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Your credit decisioning AI is under a microscope. Colorado's AI Act adds new requirements on top of fair lending laws. Get audit-ready before June 30, 2026.
Financial institutions face overlapping AI regulations. CO-AIMS maps your compliance across federal and state requirements.
From credit decisioning to fraud detection, CO-AIMS provides the governance layer your AI models need.
Centralized inventory of all AI models with risk classification, data lineage, and ownership tracking.
Monthly testing across protected classes with statistical significance analysis and trend tracking.
Pre-deployment and annual assessments with risk scoring and mitigation documentation.
Discrimination detection triggers automated workflows, AG notification prep, and remediation tracking.
Auto-generate adverse action explanations and AI disclosure notices for loan applicants.
One-click export of compliance documentation in formats regulators expect.
Loan approval, credit limit, and pricing models that use AI or ML.
AI systems that flag suspicious transactions or applications.
AI that prioritizes accounts or determines collection strategies.
Models that assess customer or portfolio risk levels.
“Our examiners asked for AI model documentation during our last review. CO-AIMS gave us everything they needed in one export.”
Any AI system used for credit decisions, loan approvals, or risk assessment is classified as "high-risk" under SB 24-205. Banks must conduct regular bias audits, provide consumer notices, maintain impact assessments, and report discriminatory outcomes to the Attorney General.
Yes. SB 24-205 adds Colorado-specific requirements on top of federal fair lending laws. CO-AIMS helps you satisfy both: federal disparate impact analysis plus Colorado's specific disclosure, audit trail, and incident reporting requirements.
Regulators expect: (1) Risk classification and impact assessments, (2) Regular bias audit results with methodology, (3) Consumer notice delivery records, (4) Incident reports and remediation plans, and (5) 3-year audit trail retention. CO-AIMS generates all of this automatically.
CO-AIMS complements your MRM framework by adding the SB 24-205-specific requirements: consumer-facing disclosures, AG notification workflows, and Colorado-specific bias testing protocols. We integrate via API or manual upload.
Yes. Our Professional tier ($499/mo) is designed for smaller institutions with 10 or fewer AI systems. Enterprise ($999/mo) supports unlimited systems and includes dedicated onboarding.
Download our SB 24-205 Compliance Checklist for Financial Institutions—or start your free trial today.
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