AIR White Papers

AIR creates seminal thought leadership and new intellectual capital to expand an exploration of "regulation innovation." Our goal is to refine and amplify ideas on difficult, critical path issues through papers, op-eds, speeches and more. Our hope is to spark ideas, dialogue and digitally-native projects that promote a more fair financial system.

Earned Wage Access: Exploring Policy Implications & Frameworks

This paper, produced in partnership with Gattaca Horizons LLC, aims to provide a comprehensive review of earned wage access (EWA) services, their potential to mitigate harms associated with certain traditional financial products, and the unique challenges they pose.

Generative AI Risk Management in Financial Institutions

AIR and Google Cloud jointly released this paper exploring how model risk management (MRM) frameworks and established governance practices can be applied to manage risks for financial institutions in gen AI contexts. This paper expands upon a previous white paper released by AIR and Google Cloud on the topic of MRM.

A Purposeful Journey into Digitization: Lessons Learned from the MDI Digital Modernization Pilot and ConnectTech Programs

This paper underscores the essential role Minority Depository Institutions (MDIs) play in supporting marginalized communities, while offering a road map for these institutions to navigate their technological shortcomings and remain competitive in the digital financial services landscape.

The Survival Of Minority Depository Institutions Requires A Journey To Digitization

This brief is a companion to the white paper titled "A Purposeful Journey into Digitization: Lessons Learned from the MDI Digital Modernization Pilot & ConnectTech Programs." It outlines key actions stakeholders can take to help advance solutions and further support MDIs in their digital transformation journey.

From Legacy Systems To Cutting-Edge Tech: A Financial Regulator’s Odyssey

Financial regulatory bodies face significant challenges due to rapid technological evolution and increasing market complexity. Authored by AIR Chief Innovation Officer Nick Cook, this paper addresses key aspects of technology acquisition, data management, and the cultural and organizational shifts necessary for successful digital transformation.

Scaling Voluntary Carbon Markets: A Market-Based Mechanism for Corporates to Meet Their Net-Zero Commitments

By purchasing offsets in voluntary carbon markets (VCMs), corporates fund projects globally that avoid GHG emissions or remove CO2 equivalents (CO2e) from the atmosphere. VCMs provide a market-based mechanism for corporates to fund climate projects globally.

Advancing Digital Identity: Building Essential Infrastructure

In March 2024, AIR partnered with the Aspen Institute to convene two roundtables with a cross-section of digital identity experts. This brief summarizes the dialogue and next steps, and extends an invitation to engage with this work.

AI: Transforming the Future or Triggering Fear? Generative Artificial Intelligence and Its Impact on Financial Consumers and Regulators

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.