RBI Model Risk Management
Bring your model-risk review into one workspace.
RBI Model Risk Management software for NBFCs and lending teams.
Know which models need attention, who owns each gap and what is ready for review. Lokta brings your inventory, validations and approvals together, then drafts the board pack from what your team already maintains.
Built by the team behind Apache Fineract · Append-only evidence ledger · Four-eyes governance · Human-authoritative by design
Get your risk team ready for the next board review
- 01
Inventory every decisioning asset
Models, rules, scorecards, AI use cases, vendor APIs, and co-lending, one catalogue.
- 02
Score your readiness
Against the draft, dimension by dimension, with the gaps ranked.
- 03
Track and close evidence gaps
A live queue of what's missing, who owns it, and what “ready” means.
- 04
Govern the record
Approvals, exceptions, and changes with four-eyes sign-off and an immutable trail.
- 05
Generate the board pack
A draft pack assembled from your current inventory, validations and approvals.
Prepare for a model-risk review
Keep a model inventory with named owners, risk tiers, validation records and approvals. Include vendor and co-lending models so your Risk Committee can review the full picture.
Lokta maps evidence to RBI's June 2026 draft guidance. Read the model risk management guide for the regulatory detail, or read about RBI’s proposed revolving-credit restriction for NBFCs.
Keep the review moving, from inventory to board pack
Give risk, compliance and audit a shared view of the work. Open a gap, find its owner and follow it through approval without rebuilding the history for each meeting.
Know what is in scope and who owns it
Keep models, rules, scorecards and vendor dependencies in one inventory. See each owner, risk tier and review status before deciding where your team should focus.
Focus on the gaps that need action first
See readiness by theme and the gaps behind each score. Use the agent’s summary to prioritise missing records before the Risk Committee meets.
Ask a question and open the record behind the answer
Ask about your model inventory, validation status or open gaps. The agent finds the relevant records and drafts an answer for your team to review.
Build the board pack from records you already maintain
Draft the executive summary, readiness heatmap, validation status and other pack sections from the current record. Review the linked evidence, then save the version your team is ready to present.
Answer follow-up questions from the pack itself
Open the validation, approval or gap finding behind an item in the pack. Your team can check the supporting record during review and return to the same snapshot later.
Keep review and activation under separate approvals
Review the agent’s proposal and record who accepts or rejects it. Activating a control requires its own approval, so a draft can move through review without changing the live control.
Manage rules, scorecards and AI in the same inventory
Bring BRE rules, pricing calculators, AI use cases and third-party models into the same review process. Keep the owner and supporting records with each asset.
Your risk team gets a view across the decision systems used in lending, including vendor and co-lending dependencies. Review them alongside your own models without keeping a separate tracker for each type.
Keep the records behind each review together
Find the inventory entry, validation history and supporting records in the same workspace. Lokta’s readiness mapping uses RBI’s June 2026 draft guidance.
Keep control of every approval and change
Append-only evidence ledger
Every action is preserved with who, what, when, and source. The history remains available for review.
Four-eyes on every assertion
Validation, approval, exception, tier confirmation, and decommission all route through two-person sign-off.
Human-authoritative by design
Assistive agents propose and surface. They never approve, alter evidence, or activate a control without a person. Every agent action is logged.
You stay the authority
Lokta is your evidence system of record. Your validators, auditors, and board remain the decision-makers: we organise and ready the evidence, and they render judgment on the models.
Give risk, compliance and audit a shared workspace
- CROs
- Heads of Compliance
- Model-risk & credit-policy teams
- Data science leaders
- Internal audit
- CTOs
- Founders of fintech lenders
Built for NBFCs, co-lending partners and fintech lenders whose risk, compliance and technology teams need to coordinate the same review.
Start with the evidence you already have
- 01
Upload
Your assets and existing records, with guided templates.
- 02
See your readiness
On a live dashboard, scored against the draft.
- 03
Close the gaps
From a prioritised queue, with owners and "ready" criteria.
- 04
Generate your board pack
Review the draft, check its supporting records and save your pack.
Find out where your model-risk evidence stands today.
Take the RBI MRM draft self-benchmark. 10 questions, anchored to the June 2026 draft. Get your readiness score instantly. No email needed to see where you stand.
Take the self-benchmark →See how your next model-risk review could run
RBI Model Risk Management is available now. Bring your model inventory or an upcoming review. We’ll show your team how to track the gaps, manage approvals and prepare the board pack.
Prefer a general conversation? Talk to us
Questions a risk officer asks
Setup, validation ownership, third-party models and your review process.
What is model risk management software?
Model risk management (MRM) software is the system of record for a lender’s model governance: the inventory, the validation evidence, the approvals, the monitoring and the open gaps, kept in one place for the board and the RBI. RBI Model Risk Management is available now. It organises evidence across models, BRE rules, scorecards, AI use cases and third-party dependencies; it does not validate models itself.
Does Lokta make us "RBI compliant"?
No tool can. Lokta helps you build and maintain the evidence and readiness a lender needs to demonstrate its model-risk governance: the inventory, the validations on record, the approvals, the gaps, and the board pack. Compliance is your board's determination; we make it provable.
You also build lending technology. Can you be our governance system?
Lokta RBI MRM is your own system of record: it organises and evidences the controls you run. Your validators, auditors, and board remain the independent authority over your models. We do not validate or certify models; we make the evidence examination-ready. Where required, your data stays walled from any other Lokta product.
We use third-party and co-lending models. Are those covered?
Yes. That is a core reason Lokta exists. Vendor, bureau, and co-lending dependencies sit in the same catalogue as your own assets, with ownership and oversight evidence tracked against the draft's expectation that accountability is not outsourced.
Do we need to integrate our systems first?
No. Start with guided uploads and get a readiness dashboard and board pack from day one. Deeper source-system evidence APIs are available when you are ready.
Which framework does the readiness mapping use?
The readiness mapping uses RBI’s June 2026 draft guidance. You can review the assessment criteria and the records supporting each score. Your validators and board retain responsibility for model judgments and governance decisions.