Press Release
Kevin D. Oden & Associates: New Federal Model Risk Guidance (SR 26-2) Leaves Generative and Agentic AI Outside Scope, Shifting the Burden to Institutions
San Francisco, CA, 24th June 2026, ZEX PR WIRE — Kevin D. Oden & Associates (KDOA), a model risk management and quantitative advisory firm, today shared its perspective on SR 26-2, the revised interagency guidance on model risk management issued jointly by the Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC on April 17, 2026.
The revised guidance (SR 26-2, OCC Bulletin 2026-13, and FDIC FIL-15-2026) supersedes the 2011 guidance widely known as SR 11-7, which had governed how banking organizations identify, validate, monitor, and govern quantitative models for fifteen years. The update moves toward a more flexible, principles-based approach that is tailored to an institution’s model risk profile and the size and complexity of its operations. It is expected to be most relevant to banking organizations with more than $30 billion in total assets, though smaller institutions with significant model-risk exposure may also fall within its expectations.
KDOA’s central observation is what the guidance leaves out. SR 26-2 expressly places generative AI and agentic AI models outside its scope, describing them as novel and rapidly evolving. The revised principles apply to traditional statistical and quantitative models. For institutions already deploying AI-driven tools across credit, fraud, BSA/AML, and customer-facing functions, this means there is no regulatory floor specific to those systems. The responsibility to define proportionate governance and controls sits with the institution.
“The agencies modernized the baseline and were deliberate about not extending it to generative and agentic AI,” said Kevin Oden, Managing Partner of Kevin D. Oden & Associates. “That is a reasonable call given how fast the technology is moving, but it does not reduce the risk these systems carry. It relocates the burden. Boards and model risk teams now have to build credible governance for AI without a prescriptive standard to point to, while also re-grounding their traditional model programs in the revised guidance.”
KDOA notes three practical implications for institutions reassessing their programs against SR 26-2:
- Re-baselining is not optional. Policies, validation standards, and inventory taxonomies written against SR 11-7 reference a superseded standard. Programs should be re-mapped to the revised principles, with particular attention to how materiality and a risk-based, tailored approach are documented.
- The AI gap is now an institutional decision. Because generative and agentic AI sit outside the guidance, institutions must decide, document, and defend how those systems are governed under their own risk frameworks. Examiners can still act on unsafe or unsound practices regardless of scope. Separate AI-specific guidance is widely anticipated.
- Proportionality cuts both ways. A principles-based standard gives institutions room to right-size their programs, but it also removes the cover of a checklist. The reasoning behind each control choice has to hold up.
A final point on scope: the exclusion is narrower than it first appears. Only generative and agentic AI fall outside SR 26-2. Traditional statistical and quantitative models remain fully in scope, as do non-generative, non-agentic AI and machine learning models. For most institutions, that means the bulk of their AI/ML footprint, including the conventional machine learning used in credit, fraud, and BSA/AML, is still governed by the revised guidance and has to be re-mapped to it. The open question sits only with the newest generative and agentic systems, which is exactly where the institution, not the regulator, now sets the standard.
KDOA’s validation and governance teams, whose members have held senior model risk roles at institutions including the Federal Reserve, Fannie Mae, Wells Fargo, Bank of America, Lloyds Banking Group, and Varo Bank, are advising clients on re-baselining their programs to the revised guidance.
The firm’s technology platform, Model IQ, supports this work by managing the full model lifecycle in one system, from registration and risk tiering through validation, monitoring, and board reporting. Its program-assessment tooling is being updated to evaluate institutions against the revised guidance, helping teams identify gaps and track remediation as they transition off the 2011 standard.
About Kevin D. Oden & Associates
Kevin D. Oden & Associates provides quantitative analysis, model risk management, and risk advisory services to the financial industry and beyond. The firm’s team includes more than ten PhDs and senior quantitative analysts with experience across credit, market, BSA/AML, fraud, CECL, stress testing, and AI/ML models. KDOA is SOC 2 Type II certified and an NMSDC-certified Minority Business Enterprise. Its Model IQ platform was designed by practicing model risk managers for the teams that run MRM programs day to day.
