Kevin D. Oden & Associates

What Kevin D. Oden & Associates does

Kevin D. Oden & Associates (KDOA), founded in 2018 by Kevin D. Oden, Ph.D., is a San Francisco-based boutique model risk management firm serving banks, credit unions, government agencies, and regulators. The company provides independent validation and governance of quantitative models across BSA/AML, fraud, credit, market, CECL, stress testing, and AI/ML systems, aligned with SR 11-7, OCC guidance, and the revised SR 26-2 framework. Its fair lending analytics practice uses a peer-reviewed E-value sensitivity methodology applied to 28.8M HMDA loans over seven years, and its AI Governance & Validation line addresses bias testing, explainability, and LLM/generative AI risk for clients in the US, UK, and France.

The firm monetizes through professional services (project-based validation, model development, fair lending analytics, quantitative analytics) and through Model IQ, a cloud-based SaaS platform acquired via the January 2024 Complify deal. Model IQ automates model registration with risk tiering, validation scheduling, issue tracking, aggregate board/committee reporting, document repository management, Know Your Program self-assessments, and audit trails. Distribution is sales-led and content-driven: published research in the RMA Journal, RMA Annual Risk Management Conference presentations, regulatory briefings, and direct enterprise outreach to financial institution leadership. Certifications include SOC 2 Type II and NMSDC Certified MBE, the latter enabling US government contracting eligibility.

KDOA is a founder-led private company with no disclosed institutional investors. The 15+ person quantitative team holds PhDs and advanced degrees from UCLA, Sorbonne, MIT, Wharton, Tulane, and other institutions, and includes former senior MRM practitioners from the Federal Reserve, Wells Fargo, Bank of America, Lloyds Banking Group, Fannie Mae, and Varo Bank. Operations span four continents with over 500 cumulative engagements since founding, supported by a joint-venture partnership with the Risk Management Association on its Model Validation Consortium.

Name

Kevin D. Oden & Associates

Legal name

Kevin D. Oden & Associates

Website

https://kdoden.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Kevin D. Oden & Associates is a San Francisco-based boutique consulting firm providing model validation, model development, fair lending analytics, and AI governance services to banks and regulators across four continents, supported by its Model IQ SaaS platform for model risk management workflows.

Ownership category

akta.pro rank

Product category

Model Risk Management

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), Other Computer Related Services (541519)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Model Risk Management & AI Governance (validation, monitoring, explainability) (FSAGAFAL)

akta.pro secondary industries

Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE), AI/ML Engineering & Model Development Services (BPAEAHAF), Audit, Explainability & Accountability Tooling (traceability, reporting) (HDAAAKAL)

Keywords

• Model risk management
• Model validation services
• Fair lending analytics
• AI governance
• Predictive analytics

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Model Validation & Governance Services: Independent validation services for financial models including BSA/AML, fraud, credit, market, CECL, and compliance models. Revenue generated through project-based consulting engagements aligned with SR 11-7 and OCC guidance.
2. Model Development: Custom model development with implementation support and ongoing monitoring programs. Builds models for credit scoring, PD/LGD/EAD estimation, CECL provisioning, mortgage pricing, BSA/AML, fraud detection, fair lending, and stress testing.
3. Fair Lending Analytics: Peer-reviewed methodology for fair lending analysis using external benchmarking with E-value sensitivity analysis across mortgage, auto, HELOC, and credit card products.
4. AI Governance & Validation: Independent validation of AI/ML models with bias testing, explainability assessment, and governance frameworks for credit decisioning, fraud detection, LLMs, and generative AI.
5. Model IQ Platform Subscription: SaaS platform subscription for model risk management lifecycle management including registration, validation, board reporting, and compliance. Tiered technical support with access to MRM domain experts.
6. Quantitative & Predictive Analytics: Large-scale data analysis for customer demographics, retention strategies, and forecasting using advanced AI/ML algorithms and statistical modeling.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Kevin D. Oden & Associates provides independent model validation, custom model development, fair lending analytics, AI governance, and quantitative/predictive analytics services for financial institutions, regulators, and government agencies. These professional services are delivered alongside Model IQ, a proprietary cloud-based model risk management SaaS platform that automates model registration, risk tiering, validation scheduling, aggregate board reporting, document management, and audit trails aligned with SR 11-7, OCC, and SR 26-2 guidance.

