AI has become inescapable over the past years, with the technology being integrated into tools that most people use every day. This has raised some important questions about the associated risks and benefits related to AI.

Those developing software and services that include AI are also coming under increasing scrutiny, from both consumers and legislators, regarding the transparency of their tools. This ranges from how safe they are to use to where the training data for their systems originates from.

This is especially true of already heavily regulated industries, such as the financial sector. Today's guest saw the writing on the wall while developing their unique AI software, that helps the financial sector detect fraud, and got a jump start on becoming accredited to the world's first best practice Standard for AI, ISO 42001 AI Management.

In this episode, Mel Blackmore is joined by Rachel Churchman, The Global Head of GRC at Umony, to discuss their journey towards ISO 42001 certification, including the key drivers, lessons learned, and benefits gained from implementation.   

You'll learn

·      Who is Rachel?

·      Who are Umony?

·      Why did Umony want to implement ISO 42001?

·      What were the key drivers behind gaining ISO 42001 certification?

·      How long did it take to implement ISO 42001?

·      What was the biggest gap identified during the Gap Analysis?

·      What did Umony learn from implementing ISO 42001?

·      What difference did bridging this gap make?

·      What are the main benefits of ISO 42001?

·      The importance of accredited certification

·      Rachel's top tip for ISO 42001 Implementation  

Resources

·      Umony

·      Isologyhub

In this episode, we talk about:

[02:05 ] Episode Summary – Mel is joined by Rachel Churchman, The Global Head of GRC at Umony, to explore their journey towards ISO 42001 certification.

[02:15 ] Who is Rachel?: Rachel Churchman is currently The Global Head of GRC (Governance, Risk and Compliance) at Umony, however keen listeners to the show may recognise her as she was once a part of the Blackmores team. She originally created the ISO 42001 toolkit for us while starting the Umony project under Blackmores but made the switch from consultant to client during the project.

[04:15 ] Who are Umony? Umony operate in the financial services industry. For context, in that industry every form of communication matters, and there are regulatory requirements for firms