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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 CEO touts benefits of AI to enhance regulators’ digital capability

In a paper published by the Brookings Institution, Alliance for Innovative Regulation co-founder Jo Ann Barefoot lays out multiple use cases for government agencies to use artificial intelligence to power their innovation strategies.

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The financial world is reeling at the sudden loss of Conference of State Bank Supervisors (CSBS) CEO John Ryan

He was Jo Ann’s dear friend and was on her podcast show twice. What he said is still worth a listen — John’s wisdom on technology, the dual banking system as an innovation lab, how community banks shape America, and the steps he took after George Floyd was murdered. He was brilliant, effective, civil, unshakably cheerful, and good. There’s no one else like him.

🎧EPISODE ON NETWORKED SUPERVISION

🎧EPISODE ON BANKS AND COMMUNITY

Companies that excel at diversity also lead the innovation pack

A review of years of studies shows that organizations favoring diverse thinking, staff heterogeneity and inclusiveness formulate and execute the best new ideas. Written by AIR’s Nick Cook.

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AIR Partners with State Department and U.S. Treasury on Global TechSprint to Fight Corruption

AIR — Alliance for Innovative Regulation, in partnership with the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL) and the U.S. Department of Treasury’s Office of Terrorist Financing and Financial Crimes (TFFC), announced that the Anticorruption Solutions through Emerging Technologies (ASET) TechSprint will take place virtually June 21-24, 2022.

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A New High-tech Era for AML Compliance in the US

The Paypers Financial Crime and Fraud Report for 2022 features an article written by AIR CEO Jo Ann Barefoot. Download the full report to find out latest insights into how to build trust, manage risk and fight financial crime.

DOWNLOAD THE REPORT

Letter Calling for Presidential Commission to Create Financial Inclusion Strategy

AIR is proud to join The Aspen Institute Financial Security Program (FSP) and a coalition of over 30 financial and tech companies and nonprofits calling for the Treasury Department to establish a Presidential Commission to create a national, interagency financial inclusion strategy.

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Latest Podcast


Castles and Sandboxes: The Gates Foundation’s Konstantin Peric

Jo Ann’s guest today is Kosta Peric, the Bill and Melinda Gates Foundation’s Deputy Director of Financial Services for the Poor. In this episode, he talks to us about the art of how to do the uniquely difficult type of problem solving required to achieve full financial inclusion in the world’s emerging markets.

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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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