Experian Launches Cutting-Edge AI Tool to Streamline Credit Risk Management
Experian is pushing the boundaries of artificial intelligence once again, unveiling a powerful new tool that could redefine how banks and lenders manage credit and risk models.
Dubbed the Experian Assistant for Model Risk Management, this AI-driven solution is specifically designed to ease the burden financial institutions face in complying with strict regulatory frameworks in both the UK and the US.
The tool is now live and forms part of the firm’s growing suite of innovations within its flagship Ascend platform.
This is a UK-based update with wide-reaching implications for financial firms operating under the U.K. Prudential Regulation Authority’s SS1/23 guidelines or the U.S. Federal Reserve’s SR 11-7 framework.
According to Experian’s announcement released Thursday, 31 July, the new assistant is capable of speeding up the review process, automatically generating documentation, checking for errors, and actively monitoring model performance. It’s been built to reduce internal approval times by up to 70%.
“It’s about transparency, speed, and staying compliant,” insiders say.
The tool provides banks and financial institutions with centralised model repositories and pre-built templates to maintain consistency and clarity. Documentation that once took weeks, if not months, can now be processed in a matter of days. In some cases, even hours.
“Manual documentation, siloed validations, and limited performance model monitoring can increase risk and slow down model deployment,” Vijay Mehta, executive vice president of global solutions and analytics at Experian, said in the release.
With this new tool, companies can “create, review, and validate documentation quickly and at scale,” giving them a strategic advantage.
The timing isn’t accidental. As banks and lenders adopt AI and machine learning technologies at speed, the scrutiny from regulators is rising just as fast. Authorities want clarity and accountability in every decision made by automated models.
This isn’t Experian’s first AI rodeo either. Back in October, the credit reporting giant launched an AI assistant to enhance analysis of credit and fraud data. That assistant aimed to compress months of model development into days.
The company has also been beefing up its defences against cybercrime. Just last month, it integrated Mastercard’s fraud and identity verification tech into the Ascend platform. That move brought stronger verification tools to more than 1,800 clients already using Ascend globally.
With this latest launch, Experian is not just keeping pace, it’s setting it.
While the fintech world often chases flashy tools, this one lands on the practical side: compliance, risk, and speed. A mix that regulators, financial analysts, and risk managers are bound to take seriously.
And as financial systems become more complex and intertwined with AI, it seems Experian’s AI assistant is arriving just in time.
