory enviornment.
“This recognition highlights the unparalleled value our platform brings to model developers, model validators, and auditors in managing model risk for AI and statistical models,” Mehdi Esmail, ValidMind co-founder and chief product officer, said. “ValidMind is empowering financial institutions to innovate without compromising on compliance or security. This achievement is a testament to our commitment to delivering solutions that address the specific governance and validation challenges of our financial services clients.”
ValidMind co-founder and chief technology officer Andres Rodriguez echoed the emphasis on product excellence, adding, “At ValidMind, we focus on building technology that not only meets but anticipates the needs of an evolving financial ecosystem. These accolades from Chartis Research affirm that our platform stands at the cutting edge of model validation and governance and inspires us to continue to make our platform better every day.”
ValidMind’s Chartis Research recognitions follow a banner year for the AI and model risk management platform. Chartis Research honored ValidMind earlier this year with the QuantTech50 Rising Star award. Additionally, it was named the “Model Validation Service of the Year” by Risk.net; “Category Award Winner – Model Validation Tools for AI” by Chartis RiskTech AI 50 2024; and “Category Award Winner – Model Validation: Supporting Tools” by RiskTech 100 2025. ValidMind also earned a spot on FinTech Global’s AIFinTech 100 list.
To read the Chartis Research Model Risk & Validation 2024 Report, please visit the Chartis Research site.
About ValidMind
ValidMind empowers businesses to unlock AI innovation faster and more confidently with full compliance. The ValidMind platform is a centralized, purpose-built AI risk management solution that empowers model developers, validators, and auditors to deploy traditional AI, generative AI, and statistical models with speed and confidence.
Media Contact
Grace Gervais
