💨 Abstract

Financial Software and Systems (FSS), a global leader in payments technology, has achieved ISO/IEC 42001 certification, making it the first in India, the Middle East, APAC, and South Africa to do so. This certification underscores FSS's commitment to responsible AI use in payments and banking. The certification ensures structured AI governance, continuous monitoring, and risk assessment across the AI lifecycle. FSS's AI systems support critical functions like fraud detection and transaction monitoring.

Courtesy: theprint.in