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:

1. 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 Policies, validation standards, and inventory taxonomies written against SR 11-7 reference a superseded standard.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.
2. 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.
3. 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

Xiamen, China, 24th Jun 2026 – Xiamen Million Stone Art & Crafts Co., Ltd., a leading original wall art and home decor manufacturer established in 1995, has introduced an AI-assisted design system to support OEM, ODM, and wholesale buyers worldwide. The new system combines artificial intelligence with the company’s long-standing expertise in original design, mixed-media craftsmanship, and copyright protection, helping global partners improve product development efficiency and accelerate time-to-market.

Key Takeaways

• Established in 1995 with over 30 years of manufacturing experience
• More than 30,000 original designs supported by extensive copyright registrations
• 20,000-square-meter production facility and 2,000-square-meter showroom
• OEM, ODM, and wholesale services available worldwide
• Specialized in mixed-media wall art and home decor products
• AI-assisted trend analysis and design development system
• Long-term export experience across North America, Europe, and the Middle East.

Combining AI Technology with Original Design Expertise

As global demand for differentiated home decor products continues to grow, buyers increasingly seek suppliers capable of delivering original designs while maintaining efficient production cycles.

To address these market needs, Xiamen Million Stone Art & Crafts Co., Ltd. has integrated AI-assisted trend analysis into its design workflow. By analyzing global color trends, interior design preferences, and consumer purchasing patterns, the system helps designers identify emerging opportunities and develop market-oriented collections more efficiently.

The AI-assisted process complements the company’s professional design team, enabling faster concept development while preserving originality, creativity, and copyright compliance throughout the product development cycle.

Core Strengths of Xiamen Million Stone Art & Crafts Co., Ltd.

1. Extensive Original Design Library

The company maintains a library of over 30,000 original designs, supported by extensive copyright registrations. Hundreds of new products are introduced annually to meet evolving market demands.

This commitment to original creation helps buyers reduce product similarity, strengthen brand differentiation, and minimize intellectual property risks in international markets.

2. Advanced Mixed-Media Craftsmanship

Xiamen Million Stone Art & Crafts Co., Ltd. specializes in combining various materials, including:

• Solid wood
• Metal
• Fabric
• Paper pulp
• Feathers
• Gold foil
• Silver foil

Through the integration of traditional handcraft techniques and modern manufacturing processes, the company creates layered decorative products that offer distinctive visual appeal for residential, hospitality, and commercial environments.

3. Large-Scale Manufacturing Capacity

The company operates a 20,000-square-meter production facility and a 2,000-square-meter showroom displaying thousands of product samples.

Its integrated supply chain supports:

• Product design
• Sampling
• Mass production
• Quality control
• International logistics

This comprehensive manufacturing system allows the company to provide stable quality and reliable delivery schedules for global buyers.

4. Global OEM and ODM Services

All products are available for global OEM, ODM, and wholesale orders.

The company provides customized solutions for:

• Home decor brands
• Retail chains
• Interior design firms
• Hospitality projects
• Commercial decoration projects

Services include custom design development, material selection, packaging solutions, and private-label manufacturing.

Artificial Intelligence in Home Decor Manufacturing

Artificial intelligence is becoming an increasingly important tool within the home decor industry.

For manufacturers, AI can help analyze market trends more efficiently, identify emerging consumer preferences, and support product planning decisions. When combined with experienced designers, AI-assisted systems can improve development efficiency while maintaining originality and creativity.

At Xiamen Million Stone Art & Crafts Co., Ltd., AI serves as a supporting technology rather than a replacement for human creativity. The company continues to prioritize original design, craftsmanship, and copyright protection while using AI tools to enhance responsiveness to market changes.

Industry Outlook

According to industry research, the global home decor market is expected to maintain steady growth through 2031, driven by increasing demand for personalized home furnishings, sustainable materials, and digitally assisted product development.

As retailers and consumers continue seeking unique decorative products, manufacturers with strong design capabilities and efficient development systems are expected to play an increasingly important role in the global supply chain.

Future Development Plans

Over the coming years, Xiamen Million Stone Art & Crafts Co., Ltd. plans to continue investing in:

• Original design development
• Mixed-media craftsmanship innovation
• AI-assisted trend analysis systems
• Copyright protection initiatives
• Global logistics optimization
• International customer support services

These investments are intended to strengthen the company’s ability to serve long-term partners across North America, Europe, the Middle East, and other international markets.

About Xiamen Million Stone Art & Crafts Co., Ltd.

Founded in 1995, Xiamen Million Stone Art & Crafts Co., Ltd. specializes in the research, design, and manufacturing of original wall art and home decor products. The company combines original creativity, mixed-media craftsmanship, large-scale manufacturing capabilities, and comprehensive supply chain management to serve global OEM, ODM, and wholesale customers.

Media Contact

Organization: Xiamen Million Stone Art & Crafts Co., Ltd.

Contact Person: Michael Yang

Website: http://www.millionstone.com/

Email: Send Email

Address:Tong’an District, Xiamen, Fujian, China

City: Xiamen

Country:China

Release id:46438

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A new report by Perfect.Live, based on request data from 1,000+ high-net-worth clients across 127 countries, finds that multi-location living has become the operational norm — and that managing it is now the primary driver of lifestyle delegation.

Perfect.Live has published its first annual report on HNWI lifestyle delegation, covering internal request data aggregated across 2025-2026.

The core finding: the primary residence is no longer one place. Nearly half of wealthy individuals now run active households in 3 or more countries simultaneously — staff, suppliers, and logistics operating in parallel across jurisdictions. 

A record 142,000 millionaires relocated internationally in 2025, the highest figure ever recorded, and the share of Perfect.Live clients with households in 3 or more countries has grown from 18% to 47% in 2 years. That operational complexity is what drives delegation.

When those clients outsource, 34% of all requests fall under Mobility & Speed — private transfers, jet brokerage, airport fast-track —  because time is the scarce resource. Travel planning accounts for another 27%, household and personal support for 18%. Across every category, the pattern is consistent: clients stay involved at the level of decisions and outcomes, and delegate everything in between.

Trip patterns are shifting too: visits are getting shorter and more frequent, with clients preferring 2- or 3-day stops across several cities over single-destination stays. On the household side, wealthy families are moving away from large in-house teams toward a lean core structure supported by external partners for the recurring operational layer.

The fastest-growing segment is corporate business travel for senior executives, with GMV now exceeding $500,000 per month, as corporations increasingly formalise concierge support as part of senior talent strategy.

Request patterns vary by region. Eurozone clients skew toward cultural itineraries and private dining access. US clients show the highest request velocity, driven by jets, fast-track, and last-minute logistics. ME clients generate the highest average ticket per event. Asian clients show a high share of complex multi-country itineraries combining business and education-related logistics. Spend ranges from episodic delegators under $10,000 per month to HNWI clients running continuous request flow above $50,000.

About Perfect.Live

Perfect.Live is a 24/7 lifestyle management platform serving 1,000+ high-net-worth individuals and corporate partners across 127 countries, operating directly with private clients and as embedded infrastructure for private banks, family offices, and wealth management firms.