Enterprise AI governance and enablement across global regulatory frameworks
EU AI ActNIST AI RMFISO/IEC 42001
FairNow
End-to-end AI governance with registry, risk assessment and automated compliance
What FairNow does
FairNow is a purpose-built AI governance platform that streamlines end-to-end oversight through a centralized AI registry, dynamic risk assessments, and intelligent, automated compliance guidance. Founded in 2023 by Guru Sethupathy and based in McLean, Virginia, FairNow targeted organizations that wanted step-by-step, automated help mapping AI systems to obligations under regulations such as the EU AI Act, NIST AI RMF, ISO/IEC 42001, and emerging US state laws like Colorado's SB 205, with particular traction in areas like automated employment decision tools and financial services. The platform's differentiator was making governance approachable and largely self-service: guided workflows that tell teams what controls and evidence a given use case needs, rather than leaving them to interpret frameworks unaided. In October 2025, AuditBoard announced the acquisition of FairNow to expand its AI governance capabilities within its broader connected-risk platform, folding FairNow's automated AI compliance guidance into AuditBoard's audit, risk, and compliance suite. As a result FairNow now sits inside a large enterprise GRC incumbent, which strengthens its distribution and integration story while shifting it from an independent startup to part of a bigger platform.
Key capabilities
- Centralized AI registry
- Dynamic, use-case-based risk assessments
- Automated step-by-step compliance guidance
- Bias and model risk monitoring
- Regulatory framework mapping
- Governance reporting
Best for
Teams wanting guided, automated compliance for specific AI regulations, now especially attractive to organizations already using AuditBoard's GRC platform.
Limitations
Following the AuditBoard acquisition its roadmap and availability are tied to that platform, which may reduce appeal for buyers seeking a standalone, vendor-neutral governance tool.
Framework coverage
| Framework | Type | Supported |
|---|---|---|
| EU AI Act | Regulation | Yes |
| NIST AI RMF | Voluntary framework | Yes |
| ISO/IEC 42001 | Certifiable standard | Yes |
| Colorado SB 205 | Regulation | Yes |
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