My organization is buying an exciting vendor tool that will help predict customer behavior
and update ad offerings as customers interact with the Capital One website Which of the
following statements are true?(Select all that apply.)
I do not need to register this as a model because it is a third party model and
receives governance under Third Party Risk Management
Vendor models are subject to the same governance requirements as
internally developed models
This may be a model, and I should consult with the Model Risk Office to
ensure it is registered and appropriately governed
My division can purchase whatever it wants to conduct its business and it
only needs governance if there are issues