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Youverify, Africa’s foremost provider of AML compliance technology solutions for banks and other financial institutions, is raising the standard for AI governance by becoming the first of its peers to earn the ISO/IEC 42001:2023 certification in Africa’s regtech industry.The milestone strengthens Youverify’s approach to responsible AI and reinforces its commitment to building technology that helps financial institutions manage compliance and financial crime risks with greater confidence.
What is ISO/IEC 42001:2023 certification?
ISO/IEC 42001:2023 is the international standard for Artificial Intelligence Management Systems (AIMS). It provides a clear framework for managing the risks and opportunities that come with developing and using AI.
As businesses adopt AI across more of their operations, the line between efficiency and data protection is blurring out. This makes it important for organisations to have clear governance around how AI is developed and used.
