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AIR is a global nonprofit, non-membership organization dedicated to ensuring that the digital transformation of finance is matched by digital transformation of financial regulation, equipping regulators to meet their mandate to make the financial sector resilient, inclusive and fair.
Financial regulation should be a potent force for good. It should operate as an invisible force in people’s lives, ensuring that consumers are shielded from discrimination and abuse, that small businesses can access capital, that criminals cannot use the banking system to hide illicit activity, and that financial catastrophes are averted. AIR educates, connects, and supports the regulatory ecosystem to help realize these goals.The Latest
EVENT • MDI Innovate: A Purposeful Journey into Digitization
AIR’s third convening focused on Minority Depository Institutions (MDIs) will be held on May 2, 2024 in Washington, D.C. The in-person strategic gathering addresses the critical issue of digital modernization faced by MDIs.
WHITE PAPER • AI: Transforming the Future or Triggering Fear?
Authored by AIR Senior Advisor and former global regulator F. Christopher Calabia, this paper examines the transformative potential and risks associated with the deployment of generative artificial intelligence (GenAI) in the financial services sector.
PODCAST • Community Banks: Darragh Buckley on a Tech-Enabled Future
Community banks face a tech revolution. Explore the challenges & opportunities with Increase CEO Darragh Buckley, who has a unique perspective and novel ideas. Hear his thoughts on how smaller banks can survive & thrive in a changing landscape.
INITIATIVE • AIR Initiative to Create Digital Transformation Road Map for MDIs
The MDI ConnectTech initiative helps participating Minority Depository Institutions assess their technology capability, identify digital offerings to benefit their customers, and establish a road map to implement third-party digital solutions.
INITIATIVE • NextGenAI Explores the Future of Financial Oversight and Consumer Protection
NextGenAI is a multi-faceted initiative that delves into the potential impact of Generative AI (GenAI) on financial services and financial regulation through a series of thought-provoking and engaging activities.
ARTICLE • How MDIs Are Focusing on Technology Needs to Drive Their Mission
Like all small financial providers, Minority Depository Institutions face a challenging environment staying competitive in the digital era. Through a program developed by AIR, the National Bankers Association and Inclusiv, some MDIs are upping their digital game.
VIDEO • NextGenAI: The Future of Financial Oversight and Protection
Through the NextGenAI initiative, AIR aims to investigate the potential of GenAI to foster efficient and effective consumer protection, enable enhanced regulatory compliance within financial institutions, and support cost-efficient, timely and more effective regulatory supervision.
WHITE PAPER • Regtech Manifesto: Redesigning Financial Regulation for the Digital Age
In 2020, the Alliance for Innovative Regulation published this road map for a gradual but urgent conversion of the financial regulatory framework to a digitally native design. One former U.S. agency head called it “the bible for every regulator.”
WHITE PAPER • AIR and Google Release Paper on Applying Model Risk Management Guidance to AI
The paper argues that MRM guidance, given its broad, principles-based approach, continues to provide an appropriate framework for assessing financial institutions’ management of model risk, even for Risk AI/ML models.
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Shelley Anderson
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