KDOA provides end‑to‑end model risk management software called Model IQ, enabling quantitative teams to register, validate, and govern models throughout their lifecycle. The platform automates risk tiering, issue tracking, and board‑level reporting while maintaining audit trails and compliance with regulations such as Fed and EBA standards. Built on a secure cloud infrastructure, Model IQ supports institutions of any size with tiered technical support and regular compliance audits.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face complex regulatory requirements for model risk management, requiring extensive documentation, validation scheduling, and audit-ready reporting across numerous models. Manual processes are time‑consuming, error‑prone, and often lack a unified view of model inventory, risk tiers, and compliance status.
Solution
KDOA offers Model IQ, a cloud‑based platform that automates the end‑to‑end model risk management workflow for quantitative teams. The system handles model registration with automatic risk tiering, schedules validations, tracks issues, and maintains a searchable document repository. Built by experienced model risk managers, the platform generates board‑level risk reports and audit trails with a single click, ensuring compliance with standards such as the OCC Handbook, SR 11‑7, and global regulations. Secure, SOC 2 Type II‑certified infrastructure and tiered technical support provide reliable, compliant delivery for institutions of any size.
Target Audience
Primary customers are quantitative analysts, model risk managers, and compliance officers at banks, credit unions, and fintech firms that need to govern large model portfolios and meet regulatory audit requirements.
Features
- Automated model registration and risk tiering based on regulatory criteria
- Centralized model inventory with searchable document repository and model snapshots
- Validation scheduling with automated reminders, escalation workflows, and issue tracking
- One‑click aggregate risk reporting and customizable templates for board and committee presentations
- Know Your Program (KYP) self‑assessment tool to evaluate MRM program maturity against industry standards
- Secure cloud hosting with encrypted data at rest/in transit and continuous SOC 2 Type II compliance
- Integrated stakeholder communication log providing full audit trails of all model‑related correspondence