Zurich, Switzerland, October 10th, 2024. KPMG Switzerland and LatticeFlow AI have signed a strategic partnership to accelerate AI risk assessments and help enterprises mitigate risks while ensuring regulatory compliance.
As AI adoption surges across industries, companies face growing concerns over the risks associated with AI systems, from bias and inaccuracies to legal liabilities. Moreover, regulations such as the EU AI Act have entered into force earlier this year, placing hard compliance deadlines for all high-risk AI applications. However, no product on the market can thoroughly assess these risks or provide the deep technical validation required to meet emerging AI regulations and standards.
“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,” said Dr. Petar Tsankov, CEO and Co-Founder of LatticeFlow AI.
In 2024, enterprises rapidly scaled AI applications, integrating hundreds of AI models into their operations. As AI moves from pilot projects to full-scale production, the associated risks have become a top priority for businesses and regulators alike. Recent legal cases involving AI bias and inaccuracies have further highlighted the need for robust risk management. Governments worldwide are accelerating efforts to establish AI regulations and standards, yet most businesses still struggle to meet these evolving requirements.
The partnership combines KPMG Switzerland’s leading expertise in digital risk advisory services with LatticeFlow AI’s advanced technology to provide a comprehensive offering for AI risk assessments connecting the governance, business and technical layers of AI risk management.
“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 organizations can meet emerging regulations and deploy AI systems with confidence,” said Dr. Matthias Bossardt, Partner and Head of Cyber & Digital Risk Consulting at KPMG Switzerland.
A key priority for the partnership will be evaluating mission-critical AI use cases, including helping enterprises protect against emerging deepfake threats, which pose challenges to digitization and secure identity verification in financial and other highly regulated sectors. Additionally, KPMG Switzerland will leverage LatticeFlow AI’s platform to assess the robustness of other business-critical AI applications, ensuring the accuracy and reliability of outcomes, which are essential for achieving desired business outcomes.
AI governance is evolving, but without deep technical assessments, businesses cannot fully mitigate AI risks or ensure compliance. LatticeFlow AI’s platform bridges the gap between Governance, Risk, Compliance (GRC) and Machine Learning Operations (MLOps), enabling companies to integrate robust technical checks into their governance frameworks. This approach ensures that AI systems are not only compliant but also deliver business value with confidence.
About KPMG Switzerland
With over 2,600 employees at 10 locations in Switzerland and one location in Liechtenstein, KPMG Switzerland is a leading service provider in the areas of Audit, Tax & Legal and Advisory. Our clients benefit from our tailored solutions and our strategic alliances with technology partners that support our audit and non-audit services alike. In the 2023 financial year, KPMG Switzerland generated net sales of CHF 527.1 million. On an international level, we operate in 143 countries and territories and have more than 273,000 partners and people working in member firms around the world.
About LatticeFlow AI
LatticeFlow AI is developing the world’s first platform designed to validate AI applications against emerging standards like the EU AI Act and over 25 ISO AI standards. By ensuring rigorous validation of AI data and models, we help organizations mitigate risks and meet regulatory requirements. Founded on deep tech from ETH Zurich, LatticeFlow AI has raised over $17 million from top US and European investors. Our customers include the US Army, Singaporean Defense, Siemens Mobility, and AI scaleups like Actuate. Our platform has earned global recognition, including the US Army Global Award and twice being named to CBInsights’ AI100 list of the world’s most innovative AI companies.
