Corlytics Pioneers ISO 42001 Certification in AI Governance as the First RegTech Leader
Corlytics has proudly achieved a significant milestone by becoming the first dedicated RegTech company to secure the ISO/IEC 42001:2023 certification. This accomplishment highlights a major advancement in AI governance within the financial technology sector.
What is ISO/IEC 42001:2023 Certification?
The ISO/IEC 42001:2023 certification is awarded following a rigorous independent audit from A-LIGN, which recognizes organizations for their effective AI management systems. This certification underscores Corlytics’ dedication to deploying AI in an ethical, secure, and transparent manner.
Corlytics’ Commitment to AI Governance
Supported by Verdane, Corlytics joins an elite group of global companies that are paving the way for compliance with AI governance frameworks, including the EU AI Act and the UK’s National AI Strategy. The company’s approach integrates AI governance into various aspects of its operations, including:
- Product development
- Acquisitions
- Internal processes
Statements from Leadership
Corlytics CEO and founder John Byrne emphasized the company’s long-standing commitment to AI, stating: “We have been using AI from our inception and have always been led by a strategy of AI-by-design. This allows our clients to benefit from our rigorous and disciplined approach to AI without compromising on security, transparency, or traceability.”
Partnerships and Impact
Corlytics is a trusted partner for approximately 40% of the world’s 30 largest banks, demonstrating its capability to provide solutions that manage an impressive 30 million pages of regulation annually for clients.
For more information on how Corlytics is transforming the RegTech landscape, visit RegTech Analyst.
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