FAIAS — Financial AI Independent Assurance Standard (v1.3.2)
Abstract
FAIAS (Financial AI Independent Assurance Standard) is a baseline for reviewing generative, agentic and predictive AI systems in financial institutions. This is its first public release. What it contains A taxonomy of how these systems fail. 109 Independent Review Questions. Each has a review canvas and a test procedure. Source registers: regulatory, academic, lab publications and incidents. The compiled standard as Word and PDF: FAIAS_v1.3.2_Standard.docx and FAIAS_v1.3.2_Standard.pdf. Status FAIAS is published as emerging thinking, not finished work. Its limits are stated in README.md §3. Each test carries a Testing Confidence rating on an anchored scale from ★1 to ★5. No test is rated ★5, because no AI assurance test yet has a settled financial-services benchmark. v1.3.2 is a corrections release over v1.3.1. It changes no review question, claim, rating or risk profile. Each correction is listed in 00_Admin/CORRECTION_LOG_2026-10-03.md §8. Version identity The manifest root identifies this version. The version label does not. Manifest root: 275b19056e562fd52a7d6a3d0f7a7affed91f335a686a75b8dfc30ff127bc5a9 (273 files) Signed: 3 October 2026 (Ed25519) Public key fingerprint (SHA-256 of DER): c1d41da6317cfb96c2faa2b966292f9cf5534f63f73f566ed426217ca9510272 To verify, from the repository root: sha256sum -c ownership/MANIFEST.sha256 openssl pkeyutl -verify -pubin -inkey ownership/faias_public_key.pem -rawin -in ownership/MANIFEST.sha256 -sigfile ownership/MANIFEST.sha256.sig openssl pkeyutl -verify -pubin -inkey ownership/faias_public_key.pem -rawin -in ownership/ATTESTATION.txt -sigfile ownership/ATTESTATION.txt.sig ownership/OWNERSHIP_PROOF.md explains what these checks prove and what they do not prove. Licence CC BY 4.0 (LICENSE). The requested form of credit is in 00_Admin/OWNERSHIP_AND_LICENCE.md §3. Contributions Proposed changes are welcome as issues or pull requests, under the terms in 00_Admin/OWNERSHIP_AND_LICENCE.md §5. A change enters FAIAS only through a signed release. FAIAS was written from first principles and public sources. No employer or client material was used.
