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The South Korean lender says the certified framework covers risk management from AI service planning through operation as it prepares to expand its use of AI.
South Korean lender K Bank has received ISO/IEC 42001 certification for a management system covering risks tied to the planning, development and operation of its AI services. The bank announced the certification on Oct. 19 and held an award ceremony at its headquarters on Oct. 16.
ISO/IEC 42001, established by the International Organization for Standardization and the International Electrotechnical Commission, sets out requirements for AI management systems. Its scope includes governance, risk and data management, security, ethics and transparency for organizations that develop or use AI.
K Bank said the certification recognizes that its processes for identifying and managing risks across the AI service lifecycle meet the international standard. The report did not detail the assessment or identify the specific AI services covered by the system.
The bank says it plans to keep developing its AI risk-management system and to expand AI use in customer services and internal work. A K Bank official said managing AI safely and responsibly becomes more important as its use grows.
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