Jumio has partnered with LatticeFlow AI to enhance the security and reliability of its identity verification platform. This collaboration focuses on using LatticeFlow’s advanced AI technology to improve model fairness and reduce fraud, helping Jumio comply with new regulations, especially the EU’s Artificial Intelligence Act. With these improvements, Jumio aims to proactively identify risks and ensure its AI models remain compliant as the regulatory landscape evolves. Alix Melchy from Jumio emphasized the importance of staying ahead of industry standards, while Tom Ulrich from LatticeFlow noted that this partnership will accelerate AI innovation within a compliant framework. Overall, this alliance seeks to offer safer solutions in the ever-changing realm of AI technologies.
Jumio, a leader in identity verification, is teaming up with LatticeFlow AI to enhance the security and effectiveness of its platform. This partnership aims to improve Jumio’s automated identity verification and compliance solutions by utilizing LatticeFlow’s AI technology. According to a press release from November 7, the collaboration will focus on validating model performance and reducing fraud while ensuring adherence to new regulations, like the EU’s Artificial Intelligence Act.
Alix Melchy, Jumio’s Vice President of AI, stated that this partnership takes a proactive stance on risk management, ensuring that their AI models remain secure and compliant. Tom Ulrich from LatticeFlow AI expressed that this collaboration will help Jumio speed up innovations while staying aligned with upcoming regulations.
With the AI Act recently coming into effect, it sets the framework for AI regulations, emphasizing cybersecurity and preventing biased outcomes. Companies failing to meet these standards could face significant fines, underlining the importance of this collaboration in navigating the evolving regulatory landscape.
This partnership marks a crucial step as both companies work towards ensuring that AI technology is both effective and compliant with global standards.
Tags: AI, AI compliance, Jumio, LatticeFlow AI, EU AI Act, digital identity, cybersecurity, news
What is LatticeFlow AI?
LatticeFlow AI is a tool that helps companies check and improve their AI systems. It makes sure that these systems are safe and fair to use.
How does LatticeFlow AI help Jumio?
LatticeFlow AI assists Jumio by providing the technology and guidance needed to meet the rules of the EU AI Act. This helps Jumio keep its AI solutions compliant and trustworthy.
What is the EU AI Act?
The EU AI Act is a set of laws in Europe that aim to regulate the use of artificial intelligence. It focuses on ensuring that AI systems are safe, ethical, and respect people’s rights.
Why is compliance with the EU AI Act important for Jumio?
Complying with the EU AI Act is important for Jumio to avoid legal issues and penalties. It also helps build trust with customers who want to know their AI is reliable and safe.
How does LatticeFlow AI ensure AI systems are safe?
LatticeFlow AI uses advanced methods to test and analyze AI systems. It checks for problems and helps fix them before the AI is used, ensuring safety and compliance with the EU AI Act.
