Yields.io, a model validation service provider, announced a €1.25 million seed funding round led by Volta Ventures. Yields.io offers automated model monitoring and validation services to the financial sector, identifying issues in algorithms and turning them into actionable business insights.
The solution provides C-level executives with a real-time comprehensive overview of all model risk across the enterprise, bringing transparency to the highly specialized field of mathematical modelling. Simultaneously it empowers the quantitative teams with a solution to shorten the development cycle and address new business opportunities more quickly. In order to comply with increasingly strict ECB requirements related to the use of mathematical models, several Tier 1 investment banks are already piloting Yields.io’s platform.