Auronova Consulting

This Diwali, let’s celebrate the light of new opportunities, growth and resilience. May this festival bring success, happiness and a bright future to all ✨🪔 Best wishes from Team Auronova

Goa Offsite - Just wrapped up our annual offsite in Goa and what an unforgettable experience it was! This year was not just about growth in numbers but also about strengthening our bonds as a team. We brainstormed innovative ideas and celebrated our wins— all while enjoying some well-deserved downtime together. Here’s to growth, innovation and plenty more fun! #riskmanagement #risk #analytics #datascience #bankingindustry #banking

As AI continues to shape the future, the QCB Artificial Intelligence Guideline highlights the need for ethical, transparent, and accountable development. The guidelines focus on fairness, minimizing bias, and protecting data privacy, ensuring trust and integrity in AI applications. By promoting sustainable AI solutions, they also align technological innovation with global sustainability goals. This framework is key to building AI that not only drives progress but does so responsibly and equitably #riskmanagement #risk #analytics #datascience #bankingindustry #banking

We are happy to share a new addition to our Senior Leadership Team. Yogesh Thakker, Certified FRM and SCR Professional

New Office Update - Today, we are thrilled to share a milestone that symbolizes our growth and success: our brand-new, state-of-the-art Office! This new space isn’t just a larger footprint; it stands as a testament to the hard work, resilience, and unwavering trust from our clients and team. Here’s to new beginnings, continued growth, and the many successes yet to come. Thank you to everyone who has been part of our journey. We couldn’t have done it without you! #riskmanagement #risk #analytics #datascience #bankingindustry #banking

May the tri-colour remind us of the patriotic sacrifices and bring peace in our hearts & prosperity in our lives. Happy Independence Day!

The Reserve Bank of India (RBI) has issued a draft circular on Model Risk Management in Credit, emphasizing the need for robust governance, development, and independent validation of credit risk models across financial institutions. With a clear focus on enhancing the accuracy and reliability of credit risk models, this circular is set to significantly strengthen risk management practices in the Indian banking sector. Auronova is committed to helping institutions navigate these new guidelines and ensure full compliance. Here is a quick summary of the circular. #riskmanagement #risk #analytics #datascience #bankingindustry #banking

Almost every financial institution globally relies on Credit Bureau Scores as one of the primary criteria for underwriting and portfolio management. Our latest case study delves into our journey of developing an innovative Bureau Score, showcasing how we harnessed extensive data and advanced analytics to enhance creditworthiness assessments. #riskmanagement #risk #analytics #datascience #bankingindustry #banking

New Batch 2024 - We are thrilled to announce that 17 talented freshers have joined the Auronova Consulting family! As they integrate into our workspace, we eagerly anticipate their unique talents and perspectives enriching our team. At Auronova Consulting, we are passionate about fostering talent and cultivating an environment where everyone can flourish and innovate. This milestone reaffirms our commitment to building a diverse and collaborative community. Here's to the exciting journey ahead as we embrace new challenges, inspire one another, and collectively shape the future of our industry! Preetham Gowda Banti Kumar Raj Malkar Shruti Pathak Shivangi Taneja Aditya Kushwaha Harjap Singh Fakhruddin Hussain Vaishnav Lembhe Anushka gupta Anshika Gupta Ishika Agrawal SHAKTI SHUBHANKAR MAHAL Devang Kumawat Agnibh Pathak Aaryan Trivedi Chanand B #riskmanagement #risk #analytics #datascience #bankingindustry #banking

A robust model risk management framework is critical for banks to ensure accurate risk assessment, regulatory compliance, and informed decision-making. It safeguards against erroneous predictions, enhances transparency, and maintains trust with stakeholders. Effective management mitigates financial losses and preserves the integrity of the institution's operations. The Bank of England's Model Risk Management Guidelines outline best practices for banks to effectively manage the risks associated with their models. They emphasize rigorous validation processes, ongoing monitoring, clear documentation, and governance structures. These guidelines aim to ensure the reliability of models, promote transparency, and enhance overall risk management within financial institutions. #riskmanagement #risk #analytics #bankingindustry #banking #BankofEngland #ECB #PRA