As AI continues to transform business operations, governance and compliance have become urgent challenges. In response, AuditBoard, a leading AI-powered GRC platform, has announced its acquisition of FairNow, a specialized AI governance provider. This bold move aims to deliver a more complete solution for managing risk and compliance in the age of AI.
AuditBoard Acquires FairNow to Strengthen AI Governance Platform
AuditBoard’s acquisition of FairNow marks a significant expansion of its connected risk capabilities. By integrating FairNow’s end-to-end AI governance tools, AuditBoard strengthens its leadership in the growing GRC market. According to AuditBoard’s CEO Raul Villar Jr., this unification provides enterprises with a “comprehensive and modern solution” to manage AI-related risks across industries.
Integration Delivers Comprehensive AI Risk Compliance Tools
FairNow’s platform stands out for its streamlined AI registry, dynamic risk assessments, and intelligent automated compliance features. These tools will join AuditBoard’s existing natural-language workflows, continuous auditing, and document intelligence. The combined package aims to help organizations:
- Maintain compliance with global frameworks such as NIST and the EU AI Act
- Automate complex risk assessments and controls
- Simplify and accelerate AI auditing and reporting
Addressing Enterprise Needs Amid Growing AI Regulations
Recent findings from the AuditBoard Risk Intelligence Report revealed that less than 30% of business leaders feel prepared for new AI regulations. With AI policies evolving worldwide, the need for robust governance is critical. The AuditBoard-FairNow integration directly responds to this need, delivering automated, step-by-step compliance guidance and helping companies stay ahead of regulatory changes.
This acquisition positions AuditBoard as a key player in AI governance and risk management. As AI adoption accelerates, organizations can look to this unified platform to manage risk, maintain compliance, and confidently embrace innovative technologies.
Don’t miss our latest Startup News: Caylent Acquires Trek10 to Strengthen AWS Expertise and Services