GRCmate AI LTD. Secures Innovate UK Grant in Partnership with RevAIsor to Revolutionise GRC with Trustworthy AI
London, UK – 25th January 2025 – GRCmate AI LTD., a pioneer in generative AI solutions for Governance, Risk, and Compliance (GRC), is thrilled to announce it has been awarded an Innovate UK grant in collaboration with RevAIsor, a leading AI safety and governance firm. This funding will drive the development of an innovative AI proof-of-concept aimed at transforming risk management within the dynamic high-end fashion industry.
The project addresses the critical need for organisations to rapidly adapt to unforeseen business disruptions, such as those caused by geopolitical events or evolving regulatory landscapes. Using cutting-edge generative AI, GRCmate AI will develop a tool capable of analysing vast organisational data sets, identifying potential operational risks, and delivering real-time, actionable mitigation strategies.
This initiative promises to deliver significant benefits, including:
Accelerated Decision-Making: Automating risk assessments to provide timely insights, enabling businesses to swiftly address operational challenges.
Enhanced Risk Management: Delivering precise risk mitigation recommendations without the need for extensive coding or costly consultancy.
Significant Cost Savings: Minimising financial losses, regulatory penalties, and reputational damage through proactive risk identification.
Strategic Planning Empowerment: Integrating risk considerations into strategic decision-making to bolster resilience and identify potential vulnerabilities.
GRCmate AI has partnered with RevAIsor to ensure the development of a trustworthy and transparent AI solution. RevAIsor’s expertise in AI safety and governance will be instrumental in designing a framework that adheres to stringent ethical standards and regulatory requirements, fostering confidence in the tool’s adoption.
“This Innovate UK grant, and our partnership with RevAIsor, marks a pivotal moment for GRCmate AI,” said Nicolas Winston (CEO GRCmate). “We are committed to delivering AI solutions that empower organisations to navigate complex risk landscapes with confidence and efficiency. This project will demonstrate the power of generative AI in transforming GRC practices, starting with the high-end fashion industry.”
The Innovate UK-funded project is set to run until March 2025. Following its completion, GRCmate AI will explore opportunities to expand the tool’s application across various sectors, including finance, healthcare, education, and transport.
About GRCmate AI LTD.
GRCmate AI specialises in building generative AI tools that empower organisations to manage risks, streamline operations, and enhance decision-making processes without requiring technical expertise.
About RevAIsor
RevAIsor is an AI safety and governance company committed to developing trustworthy AI systems for businesses worldwide. By integrating synthetic data testing, advanced AI governance frameworks, and compliance assurance, RevAIsor ensures organisations can adopt AI solutions with confidence.
Contact:
GRCmate AI Media Contact Information: contact@grcmate.ai