The White House announced select achievements during the “Year of Action” following the U.S. Summit for Democracy in December 2021, including AIR’s Anti-Corruption Solutions through Emerging Technologies (ASET) TechSprint.
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 White House initiative to promote democracy.
The Anti-corruption Solutions through Emerging Technologies (ASET) TechSprint explored how technology can aid the fight against corruption. AIR ran the event, which grew out of the Summit for Democracy, with the State and Treasury departments.
The Anti-Money Laundering TechSprint, held in cooperation with the U.K.’s Financial Conduct Authority, focused on using privacy-enhancing technologies to fight financial crimes that aid human traffickers, drug cartels and other bad actors.
The Illinois Democrat was appointed chair of a House task force on artificial intelligence. He speaks with Jo Ann about banks’ efforts to be more tech savvy, digital identity issues and algorithmic bias, among other subjects.
In a chapter for the 2022 Paypers Financial Crime and Fraud Report, AIR CEO Jo Ann Barefoot examines the potential of data-driven regtech solutions to reduce false-positives and ultimately lead to a more effective anti-money laundering regime.
TECHSPRINT • Protecting Children from Online Predators
The Protecting Children TechSprint focused on combating the purchase of child sexual abuse material (CSAM) through the use of crypto analytics. It was featured in Fast Company magazine’s 2021 World Changing Ideas awards.
Jo Ann Barefoot, CEO of the Alliance of Innovative Regulation, was a guest on a recent episode of the podcast, participating in discussions about the state of financial crime, the rise of crypto and how to balance innovation with security.
Ellison Anne Williams, CEO of Enveil, sits down with Jo Ann to explain how homomorphic encryption allows financial institutions and authorities to share anti-money laundering information without compromising privacy.
Former Treasury Undersecretary Sigal Mandelker speaks to Jo Ann with informed insight and candor about the need for the government to work better and the technology gap in financial regulation.
The first 2023 episode is Jo Ann’s discussion with Simon Taylor, Head of Strategy at the anti-fraud tech firm Sardine. He weighs in on crypto’s “massive fraud problem,” and the pros and cons of building trust through decentralization and code.
Kyle Hauptman, vice chairman of the National Credit Union Administration, comes on the show to discuss how his agency encourages credit unions to take steps to stay relevant in the digital era.
Tillemann, Chief Policy Officer of Haun Ventures, shares his views about the crypto winter and how the confluence of blockchain, open source and digital tokens could solve stubborn problems.
It has been quite a ride since our first episode in 2015. Over more than eight years, this show helped mark AIR’s founding, unpacked what the pandemic and other events meant for financial regulation, and hosted so many enlightening discussions about disruptive technology.
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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