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Frequently Asked Questions
Everything you need to know about GetAIGovernance
What is the EU AI Act?
The EU AI Act is a regulation passed by the European Union that classifies AI systems by risk level and imposes compliance requirements on companies that build or deploy them. It applies to any organization doing business in the EU regardless of where they’re headquartered, with major obligations phasing in between 2025 and 2027.
What is AI governance?
AI governance is the set of policies, processes, and tools organizations use to make sure their AI systems operate safely, fairly, and in line with legal requirements. It covers everything from model oversight and bias detection to regulatory compliance and accountability structures.
What is SR 11-7 and why does it matter for AI compliance?
SR 11-7 is guidance issued by the Federal Reserve and the Office of the Comptroller of the Currency that governs how US financial institutions must develop, validate, and oversee models used in business decisions. As banks and financial institutions deploy machine learning models, SR 11-7 compliance becomes a primary governance obligation. ValidMind is the platform in this comparison most specifically aligned with SR 11-7 requirements.
Which AI compliance platform is best for a startup?
For early-stage companies primarily focused on achieving SOC 2 or ISO 27001 to close enterprise deals, Vanta and Delve are the two strongest options. Vanta is the more established choice with a larger integration ecosystem and the Trust Center feature. Delve is the newer, AI-native alternative better suited to companies that want modern architecture and faster deployment.
What is the difference between AI compliance and AI governance?
AI compliance refers to meeting specific regulatory or certification requirements — like SOC 2 or SR 11-7. AI governance is broader: it includes the policies, processes, and accountability structures that ensure AI systems operate responsibly over time. Most enterprise AI programs need both. Compliance platforms like Vanta address the certification layer. Governance platforms like Monitaur address the operational oversight layer.
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