KPMG Switzerland and LatticeFlow AI have entered a strategic partnership to advance AI risk assessments and help enterprises mitigate risks while ensuring regulatory compliance.
LatticeFlow AI is developing a platform designed to validate AI applications against emerging standards, such as the EU AI Act and more than 25 ISO AI standards.
KPMG Switzerland provides Audit, Tax & Legal and Advisory services, with more than 2,600 employees at 10 locations in Switzerland and one location in Liechtenstein.
The partnership combines KPMG Switzerland’s expertise in digital risk advisory services with LatticeFlow AI’s advanced technology.
It aims to provide a complete offering for AI risk assessments connecting the governance, business, and technical layers of AI risk management.
LatticeFlow AI CEO and co-founder Petar Tsankov said: “There’s a critical gap in the AI market for comprehensive technical AI risk assessments.
“Governance processes alone are insufficient to meet AI standards and regulations – companies need deeper analysis to ensure their models are reliable and compliant.
“This makes technical assessments an essential prerequisite for mitigating AI risks and demonstrating conformance with emerging regulations.”
According to LatticeFlow, there are growing concerns over the risks associated with AI systems, from bias and inaccuracies to legal liabilities.
However, no product on the market can thoroughly review these risks or provide deep technical validation to address emerging AI regulations and standards.
The enterprises have rapidly scaled AI applications this year, integrating hundreds of AI models into their operations, moving AI from pilot projects to full-scale production.
The risks associated with AI have become a top priority for businesses and regulators.
LatticeFlow and KPMG Switzerland partnership will evaluate mission-critical AI use cases as a key priority, including helping enterprises protect against emerging deepfake threats.
The deepfake threats pose challenges to digitisation and secure identity verification in financial and other highly regulated sectors.
In addition, KPMG Switzerland will use LatticeFlow AI’s platform to evaluate the strength of other business-critical AI applications, for accurate and reliable outcomes.
KPMG Switzerland partner and cyber and digital risk consulting head Matthias Bossardt said: “Our partnership with LatticeFlow AI enhances KPMG’s advisory services by providing a state-of-the-art platform for deep technical validation of AI models, ensuring organisations can meet emerging regulations and deploy AI systems with confidence.”
