ABBYY Strengthens AI Compliance and Risk Management with Public AI Risk Management Policy
ABBYY, a leader in intelligent document processing and AI technology, is addressing the growing need for organizations to comply with evolving artificial intelligence (AI) regulations by publicly releasing its AI Risk Management Policy.
This move is in response to increasing global regulatory demands and aims to provide organizations with clear guidance on managing AI-related risks in document processing. As AI technologies become more integrated into business operations, compliance with regulatory standards and risk management have become crucial challenges for organizations.
Accenture data reveals that 77% of C-suite executives prioritize AI regulation, with 39% citing challenges from working with external partners on compliance. ABBYY's proactive release of its risk management policy aims to build trust, transparency, and accountability in its AI solutions, fostering innovation while mitigating potential risks to individuals and society.
Transparent AI Performance and Security
ABBYY is committed to maintaining data security, integrity, and privacy throughout the processing of AI workloads. According to Roman Kilun, Chief Compliance Officer at ABBYY, the company provides customers with transparent performance metrics and documentation of the steps taken to ensure security and compliance in AI technologies.
This transparency helps customers navigate complex regulatory landscapes and AI audits, contributing to responsible AI deployment.
Clayton C. Peddy, Chief Information Security Officer, "By releasing our AI risk management policy, we are demonstrating to our customers ABBYY’s commitment to responsible AI development, deployment, and governance to align with ethical, legal, and regulatory standards while mitigating risks to individuals and society.”
Collaboration with For Humanity and Law+Data
In addition to releasing its own policy, ABBYY is partnering with ForHumanity, a nonprofit organization, to offer a Model Risk Management (MRM) solution.
This solution is designed to help organizations improve compliance, governance, and the mitigation of risks associated with AI systems.
Through its partnership with Law+Data, a law firm specializing in data privacy, e-discovery, and AI governance, ABBYY is increasing the auditability and traceability of AI compliance processes. Together, they are working on solutions aimed at enhancing AI governance in critical sectors such as credit decisioning.
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Recognition and Industry Leadership
ABBYY was recently named a Leader in Everest Group's Intelligent Document Processing (IDP) and Banking and Financial Services (BFS)-specific IDP Products PEAK Matrix® Assessment 2025.
ABBYY's capability to embed business process reporting and quality analytics features into ABBYY Timeline was emphasized as a strong suit, giving organizations insight into how well document processing systems are performing.
