Jumio will leverage LatticeFlow AI’s AI platform to reinforce the protection and robustness of the Jumio Platform.
The Jumio Platform delivers automated, AI-driven id verification, threat alerts and compliance options, whereas LatticeFlow allows reliable AI techniques, the businesses mentioned in a Thursday (Nov. 7) press release.
The LatticeFlow AI Vision resolution will validate mannequin efficiency and reliability, with its laptop imaginative and prescient capabilities serving to Jumio enhance mannequin equity, cut back fraud and meet rising regulatory necessities, together with these of the European Union’s (EU) Synthetic Intelligence Act, in response to the discharge.
“By partnering with LatticeFlow AI, we’re taking a proactive strategy to figuring out potential dangers and enhancing the safety of our AI fashions,” Alix Melchy, vice chairman of AI at Jumio, mentioned within the launch. “This partnership isn’t just about enhancing efficiency — it’s about staying forward of trade rules and guaranteeing compliance with rising AI requirements.”
Tom Ulrich, senior vice chairman and normal supervisor of North America at LatticeFlow AI, mentioned within the launch: “Our collaboration allows Jumio to speed up AI innovation, whereas guaranteeing compliance with upcoming rules just like the EU AI Act.”
The EU’s AI Act got here into pressure Aug. 1, establishing the world’s first complete regulatory framework for AI and setting new compliance requirements for companies worldwide, PYMNTS reported on the time.
The AI Act contains stringent regulations in areas reminiscent of cybersecurity resilience and the prevention of discriminatory outputs. Corporations that fail to satisfy the necessities of the AI Act may face fines of as much as €35 million ($38 million) or 7% of their international turnover.
It was reported in October {that a} new compliance testing framework developed by LatticeFlow AI revealed potential vulnerabilities in AI models, together with some in important areas like cybersecurity and bias prevention that might expose tech giants to substantial penalties underneath EU regulatory necessities.
The findings come at a important time because the EU works to determine enforcement pointers for its AI rules by spring 2025. The LatticeFlow framework, welcomed by EU officers as a “first step” in implementing the brand new legal guidelines, affords corporations a roadmap for compliance whereas highlighting the challenges forward in aligning AI growth with regulatory calls for.
