Fairly AI Streamlines Third-Party AI Risk Assessments

ISO 42001 is the world’s first management system for AI standard modelled after ISO 27001. This framework will provide Third-Pary Risk Management teams with a consistent, rigorous, and transparent process to assess risks associated with vendor AI systems across areas such as security, privacy, ethics, compliance, and quality. Fairly AI piloted multiple ISO standards for AI with the Responsible AI Institute, the Standards Council of Canada and the British Standards Institute.
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For organizations purchasing third-party AI solutions where sensitive data, ethical considerations, and reliability are paramount, ISO/IEC 42001 provides a structured approach to achieving trust and safety.