iDharma is an independent AI audit company. It reviews the AI systems organizations run and delivers a verified, standards-based report on whether their AI is accurate, fair, secure, and compliant — mapped to the EU AI Act, NIST AI RMF, and ISO/IEC 42001.

What does an iDharma AI audit cover?

An iDharma audit examines four dimensions of a live AI system — accuracy, fairness, security, and compliance — and returns a rating per dimension, evidence-backed findings, and a prioritized remediation roadmap. The scope is agreed and approved with you before any payment.

How is iDharma independent?

iDharma audits AI systems it did not build and holds no stake in the tools it reviews, so its findings are defensible to a board, a customer, or a regulator. An audit is a methodology-backed review — not a certification or a warranty.

Which standards does iDharma audit against?

iDharma maps findings to recognized frameworks including the EU AI Act, the NIST AI Risk Management Framework, ISO/IEC 42001, HIPAA, SOC 2, and India's DPDP Act — so every finding traces to a clause, not an opinion.

How do I request an AI audit?

Tell iDharma about your AI system through the Request an AI Audit form. Scope, timeline, and price are agreed up front, and nothing is charged until you approve the scope.

Financial Services AI Compliance

AI in banking, lending, wealth & investment — audited against SR 11-7, MiFID II, and the EU AI Act

Everything financial beyond payments — retail and commercial banking, credit and lending, wealth management, and algorithmic trading — faces a layered compliance stack. The EU AI Act does not replace MiFID II or SR 11-7; it sits on top of them. None offers a model-complexity exemption.

Request a finance AI audit See how the audit works

$35M+ Cumulative EU enforcement

EU AI Act fines issued across financial-services AI deployments in 2025–2026

MiFID II EU conduct obligation

Algorithmic and AI-assisted trading must be fully auditable — no complexity exemption exists

Aug 2026 Verify with EU AI Office

High-risk AI system obligations take full effect — financial AI is directly in scope

Measured against NIST AI RMF ISO/IEC 42001 EU AI Act HIPAA SOC 2 India DPDP

What we audit

AI systems in scope for Finance

Every system below is covered in a standard iDharma engagement. Complex or multi-system deployments are scoped on request.

Credit-scoring & lending models

Underwriting, credit-risk (PD/LGD), and adverse-action decisions — proxy-discrimination testing, explanation quality, and ECOA/FCRA compliance.

AI-assisted investment advice

Suitability algorithms and robo-advisory models — MiFID II conduct requirements, client explanation rights, and EU AI Act conformity.

Algorithmic trading systems

Audit-trail completeness, decision reconstruction, circuit-breaker documentation, and MiFID II Article 17 compliance.

Retail & commercial banking AI

Segmentation, churn, early-warning, and product-recommendation models — fair treatment, data governance, and transparency obligations.

Regulatory frameworks

What we audit against

Every iDharma Finance engagement maps simultaneously against the frameworks below — producing one gap register, not three separate reports.

EU AI Act — Annex III (High-Risk)

Financial-services AI making or influencing creditworthiness, insurance, and investment-suitability decisions is classified high-risk. Conformity assessment required before deployment.

MiFID II — Article 17

Algorithmic trading firms must have effective systems and risk controls. Every algorithmic decision must be fully auditable and reconstructable.

SR 11-7 Model Risk Management

US bank regulators confirm this guidance applies to machine-learning models. Independent validation, conceptual-soundness review, and performance monitoring are baseline expectations.

Our methodology

How an iDharma audit works

We do not accept vendor documentation as evidence, and we do not produce checkbox compliance reports. Every audit gives you a named auditor, a cited methodology, and a straight answer on where your AI stands.

01

We run a single unified audit against SR 11-7, EU AI Act Annex III, and MiFID II — not three separate workstreams.

02

We produce one technical documentation package that satisfies both SR 11-7 validation requirements and EU AI Act technical-file requirements.

03

We independently verify accuracy claims by requesting test data, evaluation methodology, and ground-truth construction — not just accepting vendor reports.

04

Our gap register is ordered by legal priority across all three frameworks simultaneously, so your remediation effort addresses the highest-exposure items first.

See how we work →

More sectors

Explore other domains

Sector 01 General Independent AI audits for every organization deploying AI in a regulated... Learn more → Sector 02 Fintech AI in credit, debit, and digital transactions — independently audited Learn more → Sector 03 Healthcare Clinical AI, diagnostic tools, and patient-facing systems — independentl... Learn more → Sector 04 Insurance AI in underwriting, pricing, and claims — classified as access-to-essent... Learn more →

Get started

Operating AI in banking, lending, or investment?

The free Risk Snapshot identifies which obligations apply to your specific deployment and where your highest-priority gaps are.

Your situation

“AI is already making finance decisions — with no independent proof it holds up.”

In 1–4 weeks

One prioritised gap register mapped to the frameworks you answer to — signed by a named auditor.

Scoped before you pay — nothing is charged until you approve what the engagement covers.

Request an Audit Free Risk Snapshot →