Independent Verification and Validation: the Definition, the Origin and Why You Should be Doing One

Introduction Independent verification and validation, IVV, model validation, validation or; as Shakespeare might say, a validation by any other name is still a validation. Regardless of the name it has evolved and been redefined over time.  This article will cover the origin, OCC guidance, regulatory pressure, IVV methodology, reporting, independence, and vendor due diligence in […]

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About Frank Masi, Ph.D.

Frank Masi, Ph.D. has over 25 years of business and technical experience and holds a doctorate in business and organizational management from Capella University. Over the last 10 plus years, Dr. Masi has worked in the BSA, AML, and OFAC regulatory environment and has consulted in the in the financial industry providing institutions with enterprise level regulatory software solutions and consulting services in BSA, AML, KYC, P.A.T.R.I.O.T. Act, and OFAC.Follow Frank on LinkedIn: