BlackLine® Sets New Standard for Trusted AI in Finance with ISO 42001 Certification
Rhea-AI Summary
BlackLine (Nasdaq: BL) has achieved ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System, becoming a pioneer in the financial technology sector. This certification validates the governance and trust framework of their Studio360™ platform, which powers their newly launched Verity™ AI suite.
The certification demonstrates BlackLine's commitment to developing AI with stringent standards of ethics, transparency, and accountability. This achievement adds to BlackLine's existing security certifications, including ISO 27001, 27017, 27018, 27701, and SOC 1 and SOC 2 Type 2 reports. The company's AI governance is further supported by strategic partnerships with leading auditing and advisory firms.
Positive
- First company to achieve ISO/IEC 42001:2023 certification for AI management in finance
- Launch of new Verity AI suite with embedded, auditable AI capabilities
- Comprehensive security infrastructure with multiple ISO certifications
- Strategic partnerships with leading auditing and advisory firms
Negative
- None.
News Market Reaction
On the day this news was published, BL declined 1.70%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
First-of-its-kind AI management certification validates the trust and governance of the Studio360™ platform, the foundation for BlackLine's Verity™ AI.
The announcement coincides with the launch of Verity, a new suite of embedded, auditable AI. Built upon the trusted foundation of BlackLine's Studio360 platform, the ISO 42001 certification validates the robust governance framework and "Control Layer for AI" that BlackLine has built into its platform, ensuring its AI is developed and managed with the highest standards of ethics, transparency, and accountability.
"Talk about trusted AI is easy; proving it is what matters. This ISO 42001 certification is that proof," said Owen Ryan, co-CEO and Chairman of the Board at BlackLine. "It's the independent validation of the principles we've built into our Studio360 platform and our new Verity AI. We are providing our customers with a verifiable foundation of governance and trust, so they can lead the AI revolution in finance with complete confidence."
This latest achievement builds upon BlackLine's world-class security infrastructure, which is consistently validated against a suite of internationally recognized standards, including:
- ISO/IEC 27001 (Information Security Management)
- ISO/IEC 27017 (Cloud Security)
- ISO/IEC 27018 (Cloud Privacy)
- ISO/IEC 27701 (Privacy Information Management)
- SOC 1 and SOC 2 Type 2 reports
"With Verity, BlackLine is going beyond automation to deliver future-ready financial operations for the Office of the CFO, and the ISO 42001 certification is the bedrock of its governance," said Jill Knesek, CISO at BlackLine. "It validates our 'Control Layer for AI,' ensuring that our agentic experiences and intelligent insights are not just powerful, but also transparent, auditable, and built on an uncompromising foundation of trust. Our customers can be confident that as we lead the AI revolution in finance, we are doing so responsibly and securely."
BlackLine's commitment to trust is further strengthened by its strategic partnerships with the world's leading auditing and advisory firms. These alliances ensure that BlackLine's solutions are aligned with global accounting standards and that customers are supported by a network of trusted transformation advisors.
With the ISO 42001 certification serving as the cornerstone of its responsible AI development, BlackLine solidifies its position as the most trusted platform for finance and accounting automation. By unifying and connecting to data at the source, BlackLine secures data across financial operations from end-to-end, empowering customers to command their financial operations with strategic insight and innovate with confidence.
About BlackLine
BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehensive Studio360 platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine's proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future. For more information, please visit blackline.com.
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SOURCE BlackLine
FAQ
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