Financial Software and Systems has become the first payments company in India, the Middle East, Asia Pacific, and South Africa to get ISO IEC 42001 Certification Lead status.
ISO IEC 42001 is a global standard for artificial intelligence management systems.
The certification confirms that FSS follows a structured and organisation-wide system for managing artificial intelligence.
Artificial intelligence at FSS is used for fraud detection, transaction monitoring, dispute handling, and automation.
The standard focuses on fairness, transparency, accountability, and risk control in artificial intelligence use.
The certification was assessed and approved by TUV SUD.