ISO 42001 - AI Systems
Contact Us
At ISO Pros, we are always working on new implementations and in helping companies get certified in no time. This includes any standard from the basic ones such as ISO 9001, to the newest options like ISO 42001.
The latter standard has proven to be needed in more companies than what was expected. While it is mostly aimed at businesses that heavily rely on AI systems and tools, those that implement it in a specific way and even slightly will have to rely on the guidelines and comply by law.
Our role in all this is making sure that you get it properly implemented but also benefit from the process. Instead of working on checkmarks and how you can finish an entire project, we will be there to align any requirements and make sure you can have a well-structured AI management system in place that includes everything about ethics, responsibility, accountability, and explainability.
The way we do this is by understanding your company well, how you have been utilizing AI tools and your system, and consider the changes or corrective actions needed for the whole process.
Unlike other companies, we will be there to guarantee your comfort, and any changes or additional requests you have can be made accordingly. All we ask is that you provide us with as much information as possible before we are even able to offer a consultation and estimate for your implementation and certification.
Is ISO 42001 Usually Implemented in Banks and Finance Companies?
As long as there is an AI system being used or certain tools implemented, then yes, ISO 42001 is needed due to legal regulations.
There are no real limitations or specific requirements for implementation besides having an artificial intelligence system or using it in some way. Furthermore, you may be someone who is not yet using it, but your company is thinking about having it in order to handle tasks and automate certain processes.
For the latter, following guidelines and regulations will be needed so that full compliance is achieved and you can avoid extra expenses or having to go through corrective actions.
Banks and any financial businesses usually implement AI for databases, collecting information, and working on decision-making, such as determining if a client can apply for a loan or providing the total and result in credit scores.
This is efficient and helps avoid repetitive tasks. However, it comes with certain issues if you cannot explain where the results are coming from and, in case of any problems in the process, who is held accountable for the decisions?
Our professionals can address all the problems and focus on keeping compliance clear. We will implement it based on the business or industry and follow up with any changes as we work through it.
Feel free to contact us to learn more about the process not only for banks and finance companies but also in any other industry, such as healthcare, tech, retail, and many more.
IQC The ISO Pros of New Jersey can help you implement, train on, consult, and have your company and/or organization certified on the following ISO Certifications:
If you want to enjoy the above-listed benefits, contact IQC the ISO Pros of New Jersey, now. Our services are accessible in all of the below-mentioned cities: