Amid the increasing AI regulatory environment, the innovative model risk management platform’s momentum demonstrates it’s one to watch in the fintech space
ValidMind, the leading next-generation AI and model risk management platform for financial services, today announced it has earned a spot on FinTech Global’s AIFinTech 100 list and been honored with Chartis Research’s QuantTech50 Rising Star award, showcasing its growing profile as a significant player in the fintech landscape amid the increasing AI regulatory environment. In addition to these recognitions, ValidMind has brought aboard top talent from well-known financial institutions, such as JPMorgan Chase and smartTrade Technologies, to accelerate its go-to-market (GTM) strategy.
ValidMind’s recognition is timely, coinciding with the final approval and rollout of the EU AI Act in Europe while the U.S. continues to deliberate on extending AI regulations to a broader market. The rapid proliferation of generative AI solutions across various industries underscores the critical need for organizations, particularly those in heavily regulated sectors such as financial services, to ensure strict compliance with evolving regulatory policies.
The AIFinTech 100 spotlights the world’s most innovative AI solution providers for financial services, which every financial institution needs to know about as they consider and develop their digital transformation strategies and new customer propositions. The QuantTech50 Rising Star award recognizes leading providers of quantitative solutions for the financial services industry. These recognitions further solidify ValidMind as a leading AI model risk management solution.
“We’re thrilled to receive these recognitions from FinTech Global and Chartis. It shows that the industry recognizes the need for innovative AI risk management solutions like the one we offer,” said Jonas Jacobi, CEO and co-founder of ValidMind. “Regulated industries are ready to put AI technology into production and want to do so safely. These recognitions show that we are a catalyst, allowing any regulated company the ability to use AI safely and with full confidence that their models are accurately documented and fully validated.”
Keeping with this momentum, ValidMind has also added two strategic hires to its roster:
- Kristof Horompoly, former executive director and head of responsible AI at JPMorgan Chase, joins the team as head of AI risk management. Horompoly will use his expertise spearheading JPMorgan’s GenAI efforts to upscale and enhance ValidMind’s solution, making it the AI governance gold standard for risk management teams.
- Annalisa Sarasini has more than 15 years of experience in fintech and tech, leading and growing the commercial success of companies like 29West and smartTrade Technologies as global head of sales and CRO. As ValidMind’s head of growth strategy, Sarasini will drive sustainable and scalable growth globally by developing effective customer acquisition and retention strategies.
“By bringing on Kristof and Annalisa, ValidMind is positioned well to expand our footprint and serve our customers at a deeper level,” continued Jacobi. “When we set out to build this company, we sought to hire industry experts who understand the difficulty that banks have in adopting emerging AI technologies, and Kristof and Annalisa get it. They have extensive experience working with and inside some of the world’s most successful financial institutions, and our customers are poised to reap the benefits of their collective expertise.”
ValidMind’s achievements and strategic hires come on the heels of its successful seed funding round earlier this year, where it secured $8.1 million in funding. ValidMind was also recently included in the Parker & Lawrence Growth Advisory report. Additionally, OECD.AI, where countries and stakeholder groups join forces to shape trustworthy AI, named ValidMind a trustworthy tool for AI.
To learn more about ValidMind, please visit https://validmind.com/.
About ValidMind
ValidMind ensures the regulatory and reputational integrity of all AI and statistical models for every financial institution. Our AI risk management and governance solution automates the painful parts of model documentation and validation. No more manual anything. Just simplified.
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Contacts
Grace Gervais
PRforValidMind@bospar.com
