Financial Software and Systems Becomes First Payments Firm Certified Across India, Middle East, APAC, South Africa
On 6 January 2026, Financial Software and Systems (FSS), a payment solutions and transaction processing firm, received ISO/IEC 42001 certification for responsible AI use, becoming the first payments company across India, the Middle East, Asia-Pacific and South Africa to do so. ISO/IEC 42001, developed by ISO and IEC, sets AI Management Systems governance for ethical, transparent, accountable and explainable AI, addressing bias, harmful outcomes and compliance failures in fraud detection, transaction monitoring, risk assessment and customer authentication.
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