FAIRLY AI Partners with SCC, Responsible AI Institute, and ATB Financial to Pilot ISO/IEC 42001 Standard: A World First!

FAIRLY AI is proud to announce that our collaboration with the Standards Council of Canada (SCC), the Responsible AI Institute, and ATB Financial has resulted in a groundbreaking achievement in the AI governance space. Together, we have successfully piloted the ISO/IEC 42001 standard — the world’s first certification scheme aimed at ensuring the responsible development, deployment, and use of AI systems.

A Historic Milestone in AI Compliance

ISO/IEC 42001 is a critical new standard for organizations involved in the development, provision, or use of AI-based products or services. Applicable across industries, it serves as a global framework for responsible AI practices, offering a pathway for both private and public sector entities to ensure their AI systems are ethically sound, transparent, and compliant with international standards.

This pioneering effort culminated in the successful evaluation of ATB Financials’ Next Best Conversation (NBC) system — a customer service recommender AI used by client-facing teams. The pilot provided invaluable insights into the real-world application of ISO/IEC 42001 and how the Responsible AI Institute’s Certification Scheme can be integrated with this new standard.

Key Outcomes from the Pilot

1. SCC’s Insights: The Standards Council of Canada learned about the intersection between RAI Institute’s Certification Scheme and ISO/IEC 42001, laying the groundwork for broader application across the AI ecosystem.
2. RAI Institute’s Validation: The pilot allowed the Responsible AI Institute to validate and refine its certification scheme, ensuring it aligns with globally recognized standards.
3. Provisional Certification for ATB Financial: ATB Financials’ NBC system received provisional certification, marking a major milestone for both the financial sector and responsible AI practices.
4. Enhancing FAIRLY AI’s Expertise: Our team at FAIRLY AI strengthened its capabilities in AI governance and compliance, further cementing our position as experts in the responsible AI space.

How Your Organization Can Benefit This collaborative pilot paves the way for other organizations to begin adopting ISO/IEC 42001 and ensure their AI systems are held to the highest standards of ethical and responsible governance. With FAIRLY AI’s Simple Start plan, your organization can easily integrate ISO/IEC 42001 compliance into your operations — no matter your size or industry. Learn more about how your organization can start applying ISO/IEC 42001 today:
Link to Simple Start Plan A Global First: Setting the Stage for AI Governance, this success is a significant step forward in the global effort to make AI development safer, more transparent, and responsible. As we continue to work alongside industry leaders and regulatory bodies, we remain committed to driving the responsible deployment of AI across all sectors. Stay tuned for more updates as we continue to refine and expand our offerings in AI governance and compliance.