Company Filing History:
Years Active: 2021-2023
Title: Tapan Shah: Innovator in Model Management Systems
Introduction
Tapan Shah is a notable inventor based in Charlotte, NC, who has made significant contributions to the field of model management systems. With a total of 2 patents to his name, Tapan has developed innovative solutions that enhance the efficiency and effectiveness of model risk assessment.
Latest Patents
Tapan's latest patents focus on a model management system that receives data for an inventory of models, including information regarding issues for each model. This system determines a model risk score based on the identified issues. As issues are opened and closed, the system updates the model risk score in real-time. The risk score is calculated using the severity assigned to each issue and the number of issues at each severity level. This innovative approach allows for risk scores to be calculated across a line of business and an entire enterprise. The model management system also encompasses various functionalities, including model development, validation, integration, use, maintenance, and retirement.
Career Highlights
Tapan Shah is currently employed at Wells Fargo Bank, N.A., where he applies his expertise in model management systems. His work contributes to the bank's ability to manage and assess model risks effectively.
Collaborations
Tapan collaborates with talented professionals such as Steve Cardinale and Casey A Bennett, enhancing the innovative environment at Wells Fargo Bank.
Conclusion
Tapan Shah's contributions to model management systems demonstrate his commitment to innovation and excellence in the field. His patents reflect a deep understanding of risk assessment and management, making him a valuable asset in the financial industry.