December 24, 2024

This release brings additional customization features to the ValidMind Platform, improvements to our documentation site, a brand new Help Center, and more!

Release highlights

ValidMind Library (v1.27.17)

Code samples

Jupyter Notebooks for option pricing

We’ve introduced two new quickstart Jupyter Notebooks dealing with option pricing in the Capital Markets section of our code samples.

• Use ValidMind to automate the documentation and validation of a financial model that prices knockout options:

• Implement, calibrate, and validate a Heston option pricing model using QuantLib, Python, and ValidMind:

Knockout option pricing model

Heston option pricing model

ValidMind Platform (v1.27.17)

Custom model inventory and findings views

Along with customizing what you see, you can now save preconfigured views on the Inventory and all Findings pages within ValidMind Platform, allowing you to retrieve these settings easily for future use.

Customize model inventory layout

View and filter model findings

Custom dashboards and widgets

We’ve added the capability to build custom Dashboards to allow quick access to information relevant to you via widgets.

Customize your dashboard

Widget types include saved inventory and model findings views¹, analytics reports,² and model activity.³

¹ Custom model inventory and findings views

² Working with analytics

³ View model activity

Custom High Risk dashboard showing widgets for Tier 1 models and High Severity findings

Documentation

User guide updates

Log In button

We’ve added the option to log in to the ValidMind Platform directly from our documentation site. Click the Log In drop-down menu in the top right-hand corner to try it out!

Log in to ValidMind

New Log In button

New FAQ

New FAQ

We’ve completely renovated our frequently asked questions (FAQ) with completely up-to-date information and new topics such as:

FAQ

• Access & permissions
• Validation & findings
• Collaboration
• Monitoring & reporting

ValidMind Help Center

We’ve soft-launched our Help Center, enabling you to easily contact us through your method of choice.

Support

Whether you submit a ticket through our questionnaire, chat with us through the documentation site, send us an email, or give us a call, your requests will all be captured in our Help Center.

ValidMind Help Center

Enhancements

ValidMind Platform (v1.27.17)

Enhanced reporting and analytics settings

We’ve extended the available options for custom analytics further — you can now sort bar chart visualizations and retrieve a count percentage metric for all types of visualizations.

Manage custom reports

Improved revision history within content blocks

We’ve improved the way revision history displays within content blocks, allowing you to more easily review changes to model documentation, validation reports, and ongoing monitoring reports.

Collaborate with others

Example revision history for a content block

Granular role permissions for inventory fields

Setup for an inventory field only editable by developers

You can now gate edit access to specific model inventory fields to certain roles via the write permissions setting.

Manage model inventory fields

• Leave this field blank to leave permissions as default.
• By default, model owners and validators have write access. Model developers have read-only access.⁴

⁴ Manage permissions

Bug fixes

ValidMind Platform (v1.27.17)

• Previously, deleting a finding did not remove it from linked validation reports.
• Now, deleting a finding will show a confirmation warning and subsequently remove it from any linked reports.

Add and manage model findings

Deletion confirmation dialogue for a finding linked to a validation report

Documentation

Code samples

Initialize ValidMind with stored credentials

We’ve included details on how to initialize ValidMind with credentials stored in an .env file in our Jupyter Notebook samples.

Our documentation guides have also been updated to match this new experience:

Store model credentials in .env files

User guide updates

Developer Fundamentals video series

We created a series of 10 short videos to help you learn about the model documentation process as a developer:

• These videos introduce you to generating model documentation that includes tests.
• You will also learn about adding your own tests, editing the content online, and then submitting your documentation for approval so that a validator can review your submitted documentation.

ValidMind Academy updates

Example executed Jupyter Notebook

The ValidMind Academy Developer Fundamentals course has been updated with an improved version of the ValidMind Introduction for Model Developers Jupyter Notebook:

• This embedded notebook is now executed live within the training. This allows you to interact with output cells previously omitted, such as when previewing the documentation template.
• This training notebook serves as a reference guide. You will understand what to expect when you first run the cells.

Site enhancements

Cleaner homepage

We’re clutting down on clutter and striving for minimalism to reduce confusion and streamline the user journey. Check out our new homepage search banner:

Old homepage search banner

New homepage search banner

Documentation homepage

ValidMind Academy top navigation

Our training portal has also been refreshed with a more minimalist introductory banner, and its own reduced top-navigation:

Old training top navigation

ValidMind Academy

New training top navigation

New Developers portal

The Developers portal also got a makeover, with a ValidMind logo inspired top navigation:

New developers portal theme

Developers

How to upgrade

ValidMind Platform

To access the latest version of the ValidMind Platform,⁵ hard refresh your browser tab:

⁵ Log in to ValidMind

• Windows: Ctrl + Shift + R OR Ctrl + F5
• MacOS: ⌘ Cmd + Shift + R OR hold down ⌘ Cmd and click the Reload button

ValidMind Library

To upgrade the ValidMind Library:⁶

⁶ Get started with the ValidMind Library

1. In your Jupyter Notebook:

   • Using JupyterHub:⁷ Hard refresh your browser tab.
   • In your own developer environment:⁸ Restart your notebook.

2. Then within a code cell or your terminal, run:

   %pip install --upgrade validmind

⁷ Try it with JupyterHub

⁸ Try it in your own developer environment

You may need to restart your kernel after running the upgrade package for changes to be applied.