That is especially important in automated high frequency trading (HFT) where a flawed model can lead to immediate losses, as MathWorks says.

FORBES: Financial Models Bog Down in Corporate Bureaucracy

Testing in finance can be fairly ad hoc, said Steve Wilcockson, industry manager for financial services at MathWorks, and it varies by location and industry segment.

FORBES: Financial Models Bog Down in Corporate Bureaucracy

MathWorks suggests some ways to speed the process of model integration, including taking models directly into production rather than recoding them, and rationalizing the development and implementation process.

FORBES: Financial Models Bog Down in Corporate Bureaucracy