Cryptocurrency exchange KuCoin has secured ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). This development marks a new step in the exchange's efforts to strengthen how artificial intelligence is managed across its global platform.
As AI becomes more common in financial services, exchanges increasingly utilize the technology for functions such as fraud detection, anti-money laundering, risk management, market monitoring, customer support, and operational processes. Consequently, establishing clear rules around how AI is developed and utilized has become essential.
KuCoin Strengthens Its AI Governance Framework
ISO/IEC 42001 is the first international standard specifically designed for managing artificial intelligence systems. It provides a structured framework for organizations to oversee AI responsibly, focusing on accountability, transparency, risk management, and ongoing improvement.
The certification covers KuCoin's AI management system and the organizational functions supporting it. According to the company, the framework is designed to help ensure that AI is deployed and monitored consistently and responsibly across its operations.
“AI is becoming a foundational capability of digital financial infrastructure, but greater capability must be matched by greater responsibility,” said BC Wong, CEO of KuCoin. He added that the future of AI in the industry depends on technological progress alongside building greater trust around its use.
This new certification adds another layer to KuCoin's existing security and operational standards. The exchange already holds ISO/IEC 27001 certification for information security, SOC 2 Type II attestation, and ISO 22301 certification for business continuity.
