ABBYY is addressing the growing complexity of AI compliance standards by publicly sharing its AI Risk Management Policy and collaborating with partners to offer innovative solutions that simplify monitoring AI-related risks in document processing. With 77% of global C-suite executives prioritizing AI regulation and 39% identifying partner collaboration as a compliance challenge (Accenture data), ABBYY’s transparent approach promotes innovation while minimizing potential harm. This commitment fosters trust, transparency, and accountability across ABBYY’s AI systems.
Clayton C. Peddy, Chief Information Security Officer at ABBYY, stated:
“By releasing our AI risk management policy, ABBYY underscores its dedication to responsible AI development, governance, and deployment aligned with ethical and legal standards, mitigating risks to individuals and society.”
Roman Kilun, Chief Compliance Officer, added:
“We provide transparent AI performance metrics and document our data security, integrity, and privacy measures to support customers’ digital transformations and compliance journeys. Our collaboration with nonprofit organizations further ensures solutions remain economically viable and socially responsible.”
ABBYY is collaborating with ForHumanity to offer a Model Risk Management (MRM) solution enhancing governance and compliance for customers. Ryan Carrier, Chairman of ForHumanity, commented:
“ABBYY leads in executing an AI risk policy aligned with the EU AI Act, actively assessing risks and establishing continuous AI system monitoring through automated and manual processes. Our partnership supports organizations in reducing AI-related risks while fostering responsible innovation and consumer trust.”
Further, ABBYY partners with Law+Data, specializing in data privacy and AI governance law, to improve auditability and traceability of AI compliance workflows through ABBYY Process Intelligence. This partnership initially targets credit decisioning solutions.
ABBYY’s leadership was recently affirmed by Everest Group’s Intelligent Document Processing and Banking and Financial Services PEAK Matrix® Assessment 2025, highlighting its integration of advanced analytics and business process reporting to optimize document processing performance.
Organizations interested in deepening their understanding of AI risk governance can register for the ForHumanity webinar, “Cracking the Code: Governance for Model Risk Management in the Age of AI,” on June 12 at 11:00 a.m. EST.