Product overview

Kevin D. Oden & Associates offers a portfolio of model risk management services complemented by a proprietary software platform. The core offering consists of five consulting/advisory service lines — Model Validation & Governance, Model Development, Fair Lending Analytics, AI Governance & Validation, and Quantitative & Predictive Analytics — supported by the Model IQ technology platform, which was expanded through the January 2024 acquisition of Complify. Model IQ serves as the central software product, providing model registration with automated risk tiering, aggregate risk reporting, validation scheduling, issue tracking, document repository, Know Your Program self-assessment, and automated audit trails.

Differentiator

Problem solved

Functional benefit

Brands

• Model IQ: Next-generation model risk management software platform providing model registration with automated risk tiering, aggregate risk reporting, validation scheduling, issue tracking, integrated document repository, Know Your Program self-assessment, and automated audit trails.

Products and services

• Model IQ
• Model Validation & Governance
• Model Development
• Fair Lending Analytics
• AI Governance & Validation
• Quantitative & Predictive Analytics

Quantifiable outcome

• 28.8M loans analyzed across seven years of HMDA data
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

One partnership is on record.

• RMA Model Validation ConsortiumcoreStrategic or Co-development PartnerJoint venture partnership with Risk Management Association (RMA) on model validation consortium. KDOA team members lead validation projects and contribute to consortium offerings. Tom Connor joined KDOA in 2019 with focus on engendering growth of the joint venture with RMA on its model validation consortium.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wolters Kluwer OneSumX for Model Risk: Wolters Kluwer's OneSumX is a dedicated model risk management and validation platform used by large banks, directly overlapping with KDOA's Model IQ product and independent validation services for SR 11-7 compliance.
• SAS Model Risk Management: SAS offers a model risk management software suite (within SAS Risk) with automated validation, documentation, and governance workflows, competing head-on with Model IQ for bank-level MRM platforms.
• FICO Platform for Model Governance: FICO's model governance capabilities (within the FICO Platform) provide automated model documentation, validation, and monitoring for financial institutions, directly comparable to KDOA's Model IQ feature set.

Broad incumbents

• IBM OpenPages with Watson: IBM OpenPages is a broad GRC and model risk management platform used by global banks; it overlaps with KDOA on MRM but sits within a much wider risk and compliance portfolio.
• Moody's Analytics Model Risk: Moody's Analytics sells model risk and validation software (e.g., RiskFrontier, model validation services) to large financial institutions, serving the same SR 11-7 buyer as KDOA but as part of a much wider analytics franchise.
• Oracle Financial Services Analytical Applications: Oracle's OFSAA platform provides model risk management, validation, and governance capabilities for large banks, competing with Model IQ but bundled into Oracle's broader banking and risk suite.
• EY Financial Services Risk Management: EY's Financial Services Risk practice delivers model validation, model risk management, and AI governance consulting to large banks and insurers, directly comparable to KDOA's service lines but at significantly greater scale.
• Deloitte Risk & Financial Advisory: Deloitte provides model risk management, AI risk, and regulatory compliance advisory to financial institutions, overlapping with KDOA's consulting offerings with substantial global delivery capability.
• KPMG Financial Risk Management: KPMG's Financial Risk Management practice covers model risk, regulatory reporting, and AI governance services for banks, directly comparable to KDOA's model validation and AI governance service lines.

Others

• H2O.ai: H2O.ai provides an enterprise AI/ML platform used by banks for credit, fraud, and AML modeling and increasingly for model governance and monitoring. It is adjacent to KDOA's AI Governance & Validation offering and connected through advisory board member Agus Sudjianto (former Wells Fargo EVP now SVP at H2O.ai).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kevin D. Oden & Associates