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AIR is a global nonprofit leveraging digital modernization to help build a financial system that serves everyone and produces widespread financial health.

Financial regulation works as an invisible force shaping people’s lives. It aims to prevent mistreatment, bias, instability and corruption while ensuring that everyone has equal access and fair opportunity. Jo Ann Barefoot and David Ehrich founded AIR in 2019 to strengthen this force through new technology.

Digitization is transforming finance at an exponential pace, creating both risks and opportunities for consumers and competitive markets. Effective regulation is the key to countering threats to privacy, security and fairness and to ensuring positive impacts. AIR works with regulators and other government agencies to identify, develop and scale responsible innovations that solve systemic problems, including financial exclusion, race and gender discrimination, deceptive and predatory practices, climate change, economic instability, and financial crimes like human trafficking.

Neither a trade group nor member-based organization, AIR is a non-partisan 501c3 working with governments, consumer advocates, fintechs, regtechs, financial institutions, NGOs and academics throughout the world to advance fair finance.


AIR Initiative to Create Digital Transformation Road Map for MDIs

The MDI ConnectTech initiative will help participating MDI banks and credit unions assess their technology capability, identify digital offerings to benefit their customers, and establish a road map to implement third-party digital solutions.

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How to Arm Anti-Corruption Fighters with Better Data Tools

AIR held the first of multiple TechSprints on new technologies to shine a light on global corruption. The events, held in concert with the State and Treasury departments, grew out of a Biden administration initiative to promote democracy.

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The Future of Cryptocurrency and Blockchains in the U.S.

In an expanded edition of the Board Risk Report published by the Board Risk Committee, AIR co-founder Jo Ann Barefoot explores the risks and opportunities of cryptocurrency and blockchains that corporate boards should consider.

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Latest Podcast


Innovator Spotlight: Upgrade CEO Renaud Laplanche

Renaud Laplanche, the CEO and co-founder of Upgrade, explains how the company aims to create a healthier credit card by converting debt into an installment loan with zero fees.

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AIR Events


February
24

Make Money Green: Climate, ESG and Financial Regulation

Green finance represents a new frontier for financial companies and their regulators. As demand rises for information on climate and other environmental, social and governance (ESG) performance, regulators will be challenged to identify and mitigate the financial system risks that are emerging.

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January
26

Into the Cloud: Whether, Why and How Financial Institutions Are Adopting Cloud Computing

In this webinar, we explored where we are today in terms of cloud adoption in financial services: how is it being adopted, what is it enabling, what opportunities does it enable, how can risks be addressed, and what regulatory barriers exist?

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September
15

Developing the Digital Regulator

As digitization and software transform how the world engages in financial activity, it’s time to ask whether regulators have the culture, tools, and technology needed to keep pace. Some have argued that regulators need to become more like the quantitative and digital firms that they regulate by leveraging next-generation technologies and talent. Using status quo approaches, can financial regulators detect risks in fast-changing markets, including those related to cybersecurity, fraud, financial crime, and trading manipulation? Can they properly monitor, detect, and assess bias in consumer-facing models? This program sought to answer these questions in two ways.

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