---
title: Modern Risk Management for AI Models
description: "Whitepaper: Re-imagining the Model Risk Management function for Artificial Intelligence / Machine Learning models"
image: https://hub.kpmg.de/hubfs/220628-Modern-Risk-Management-SocialMedia-1200x627.jpg
---

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# Modern Risk Management for AI Models

# Whitepaper: Re-imagining the Model Risk Management function for Artificial Intelligence / Machine Learning models

![220628-Modern-Risk-Management-Hubspot-Cover-450x660](https://hub.kpmg.de/hubfs/220628-Modern-Risk-Management-Hubspot-Cover-450x660.jpg "220628-Modern-Risk-Management-Hubspot-Cover-450x660")

Artificial Intelligence (AI) and Machine Learning (ML) entail risks that banks do not yet sufficiently consider in the existing Model Risk Management approaches. Because of future new AI/ML applications and their growing importance, but also due to increasing regulatory requirements, banks are forced to adapt and expand their existing MRM approaches in specific areas. In the whitepaper "Modern Risk Management for AI Models", seven key pillars for the updating the MRM framework are derived.

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