PwC and Model Edge recognized by Risk.net for Risk Technology and Consulting Leadership

PwC has been honored with the prestigious title of "Governance, Risk, and Compliance Product of the Year" with Model Edge, and the “Consultancy of the year, Regulatory & Compliance.” With more than 140 submissions across categories, awards were judged by a panel of 9 judges that included clients and analysts at Chartis Research. Risk.net is a leading publication in its field, covering risk management, derivatives, and regulation for a global audience of financial services firms. The Risk Technology Awards are one of the longest-running and prestigious awards recognizing the contribution made by technology vendors to the risk management industry.

Model Edge, is a cloud-based solution on the Google Cloud Platform developed by PwC US, that enables the complete end-to-end management, monitoring, testing and governance of an organization’s entire portfolio of models. It operationalizes Responsible AI principles for Machine learning and Large Language Models (LLM) while also providing compliance to regulatory requirements and driving efficiency in the model lifecycle.

According to Sam Samaratunga, UK and Global Head of Risk Services, PwC UK, “This recognition is testament of our continued commitment to innovation and digitisation of risk and compliance organisations across industries. Harnessing the power of technology together with our market leading human insights to transform risk and compliance functions, thereby driving growth of the clients’ business, is a cornerstone of our strategy.”

According to Vikas Agarwal, Financial Services Risk & Regulatory Leader, PwC US, "Changing the way clients look at risks, through both a value creation and mitigation lens requires a command of data and emerging artificial intelligence techniques with a clear business strategy and agile execution. We are honored to accept the product of the year and consultancy of the year awards from Risk.net for the data and analytics model management technologies and risk consulting capabilities at PwC that we feel will provide a sustainable foundation for business risk taking for years to come."