Riskonnect Launches AI Governance Capabilities for the Next Era of Risk

New AI governance solution enables organizations to responsibly harness AI and balance innovation with oversight, compliance, and control

Riskonnect, the leader in integrated risk management (IRM) solutions, today announces the launch of its AI Governance solution. The new capabilities, which are integrated within Riskonnect’s broader risk management suite, enable organizations to manage the risks and compliance obligations of AI technologies with confidence and without limiting innovation.

As AI adoption accelerates, organizations face mounting pressure to ensure responsible, ethical, and transparent use and development of AI tools. Riskonnect’s AI Governance solution meets that challenge head on, helping its customers apply a structured methodology to ensure they’re leveraging AI in a safe and compliant way. The new solution helps organizations demonstrate control of AI use while advancing strategic initiatives and innovation.

“AI has the power to unlock extraordinary value, but only if it’s governed with intention and integrity,” said Kathryn Carlson, chief product officer at Riskonnect. “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."

Riskonnect integrates AI governance directly into its Governance, Risk & Compliance platform and provides a centralized way for departments to manage the use of AI within the organization. Given AI risk is cross-functional, Riskonnect helps organizations break down silos and govern AI collaboratively across risk, legal, IT, and the broader business. Organizations can manage AI risk alongside cybersecurity, third-party, operational, and compliance risk as part of a unified risk management strategy.

Riskonnect’s AI Governance solution empowers trust in AI and enables organizations to:

• Stay ahead of new and evolving AI regulations. Apply preloaded compliance frameworks and standards including the EU AI Act, GDPR, ISO 42001, and NIST AI RMF and leverage adaptive compliance workflows.
• Customize and enforce AI policies. Tailor governance to align with industry-specific risks, organizational needs, and external requirements.
• Run automated audits. Ensure accountability across AI systems and maintain a record of AI decisions and actions for transparency and compliance.
• Monitor AI risk and ethics. Detect bias, model drift, and anomalies early, track performance trends, and score AI risk to drive timely mitigation and reliable governance.
• Track AI usage requests. Promote responsible innovation with prebuilt approval workflows.

Riskonnect continues to invest in forward-looking and responsible innovation that helps organizations build trust and resilience in an AI-driven world. By embedding AI governance into its broader integrated risk management framework, Riskonnect positions customers to move fast and with confidence – without sacrificing oversight or integrity. The new solution also democratizes responsible AI oversight and makes 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,” added Carlson.

Learn more about how Riskonnect enables responsible AI use.

About Riskonnect

Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real time to strategic and operational risks across the extended enterprise.

More than 2,700 customers across six continents partner with Riskonnect to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 1,500 risk management experts in the Americas, Europe, and Asia-Pacific. To learn more, visit riskonnect.com.

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