AuditBoard Acquires FairNow to Expand AI Governance Capabilities
AuditBoard has reached a definitive agreement to acquire FairNow, Inc., announced in a press release. FairNow provides an AI governance platform designed to simplify compliance and risk management for organizations adopting artificial intelligence.
The acquisition will integrate FairNow’s automated AI compliance tools and governance workflows into AuditBoard’s connected risk platform. This combination aims to deliver a unified, AI-first system for managing enterprise risk, including compliance with frameworks such as the NIST AI Risk Management Framework, ISO/IEC 42001, and the EU AI Act.
AuditBoard stated that the deal coincides with the launch of its new AI solution, Accelerate, for governance, risk, and compliance teams. The company said the integration of FairNow’s technology strengthens its ability to provide continuous monitoring, automated risk assessments, and intelligent compliance support across industries.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like Daily AI Brief.
Also, consider following us on social media:
Subscribe to Daily AI Brief
Daily report covering major AI developments and industry news, with both top stories and complete market updates
Whitepaper
Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions
This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.
Read more