FSS Becomes First Payments Company in India, ME, APAC, SA to Receive ISO/IEC 42001 Certification
On January 6, 2026, Financial Software and Systems (FSS), a payment solutions and transaction processing company, has become the first payments company in India, the Middle East (ME), Asia-Pacific (APAC), and South Africa (SA) to earn the International Organization for Standardization (ISO)/ International Electrotechnical Commission (IEC) 42001 (ISO/IEC 42001) Certification.
On January 6, 2026, Financial Software and Systems (FSS), a payment solutions and transaction processing company, has become the first payments company in India, the Middle East (ME), Asia-Pacific (APAC), and South Africa (SA) to earn the International Organization for Standardization (ISO)/ International Electrotechnical Commission (IEC) 42001 (ISO/IEC 42001) Certification.
- The certification highlights FSS’s strong commitment to the responsible and trustworthy use of Artificial Intelligence(AI) across its digital payments platforms.
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- What? ISO/IEC 42001 Certification awarded
- Who? Financial Software and Systems (FSS)
- Significance: First Payment company in India, ME, APAC, SA
- Purpose: For ethical and responsible use of AI
About ISO/IEC 42001:
Overview: It is the world’s first international standard for Artificial Intelligence Management Systems (AIMS), and recognizes organizations that demonstrate responsible, ethical, and trustworthy use of AI.
Objective: It is aimed at ensuring responsible and ethical use of AI, establishing a structured governance framework, and ensuring AI systems are transparent, accountable, and explainable.
- It also includes mitigating risks such as bias, unintended outcomes, and regulatory non-compliance.
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