Riskonnect Introduces AI Governance Solution to Enhance Responsible Innovation and Compliance

Riskonnect Launches AI Governance Capabilities for the Next Era of Risk Management ATLANTA--(BUSINESS WIRE)--Riskonnect, the leader in integrated risk management (IRM) solutions, announced today the launch of its AI Governance solution. The new offering integrates seamlessly with Riskonnect’s broader risk management platform, enabling organizations to responsibly leverage AI technologies while maintaining robust oversight, compliance, and control. As the use of AI continues to grow, companies are increasingly pressured to ensure that these technologies are deployed in a responsible, ethical, and transparent manner. Riskonnect’s AI Governance solution addresses this challenge by providing a structured approach to AI oversight, allowing customers to integrate safety and compliance into their innovation strategies. "AI has the potential to create significant value, but this can only be realized through intentional and ethical governance," said Kathryn Carlson, Chief Product Officer at Riskonnect. "Our AI governance capabilities empower organizations to transform potential uncertainties into opportunities by embedding responsible oversight into their risk management framework. This solution ensures that innovation can proceed safely, ethically, and transparently." The AI Governance solution is fully integrated into Riskonnect’s Governance, Risk, and Compliance (GRC) platform, offering a centralized hub for managing AI throughout the organization. Recognizing that AI risk is a cross-functional issue, Riskonnect facilitates collaborative governance across various departments, including risk, legal, IT, and business units. This holistic approach allows organizations to handle AI risk alongside other critical areas such as cybersecurity, third-party, operational, and compliance risk, ensuring a unified and comprehensive risk management strategy. Key features of the AI Governance solution include: Centralized Management: A unified platform for departments to oversee and manage AI usage. Collaborative Oversight: Breaking down silos to ensure cross-functional governance. Compliance and Control: Meeting regulatory standards while demonstrating responsible AI use. Innovation Support: Enabling rapid and confident deployment of AI without compromising integrity. By investing in responsible AI governance, Riskonnect is helping organizations build trust and resilience in an AI-driven landscape. The solution democratizes AI oversight, making it accessible to non-technical teams while ensuring satisfaction of technical, regulatory, and executive requirements. "AI governance is not just about compliance; it is a strategic enabler that supports broader business objectives and scales AI use responsibly," Carlson added. "Much like cybersecurity evolved into a board-level concern over the past decade, AI governance is becoming the next major challenge. It’s essential for organizations to address this proactively to capitalize on the benefits of AI." To learn more about how Riskonnect facilitates responsible AI use, visit their website at riskonnect.com. About Riskonnect Riskonnect is the leading provider of integrated risk management software solutions. With advanced technology, Riskonnect enables organizations to anticipate, manage, and respond to strategic and operational risks in real time, across the entire enterprise. More than 2,700 customers in six continents rely on Riskonnect for unparalleled insights that drive better business outcomes. The company boasts a team of over 1,500 risk management experts operating in the Americas, Europe, and Asia-Pacific. For more information, visit riskonnect.com. For additional news and updates from Riskonnect, stay tuned on their official channels.