Question 1

What is AI governance?

Accepted Answer

AI governance is a framework of policies, processes, and controls that organizations implement to manage AI systems responsibly. It covers risk management, compliance, ethical use, and operational oversight of AI initiatives.

Question 2

Why do regulated enterprises need AI governance?

Accepted Answer

Regulators worldwide (OSFI, EU, SEC) are increasingly requiring AI governance frameworks. Without proper governance, organizations face compliance violations, reputational damage, and operational risks from uncontrolled AI deployments.

Question 3

What is NIST AI RMF?

Accepted Answer

The NIST AI Risk Management Framework (AI RMF) is a voluntary framework from the U.S. National Institute of Standards and Technology that helps organizations manage AI risks. It covers governance, mapping, measuring, and managing AI risks.

Question 4

How does ISO 42001 relate to AI governance?

Accepted Answer

ISO 42001 is an international standard for AI management systems. It provides requirements for establishing, implementing, maintaining, and continually improving an AI management system, complementing regulatory requirements like OSFI and EU AI Act.

Question 5

What is the EU AI Act?

Accepted Answer

The EU AI Act is European legislation that regulates AI systems based on risk level. It requires high-risk AI systems to undergo conformity assessments, maintain documentation, and implement governance controls.

Question 6

How long does it take to build an AI governance program?

Accepted Answer

Timeline depends on organizational maturity and scope. Foundation programs typically take 3-6 months. Full framework builds can take 6-12 months. Ongoing governance is a continuous process.

Question 7

Can Aeon help with specific regulatory frameworks?

Accepted Answer

Yes. We specialize in OSFI guidance, EU AI Act compliance, NIST AI RMF implementation, ISO 42001 certification, and sector-specific requirements for banking, insurance, fintech, and capital markets.

Question 8

What industries do you serve?

Accepted Answer

We work with banks, credit unions, insurers, fintechs, payment processors, capital markets firms, healthcare organizations, energy companies, and other regulated enterprises in North America and globally.

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