For more Information, You can Visit: https://kdoden.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Electronic System Sales LLC, the Parent Company of AZ Bounce Pro, Files for Chapter 11 Bankruptcy
The Chapter 11 bankruptcy was filed in the Arizona Federal Court.
Phoenix, AZ, USA – Electronic System Sales LLC, the operating entity behind the regional event and party rental provider AZ Bounce Pro, has formally initiated bankruptcy proceedings. The filing was officially recorded in the Arizona Bankruptcy Court under case number 2:26-bk-03456.
For years, AZ Bounce Pro has operated out of its primary facility located at 4822 South 40th Street in Phoenix, supplying entertainment equipment and event infrastructure across the Southwest. The company built its operational footprint by servicing a wide geographic area that includes Scottsdale, Paradise Valley, Glendale, and Mesa. The organization’s inventory encompassed an extensive selection of event supplies, ranging from traditional bounce houses and inflatable obstacle courses to mechanical carnival rides such as the Ballistic and Mindwinder swings.
A representative for the organization addressed the recent legal filing directly, stating, “My company is in bankruptcy, and I’m trying to get the message out to the public.”
Historically, AZ Bounce Pro positioned itself to handle various event scales, accommodating small residential birthday parties alongside large-scale municipal festivals, school carnivals, and corporate gatherings holding thousands of attendees. The company’s rental offerings expanded significantly over its operational history to include complex temporary event structures, such as four-story inflatable water slides, trackless trains, interactive arcade machines, green screen photo booths, and modular lounge furniture.
The bankruptcy filing marks a significant structural shift for the Phoenix-based entertainment supplier. The case documentation, publicly accessible through the federal electronic bankruptcy court system and the Inforuptcy database under Electronic System Sales LLC, details the initial stages of the financial proceedings.
Creditors, clients with pending event reservations, and other affected parties are directed to review the official Arizona Bankruptcy Court dockets for specific legal guidance, procedural deadlines, and updates regarding the status of the company’s assets and future operations.
About AZ Bounce Pro
Based in Phoenix, Arizona, AZ Bounce Pro is an event equipment and entertainment rental service. The company has historically supplied inflatables, mechanical amusement rides, concessions, and specialized event furniture for corporate events, educational institutions, and private parties throughout the Southwestern United States.
Media Contact
Company Name: AZ Bounce Pro
Contact Person: Nate Jahang
Email: nate@azbouncepro.com
Website: AZbouncepro.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 22nd Aug 2026 — Way.com has expanded its auto repair marketplace to give drivers a more convenient way to discover, compare, and book vehicle maintenance and repair services online. The platform brings together drivers and vetted automotive service providers, helping simplify the process of finding reliable care for vehicles across the United States.
As vehicle ownership continues to require regular maintenance and unexpected repairs remain an unavoidable part of driving, consumers increasingly expect convenient digital solutions for managing automotive needs. Way.com’s expanded Auto Repair Marketplace addresses this demand by providing drivers with a centralized destination for exploring Auto Repair Services, comparing available options, and arranging service through an online platform.
The marketplace is designed to support a broad range of vehicle maintenance and repair needs. Drivers can use the platform to explore services such as routine maintenance, oil changes, tire services, and general vehicle repairs. By bringing these options together through a digital experience, Way.com aims to make car care easier to manage while reducing the time and effort traditionally associated with searching for automotive service providers.
A More Convenient Approach to Auto Repair
Finding a dependable mechanic can often require researching multiple businesses, making phone calls, checking service availability, and coordinating appointments. Way.com is simplifying this process through its Car Repair Marketplace, allowing drivers to search for automotive services online and take the next step toward booking care.
