VerifyWise AI Governance Platform - Frequently Asked Questions

Question 1

What is VerifyWise?

Accepted Answer

VerifyWise is an AI governance platform that helps organizations manage AI risks, ensure compliance with laws like the EU AI Act and ISO 42001, and build trustworthy AI systems.

Question 2

Who is VerifyWise for?

Accepted Answer

It's designed for GRC teams, AI ethics people, compliance officers, legal teams, data protection officers, and anyone responsible for managing AI risks or ensuring AI system compliance.

Question 3

What compliance frameworks does VerifyWise support?

Accepted Answer

VerifyWise supports the EU AI Act, ISO 42001 and soon NIST AI RMF framework. If you would like to see a new framework, please contact us and we'll implement in 10 business days.

Question 4

How do I assess an AI system under the EU AI Act?

Accepted Answer

Each registered AI system can be assessed using a built-in checklist aligned with EU AI Act requirements. You can document intended purpose, risk classification, technical documentation, data governance, human oversight, and conformity assessment evidence.

Question 5

What core features does VerifyWise offer?

Accepted Answer

VerifyWise includes: AI system registry, Risk register and risk assessments, EU AI Act and ISO 42001 workflows, Bias and fairness checks, Vendor management & vendor risks, Documentation and audit evidence tracking, Lifecycle tracking, Reporting and dashboarding, Role-based access control.

Question 6

Is VerifyWise free to use?

Accepted Answer

VerifyWise can be self-hosted and is free for internal use only. It cannot be used for commercial purposes or distributed to third parties. We also offer a SaaS version with no setup hassle, added features like managed backups, secure hosting, and faster updates.

Frequently Asked Questions

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