Riskonnect, a provider of integrated risk management (IRM) solutions, has announced the introduction of its new AI Governance solution, designed to help organizations manage the risks and compliance obligations associated with artificial intelligence technologies while fostering innovation. As AI adoption accelerates, organizations face increasing pressure to ensure the responsible, ethical, and transparent use and development of AI tools. Riskonnect’s AI Governance solution addresses this by providing a structured methodology for leveraging AI in a safe and compliant manner, helping organizations demonstrate control over AI use while advancing strategic initiatives.
Kathryn Carlson, Chief Product Officer at Riskonnect, stated, “AI has the power to unlock extraordinary value, but only if it’s governed with intention and integrity. Our new AI governance capabilities are built to help organizations turn uncertainty into opportunity by embedding responsible AI oversight into the fabric of their risk strategy. This new solution is all about enabling innovation safely, ethically, and transparently.”
Integrated within Riskonnect’s broader risk management suite and its Governance, Risk & Compliance (GRC) platform, the AI Governance solution offers a centralized approach for departments to manage AI use across the organization. Recognizing that AI risk is inherently cross-functional, the solution facilitates collaborative governance among risk, legal, IT, and other business units, breaking down traditional silos. Organizations can manage AI risk alongside existing cybersecurity, third-party, operational, and compliance risks as part of a unified risk management strategy.
Riskonnect’s AI Governance solution aims to build trust in AI by enabling organizations to stay ahead of new and evolving AI regulations. It includes preloaded compliance frameworks and standards such as the EU AI Act, GDPR, ISO 42001, and NIST AI RMF, complemented by adaptive compliance workflows. Users can customize and enforce AI policies to align with industry-specific risks, organizational needs, and external requirements. The solution also supports automated audits to ensure accountability across AI systems, maintain records of AI decisions and actions for transparency, and monitor AI risk and ethics by detecting bias, model drift, and anomalies early, tracking performance trends, and scoring AI risk to drive timely mitigation. Additionally, prebuilt approval workflows track AI usage requests to promote responsible innovation.
Riskonnect continues to invest in forward-looking and responsible innovation designed to help organizations build trust and resilience in an AI-driven world. By embedding AI governance into its broader integrated risk management framework, the company positions customers to move with agility and confidence without sacrificing oversight or integrity. The solution democratizes responsible AI oversight, making AI risk management accessible to non-technical teams while satisfying technical, regulatory, and executive stakeholders.
“AI governance isn’t just about compliance – it lays the foundation for responsible and scalable AI use that supports broader business goals. It’s a strategic enabler and an imperative. Similar to how cybersecurity became a board-level issue over the past decade, AI governance is emerging as the next defining challenge,” Carlson added.
Riskonnect is an integrated risk management software solution provider. The company’s technology is designed to empower organizations with the ability to anticipate, manage, and respond in real time to strategic and operational risks across the extended enterprise. With more than 2,700 customers across six continents, Riskonnect employs over 1,500 risk management experts in the Americas, Europe, and Asia-Pacific.
