BankReady — Compliance-Grade AI Validator for Mid-Market Banks and Credit Unions
A SaaS tool that takes a bank's actual documents (loan files, dispute letters, customer chat logs, sanctions alerts) and tests which frontier model performs best on the bank's specific work activities — KYC, dispute handling, sanctions screening, collections, branch ops — producing an audit-ready model risk management report aligned to BIAN banking domains and SR 11-7 expectations.
chief risk officers, model risk management teams, and compliance leads at community banks, credit unions, and mid-market regional banks piloting or scaling AI deployments
- Domain-specific benchmark library mapping 38 BIAN banking areas to relevant public plus private test sets the bank can extend
- 'Bring your own data' sandbox — upload anonymized customer interactions and get model rankings per work activity
- Auto-generated MRM memo in SR 11-7 format with discrimination, coverage, and recency-weighted evidence
- Quarterly re-evaluation alerts when a major model version changes, with delta reports for the bank's prior audit trail
The arXiv paper shows general LLM leaderboards mislead by 30%+ on banking-specific tasks; banks deploying AI agents face direct model-risk-management exposure but have no domain-specific evaluation product available.
Ethos AI raised $6M specifically for model risk management at financial institutions in Feb 2025; Future AGI, Glacis, ErtaS and others are actively building SR 11-7-aligned LLM tooling, indicating real pull from risk teams.Ethos raises $6M to enhance model risk management for financial institutions ↗SR 11-7 Model Risk Management for AI — GLACIS ↗
Crowded adjacent space: Future AGI ships a full fintech eval platform with SR 11-7 audit trails, plus Ethos AI, Glacis.io, ErtaS, Deepchecks, Patronus; pure mid-market community-bank/credit-union niche with BIAN-specific reports is narrower but not uncontested.Best Fintech AI Evaluation Platforms 2026 - futureagi.com ↗The Top 10 LLM Evaluation Tools - Analytics Insight ↗
Compliance-grade AI tools command enterprise pricing (Future AGI enterprise tier, Ethos backed by $6M raise, Big-4 MRM engagements run into millions); however mid-market community banks and credit unions are notoriously price-sensitive, capping per-seat economics versus bulge brackets.Best Fintech AI Evaluation Platforms 2026 - futureagi.com ↗Ethos raises $6M to enhance model risk management for financial institutions ↗
SR 11-7 has persisted since 2011; RBI issued new MRM draft guidelines Aug 2024, Fed/OCC SR 11-7 FAQs are being tightened for AI, and the EU AI Act adds banking AI pressure — regulatory tailwind is multi-decade.Model Risk Management - KPMG 2024 ↗Model Risk Management in 2024 - PwC ↗
Non-trivial: requires ingesting real, sensitive banking documents under strict data-handling rules, deep BIAN/SR 11-7 domain expertise, integration with every major frontier-model API, and auditor-defensible report generation — well beyond a weekend build.