Azerbaijan Credit Bureau Obtains ISO/IEC 42001:2023 – International Certification for Artificial Intelligence Management Systems

Azerbaijan Credit Bureau LLC (ACB) has been awarded the ISO/IEC 42001:2023 certification – the international standard for Artificial Intelligence (AI) Management Systems.

The certification audit was conducted by CFECERT, a globally recognized certification body accredited by the United Kingdom Accreditation Service (UKAS).

As part of the certification process, ACB's use of artificial intelligence technologies, its governance policies for AI-based products and services, the ethical and secure use of data, AI risk assessment practices, and relevant procedures were thoroughly assessed for compliance with the requirements of the ISO/IEC 42001:2023 international standard. The results confirmed that ACB fully meets the advanced governance and operational standards required for responsible AI management.

This certification reaffirms ACB’s commitment to innovation, transparency, and proactive risk management. As a trusted partner within the banking and financial ecosystem, ACB continues to ensure that its AI-driven solutions are implemented in alignment with global standards. This milestone further enhances the quality and reliability of the services offered to ACB’s partners and all data users.

Established in 2018 by eight founding banks, Azerbaijan Credit Bureau now collaborates with over 270 organizations. ACB collects, analyzes, and processes data on individuals and legal entities to help its clients – both corporate and individual – assess potential customers, monitor the behavior of existing clients, and manage portfolios through advanced analytical solutions, thereby minimizing risks. In parallel, ACB compiles and analyzes data received from information providers and delivers it in the form of credit reports upon request, effectively contributing to reduced financial asymmetry and enhanced credit risk mitigation.