AI Risk Management

Veritran's AI risk management identifies, classifies and controls the risks associated with the use, development, integration and acquisition of AI systems, tools and agents. Each use case is classified specifically, considering its intended purpose, level of autonomy, data processed, potential impact on users, customers or third parties, operational criticality, integration with production systems and the role Veritran assumes. Not every AI-based feature is considered high risk simply because it is used in the financial sector: when a system may qualify as high risk under applicable regulations, Veritran applies enhanced controls for governance, data quality and governance, traceability, documentation, human oversight, cybersecurity, monitoring, change management and supplier control.