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In Latin America there are few companies deeply dedicated to the research and development of Artificial Intelligence (AI) models. In contrast, there are many companies that are adopting the AI models offered by specialized companies.

One of the companies that dedicates resources to AI research and development is Rhisco, a British-Mexican company formed by an interdisciplinary team of experts, focused on creating technology solutions to address business needs to support regulatory compliance activities.

Rhisco has created allgood.ai®, a platform that facilitates the consumption of regulatory and legal documents in Spanish throughout the regulatory cycle of institutions, companies and / or entities. Based on artificial intelligence and other technologies, allgood.ai® allows to easily identify, in the context of its regulatory environment, the obligations that companies have to comply with, finding potential gaps in internal regulations and allowing to monitor and manage their compliance in a collaborative way. Given the significant advances in technologies and techniques that apply to regulation and documentation, tangible benefits can now be generated by applying them in the management of regulatory aspects.

Last April, the European Commission launched the first artificial intelligence regulatory initiative, seeking to promote the development of artificial intelligence while addressing the potential risks it poses to the equality of fundamental rights and people's security. This debate is now taking place in Mexico and other Latin American countries.

For its focus on artificial intelligence and its commitment to conducting business ethically, Rhisco was chosen and is proudly participating in the "Prototype Public Policy for the Transparency and Explainability of Artificial Intelligence Systems", called OpenLoop in its Mexico chapter, organized by Facebook, C-Minds, IDB, and INAI.

This prototype is very important because of the increasing use of technologies that make decisions in an automated way, without human intervention, significantly increases the efficiency of companies and boosts the economy, and in some cases could impact on the human rights of people who daily, consciously or unconsciously, are exposed to those technologies.

"For Rhisco, both ethics and technology innovation are an intrinsic part of who we are, so we were very pleased to have the opportunity to work with Open Loop's team of experts. We are putting into practice in our own AI platform some of the proposed principles that are being considered as legislation." Elizabeth Marván, Rhisco

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