FAQ - VerifyWise

VerifyWise Frequently Asked Questions

What is VerifyWise?

VerifyWise is an open-source 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. It supports everything from documentation and risk tracking to bias checks and vendor evaluations.
Who is VerifyWise for?

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.
Is VerifyWise open source or a paid product?

VerifyWise is fully open source. We also offer a SaaS version with no setup hassle, added features like managed backups, secure hosting, and faster updates. Both versions share the same core codebase.
What’s the difference between the open-source and SaaS version of VerifyWise?

- Open-source: Free to use, self-hosted, requires technical setup.
- SaaS: Hosted and maintained by us, includes tenant isolation, encrypted storage, regular updates, and priority support.
- Enterprise: Includes everything in SaaS, plus custom onboarding, premium support SLAs, advanced integrations (e.g. SSO, LeanIX, ServiceNow), dedicated infrastructure if needed, and tailored compliance reporting. Best for regulated industries or large organizations with strict requirements.
All 3 versions include the core features for AI governance.
How do I start using VerifyWise?

If you’re using the SaaS version, just sign up and create your organization workspace. For the open-source version, follow our GitHub setup guide to install VerifyWise on your own infrastructure.
What types of AI systems can I register?

You can register any AI system - from simple ML models to complex generative systems or third-party vendor solutions. Each system record supports documentation, assessments, risks, and more.
Is VerifyWise suitable for high-risk AI systems under the EU AI Act?

Yes. VerifyWise includes workflows tailored for high-risk AI systems, including documentation, conformity assessment tracking, and audit readiness.
Do you offer onboarding or support?

Yes. SaaS and Enterprise users get onboarding help and access to support. Open-source users can use the Discord server for community support.
Can I migrate from open-source to SaaS later?

Absolutely. We can export your data and import it into a managed SaaS workspace anytime.

What compliance frameworks does VerifyWise support?

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

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.
Can I manage ISO 42001 compliance with VerifyWise?

Yes. VerifyWise includes an ISO 42001 module that helps document AI policies, assign roles, track controls, and perform internal audits. It’s tailored to help organizations build an AI Management System (AIMS).
Does VerifyWise help assign responsibilities for AI governance?

Absolutely. Each AI system and compliance record can have assigned owners, contributors, reviewers, and approvers. You can track accountability across lifecycle events like development, deployment, and retirement.
Can I upload and store documentation like DPIAs, conformity reports, and audit logs?

Yes. You can upload files or link external documentation to any AI system or assessment. All attachments are versioned and access-controlled.
Can I track when AI systems are retrained, updated, or decommissioned?

Yes. VerifyWise allows you to log major lifecycle events, add change notes, and attach related documentation. These updates help show ongoing governance and change control.
Does VerifyWise support audit readiness?

Yes. It stores all compliance data in an exportable format (reports). You can generate audit reports showing how and when assessments were completed, who was responsible, and what evidence was collected.
How often should I update my assessments?

That depends on your internal policies and the nature of the AI system. We recommend re-assessing during major system changes or at least once a year. You can also set review reminders in the platform.

What core features does VerifyWise offer?
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 (development, deployment, updates, retirement)
- Reporting and dashboarding
- Role-based access control
Can I track the full lifecycle of an AI system?

Yes. You can document major lifecycle events like development, training, deployment, retraining, and decommissioning. Each event can include notes, attachments, responsible parties, and timestamped history.
Is there a built-in risk register for VerifyWise?

Yes. You can maintain a risk register at the system level and organization level. Risks can be categorized, scored, assigned to owners, and linked to mitigation plans.
Are conformity assessments supported?

Yes. The platform includes guided workflows for documenting conformity assessments under the EU AI Act. This includes self-assessment, human oversight, post-market monitoring plans, and more.
What kind of vendor tracking is supported?

You can list vendors, describe their AI systems, attach contracts or data protection agreements, and assess compliance. You can also attach risks to vendors.
Is there reporting or dashboard functionality?

Yes. You can view dashboards showing system risk levels, compliance coverage, unresolved gaps, and vendor risk scores.
Is there version control or change history for records?

Yes. Every compliance entry, document, and lifecycle event is versioned and time-stamped using Audit Logs.
Does VerifyWise support multi-language?

Yes. The UI is being internationalized. English, German, Spanish French are available now, with more languages in development.

Is VerifyWise free to use?

Yes. The open-source edition is completely free and available on GitHub. You can self-host it and use all core features without cost.
What paid plans are available?
We offer a SaaS edition and an Enterprise edition:
- SaaS: Hosted by us, includes security hardening, managed backups, tenant isolation, and access to the latest features without setup hassle.
- Enterprise: Includes everything in SaaS plus premium support, custom onboarding, SSO, advanced integrations and dedicated infrastructure if needed.
How much does the SaaS version cost?

Pricing is currently being finalized. For now, access to the full platform is free for early adopters who sign up during launch. Paid plans will be announced soon and will remain competitive for organizations of all sizes.
Can I switch from open-source to SaaS later?

Yes. You can export your data from your self-hosted instance and import it into the SaaS platform. We’ll offer migration support when needed.
What is the license for the open-source version?

VerifyWise is licensed under the AGPL-3.0 license. This ensures open collaboration while protecting the codebase from being used in closed-source commercial forks.
Are there usage limits on the open-source version?

No. You can run it with unlimited users, projects, or systems. The only limitation is your own infrastructure capacity.
Do I need a commercial license to use VerifyWise in my company?

No, unless you require support, SLA guarantees, or enterprise-specific features. Many companies use the open-source version internally. For critical deployments, we recommend the SaaS or Enterprise edition.
Is there a free trial for the SaaS or Enterprise edition?

Yes. You can sign up and use the SaaS version for free during our launch phase. For Enterprise, we offer pilots and proof-of-concept access upon request.
Is pricing based on number of AI systems, users, or something else?

Pricing will likely be based on a mix of the number of AI systems tracked and feature tiers (e.g. standard vs enterprise). Final details will be shared when subscriptions go live.
Where can I request a quote or contact sales?

You can email us at hello@verifywise.ai for early pricing details, partnership requests, or custom quotes.