The platform provides a digital approach to Online Auto Repair Booking, helping consumers move from identifying a vehicle service need to finding an appropriate provider more efficiently. Whether a driver needs scheduled maintenance or is looking for assistance with a vehicle repair, the marketplace creates a streamlined starting point for the search.
This approach also reflects the growing role of digital platforms in everyday automotive care. Instead of relying solely on traditional searches or word-of-mouth recommendations, consumers can use an Auto Repair Platform to explore available services in one place.
Connecting Drivers With Vetted Service Providers
A key part of Way.com’s marketplace model is connecting customers with vetted mechanics and automotive service providers. This helps create a more structured experience for drivers seeking Trusted Car Repair Services and gives consumers a digital environment for discovering automotive care options.
By bringing service providers and customers together through an Online Car Repair Marketplace, Way.com is helping modernize how drivers approach vehicle maintenance. The platform is intended to make automotive service discovery more accessible while supporting greater convenience throughout the booking process.
The marketplace can also serve drivers who want to address routine vehicle needs before they become more significant problems. Regular maintenance, tire services, oil changes, and other forms of preventive care play an important role in keeping vehicles operating properly. A convenient Car Care Booking Platform can help drivers more easily organize these essential services.
Supporting Transparent and Simplified Car Care
Way.com’s expanded marketplace is positioned around simplifying a traditionally fragmented process. Drivers searching for Car Repair Services can use the platform to explore available service options without having to manage the entire discovery process offline.
The company’s digital approach is designed to support Transparent Auto Repair Services by helping customers understand their available service options and make informed decisions about vehicle care. The goal is not simply to provide another way to find mechanics, but to create a more convenient digital pathway for managing everyday automotive needs.
As consumers continue to adopt online solutions for scheduling appointments, purchasing services, and managing household responsibilities, automotive care is increasingly becoming part of that digital shift. Way.com’s Digital Auto Repair Solution responds to this changing consumer behavior by bringing service discovery and booking into an online environment.
Expanding Access to Online booking of Auto Repair Services
The expansion reinforces Way.com’s broader focus on creating convenient digital experiences for drivers. Through its Auto Repair Services Platform, the company is helping consumers access automotive care through a process that is designed to be easier, more organized, and more convenient.
For drivers seeking Reliable Car Care Services, the marketplace provides a centralized way to explore repair and maintenance options. Its combination of service discovery, vetted providers, and online booking reflects a growing expectation that essential vehicle services should be as accessible digitally as other everyday consumer services.
With its expanded Car Repair Platform, Way.com continues to develop solutions intended to simplify the relationship between drivers and automotive service providers. By making Auto Repair Booking available through an online marketplace, the company is helping create a more convenient path for consumers managing everything from routine maintenance to general vehicle repairs.
Drivers can learn more about Way.com’s auto repair marketplace and explore available services at https://www.way.com/auto-repair.
About Way.com
Way.com is a digital platform focused on helping drivers access convenient automotive and mobility-related services. Through its technology-driven marketplace, the company connects consumers with service providers and creates easier ways to discover and arrange services online. Way.com’s expanding automotive solutions are designed to support drivers with convenient digital tools for managing everyday vehicle and transportation needs.
Media Contact
Organization: Way.com
Contact Person: Support Team
Website: https://www.way.com
Email: Send Email
Country:United States
Release id:48348
The post Way.com Expands Auto Repair Marketplace to Simplify Car Care for Drivers Nationwide appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 22nd Aug 2026 — Managing a modern industrial or commercial facility often requires more than completing a construction project. From engineering and equipment installation to automation, facility transitions, and ongoing maintenance, organizations may need multiple specialized teams to work together without disrupting operations. MTLI Group of Companies is addressing this challenge through an integrated infrastructure model designed to bring these requirements under one accountable structure.
Founded in 1982, MTLI Group has spent more than four decades developing infrastructure solutions for organizations across the United States, Canada, and Mexico. With more than 15,000 completed projects, 100+ professionals, and a network of 800+ vendors and partners, the company is positioned to support complex programs involving multiple facilities, trades, locations, and project phases.
