♦ Financial Software and Systems (FSS) has become the first payments company in India, the Middle East, APAC and South Africa to be certified as an ISO IEC 42001 Certification Lead, reinforcing its leadership in responsible and ethical use of artificial intelligence (AI) in payments and banking technology. By achieving ISO IEC 42001 Certification, FSS signals a shift from ad-hoc AI usage to a structured, enterprise-wide AI governance model, positioning AI governance alongside information security and quality management as a core business priority.

♦ AI is deeply embedded across FSS's platforms, supporting use cases such as fraud detection, transaction monitoring, reconciliation, dispute management, and operational automation. By aligning with ISO IEC 42001, FSS has implemented structured oversight across the entire AI lifecycle, ensuring that AI systems are continuously monitored after deployment and assessed for risks such as bias, unintended outcomes, and regulatory non-compliance.