Financial services AI
AI and model inventory
A controlled record of models, AI systems, owners, uses and risk status.
Definition
A model inventory captures each system's purpose, components, owner, provider, data, materiality, validation and lifecycle state.
Why it matters
A bank cannot govern, monitor or retire AI systems it cannot identify, including embedded vendor models and shadow AI.
Related concepts
- Shadow AI
AI tools or usage operating outside approved technology and governance processes.
- Model risk management
Governance for risks created by incorrect or misused models.
- System under test
The complete configuration being evaluated—not only the model.