EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
One workspace - from partial automation to full efficiency
The EY Model Validation Workspace is an overarching digital solution built on BPM platform for banks and financial institutions. It covers the entire model validation lifecycle — from testing and results assessment to documentation and audit readiness. It replaces manual, fragmented processes with a centralized and transparent workflow.
Book a demo
Whatever your process, our platform can manage it
One platform to automate, track and elevate your validation process
Developed by EY specialists with extensive experience supporting major banks, the Model Validation Workspace reflects a deep understanding of regulatory requirements and validation practices.
It enables institutions to automate their processes without the need to build or maintain their own solution.
What value does it bring to you?
Key capabilities include:
- Flexible workflows – configure validation steps to match your internal processes.
- Validation scripts execution – run and manage validation tests directly within the platform.
- Test parameter configuration – define and adjust parameters for consistent, comparable testing.
- Year-on-year comparison – track model performance across validation cycles.
- Findings management – centralize findings and follow up on remediation actions.
- Adjustable templates – standardize reporting and documentation formats.
- Automated documentation – generate complete validation reports in minutes.
- ECB reporting – prepare supervisory submissions efficiently and consistently.
And many more.
Platform built to manage the full lifecycle of Model validation
Maximize consistency, traceability and control across validation process.
- Governace
- Excecution
- Assessment
- Reporting
Strong model governance requires consistent, methodology‑driven validation processes aligned with internal standards and regulatory expectations. Our validation application supports a structured end‑to‑end validation workflow and provides intuitive dashboards for validators and management, ensuring transparency over models, validation status, timelines, and findings at all times.
The execution phase enables hands‑on validation within a single, integrated environment. Validators can configure tests, define parameters, and execute code using the embedded Python validation toolbox, or import outputs from existing Python, SAS, or R frameworks. The flexible workflow supports integration with existing inventories and repositories, providing a consistent view of quantitative and qualitative validation results.
The assessment phase ensures consistent, transparent evaluation of validation results. Assessments are performed directly in the platform, reducing manual intervention in later reporting stages. Users retain full control over report inclusion, supported by AI‑generated comments, all in alignment with the bank’s internal methodology. Historical comparability of results and integrated management of findings further strengthen governance and audit readiness.
Reporting is fully automated and audit‑ready by design, eliminating manual entry of validation assessments, test results, or document formatting. Every action and decision is recorded in a complete audit trail, ensuring traceability and policy compliance. Configurable documentation templates standardize reporting formats, while automated report generation delivers validation documentation within minutes. Built‑in support for ECB reporting enables efficient and consistent supervisory submissions.
