Corlytics, a prominent RegTech company, has become the first dedicated firm in its field to receive the ISO/IEC 42001:2023 certification for its AI management system. This achievement underscores the company’s commitment to AI governance amidst growing concerns over technological vulnerabilities. The certification aligns with the EU AI Act and the UK Government’s National AI Strategy, crucial frameworks addressing security and trust in AI. This development is particularly relevant in light of recent warnings from JP Morgan’s Chief Information Security Officer regarding the risks associated with SaaS providers.
The certification process, managed by A-LIGN, revealed zero issues, underscoring Corlytics’ dedication to developing safe and ethical AI systems. The company adopts a comprehensive approach, integrating quality, security, and traceability into its AI offerings. This strategic choice sets them apart from firms focusing purely on technological advances, positioning them as leaders in ethical AI deployment. Trusted by 40% of the world’s top 30 banks, their emphasis on a comprehensive AI strategy enhances their reputation as a reliable enterprise.
Following Verdane’s acquisition of a majority stake in Corlytics, the company strengthened its entire governance framework, embedding AI accountability and precision into its solutions. This achievement not only highlights their investment in intelligent AI infrastructure but also precedes updates to their products and services, promising to benefit clients by ensuring technology remains precise and accountable.
