OMB Individually Reported
Bank Exam Quality Control – Model 1
Low riskExact public inventory row
Description
Enhance quality control by incorporating external news data into performance assessment models
Detailed example
Model outcomes are used as a component of quality control
AI / analytics pattern
Natural Language Processing: AI that processes, interprets, and shares information in human language.
Automation level / stage
a) Pre-deployment – The use case is in a development or acquisition status.
Expected benefit
A traditional machine learning NLP model of bank performance that utilizes information in news articles among various inputs
Controls / human review
ATO: Not reported; PIA: Not published