“Complex facilities require coordination long after the first construction activity begins,” said Mitchell Learning, CEO of MTLI Group. “Our integrated structure allows us to remain involved across multiple stages so clients can approach infrastructure development and change as one connected program.”
Reducing Fragmentation Across Facility Programs
One of the challenges associated with major facility projects is coordination. A construction contractor may complete one phase, an automation specialist may handle another, and separate providers may be responsible for installation, relocation, maintenance, or recovery.
MTLI Group takes a different approach by combining these capabilities within a broader infrastructure platform. Engineering, project management, construction, installation, automation, transitions, and lifecycle services can be coordinated through a single delivery structure.
This model is designed to provide clients with greater visibility into project schedules, costs, safety requirements, and execution while reducing the need to manage numerous independent workstreams.
Building Infrastructure Around Operational Requirements
The growing adoption of automation is changing the way warehouses and distribution facilities are designed and operated. Warehouse automation can involve sophisticated equipment and technology, but successful implementation also depends on the surrounding physical infrastructure.
As a warehouse automation company, MTLI Group supports projects where automation needs to be considered alongside construction, installation, electrical systems, controls, equipment placement, and facility operations. This integrated perspective can help organizations approach automation as part of the overall facility rather than as a separate technology project.
MTLI’s role can extend from engineering and planning through installation and commissioning, helping coordinate the transition from project design to operational infrastructure.
Supporting Commercial and Industrial Development
Facility requirements can vary significantly between commercial properties, manufacturing environments, distribution centers, and logistics operations. MTLI Group provides construction capabilities designed to accommodate these different environments.
As a commercial construction company, the organization supports commercial facility projects, modifications, buildouts, and infrastructure improvements. Its capabilities as a commercial general contractor allow it to coordinate construction activities with other project requirements and specialized trades.
MTLI also provides design build construction services, connecting engineering and construction considerations within the same project framework. This approach can help streamline communication between planning and field execution while creating clearer accountability throughout development.
For manufacturing and industrial environments, MTLI operates as an industrial construction company, supporting projects that may require coordination between structural work, equipment installation, automation, electrical systems, and ongoing facility operations.
Infrastructure Support Beyond the Build
For MTLI Group, facility delivery does not necessarily end when construction is complete. Buildings and industrial environments require continued attention as equipment ages, operational requirements change, and businesses expand or relocate.
Through its capabilities as a facility management company, MTLI supports ongoing maintenance, inspections, repairs, equipment services, troubleshooting, and infrastructure optimization.
The company also provides facility transition and asset recovery services for organizations moving, consolidating, expanding, or redesigning operations. Equipment and infrastructure can be dismantled, relocated, recovered, reinstalled, or redeployed as part of broader transition programs.
About MTLI Group of Companies
MTLI Group of Companies is an integrated industrial and commercial infrastructure platform serving the United States, Canada, and Mexico. Founded in 1982, the company specializes in engineering, automation, construction, installation, logistics, facility transitions, asset recovery, and lifecycle support.
MTLI’s experience includes more than 15,000 completed projects, supported by 100+ professionals and a network of 800+ trusted vendors and partners. The company is structured to manage multi-site, multi-trade, and multi-phase programs while maintaining a centralized approach to project accountability.
Rather than limiting its role to traditional contracting, MTLI works as a long-term infrastructure partner, supporting clients from early planning and design through installation, maintenance, transitions, and ongoing performance optimization.
For more information, visit https://mtligroup.com/ or contact MTLI Group at 305-433-7789 or info@mtligroup.com.
Media Contact
Organization: MTLI Group of Companies – USA
Contact Person: Mitchell – CEO
Website: https://mtligroup.com/
Email: Send Email
Contact Number: +13054337789
Country:United States
Release id:48347
The post MTLI Group Brings a Unified Approach to Complex U.S. Facility Projects appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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