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Article by AIR CEO Explores Bright Future for Digital-Native Compliance

August 21, 2023 — By as early as 2030, generative AI and other innovations will likely spur huge compliance improvements that result in faster data processing, better risk management and other dramatic benefits, Jo Ann Barefoot wrote in ABA Risk and Compliance Magazine.

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AIR OpEds and Articles

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How MDIs Are Focusing on Technology Needs to Drive Their Mission

September 9, 2023 — 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.

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Article by AIR CEO Explores Bright Future for Digital-Native Compliance

August 21, 2023 — By as early as 2030, generative AI and other innovations will likely spur huge compliance improvements that result in faster data processing, better risk management and other dramatic benefits, Jo Ann Barefoot wrote in ABA Risk and Compliance Magazine.

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Regulators' first step to avert bank failures is to close the information gap

August 11, 2023 — In this op-ed published by American Banker’s BankThink, AIR CEO Jo Ann Barefoot argues that regulators should digitize the call reporting process to gain a real-time understanding of banks’ status.

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AIR in the News

Regtech: The Compliance Revolution Changing the Financial Landscape

January 18, 2024 — Jo Ann Barefoot joins Brett King on the #BeyondBanking podcast to talk AI’s economic impact.

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Generative AI and the future of financial oversight and protection

November 15, 2023 — Jo Ann Barefoot joins Jill Malandrino on Nasdaq #TradeTalks live from the Singapore Fintech Festival.

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Regulatory challenges with AI require a collaborative response

November 10, 2023 — AIR CEO Jo Ann Barefoot is interviewed by Hannah Wallace of FinextraTV. 

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Modernizing Financial Regulation with Jo Ann Barefoot

October 25, 2023 — AIR CEO Jo Ann Barefoot joins episode 6 of the RegFi podcast from Orrick.

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Press Releases

AIR Announces ‘NextGenAI’ Initiative Exploring the Future of Financial Oversight and Consumer Protection

December 6, 2023: The Alliance for Innovative Regulation (AIR) has kicked off an exciting new initiative to explore the potential impact of Generative AI (GenAI) on financial regulation and the end users of financial services — NextGenAI: The Future of Financial Oversight and Protection.

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AIR and Cambridge SupTech Lab Announce Virtual Hackathon Exploring Consumer Protection Innovations

July 13, 2023: The Alliance for Innovative Regulation (AIR) and the Cambridge SupTech Lab (the Lab) at the Cambridge Centre for Alternative Finance (CCAF), University of Cambridge Judge Business School, will hold a virtual hackathon from July 26 through August 3 to help financial supervisory agencies make better use of consumer complaints and other supervisory data.

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AIR CEO Jo Ann Barefoot Named One of the Most Influential Women in Fintech

June 15, 2023: The Alliance for Innovative Regulation (AIR) announced that CEO and Co-founder Jo Ann Barefoot was named as one of the top-three “Most Influential Women in Fintech” this year by American Banker.

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AIR Staff Growth Fuels Program Expansion

June 7, 2023: The Alliance for Innovative Regulation (AIR) announced the hiring of Chris Calabia as Senior Advisor, Elise Donahue as Finance and Operations Manager, Danae Kelly as Executive Assistant, Nitya Malladi as Program Manager, and Mariama Jalloh and Mike Thompson as Program Directors.

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AIR Announces Support for Inaugural FHFA TechSprint to Improve Mortgage Process

April 17, 2023: The Alliance for Innovative Regulation (AIR), in support of the Federal Housing Finance Agency (FHFA)’s Office of Financial Technology, announced that the in-person FHFA Velocity TechSprint will take place July 10-13 in Washington, D.C. 

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AIR’s Shelley Anderson and Jo Ann Barefoot Named to ‘Powerlist’ of Women in Fintech

March 8, 2023: Two key leaders at the Alliance for Innovative Regulation (AIR), Program Director Shelley Anderson and CEO Jo Ann Barefoot, were named to Innovate Finance’s Women in Fintech Powerlist 2022.

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AIR Announces Key Additions to Leadership Team as Staff Grows for Third Straight Year

February 1, 2023: The Alliance for Innovative Regulation (AIR) announced the appointment of Kisha Perkins as Chief Program Officer and the promotion of Randy Repka to Chief Growth Officer. These executive-team additions come after a successful 2022 in which AIR exceeded its fundraising goal by nearly 70 percent and doubled its staff, which now spans 10 time zones and three countries.

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AIR Hosts Key Stakeholders at U.S. Capitol to Weigh Future of Minority Depository Institutions

December 1, 2022: The Alliance for Innovative Regulation (AIR) gathered financial policy leaders, bank and credit union representatives, technology innovators and other stakeholders at the U.S. Capitol Wednesday to advance an ambitious initiative to enable Minority Depository Institutions (MDIs) to adopt the digital tools that they need to improve financial services offerings for communities of color.

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AIR Announces U.S. Capitol Event on Future of Minority Depository Institutions, Unveils MDI ConnectTech Participants

November 17, 2022: The Alliance for Innovative Regulation (AIR) announced an in-person event in support of a new initiative designed to modernize Minority Depository Institutions (MDIs) through digital technology: MDI ConnectTech.

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AIR Partners with Visa to Help Minority Banks and Credit Unions Close Tech Gap

July 12, 2022: AIR — Alliance for Innovative Regulation – announced a partnership with Visa Inc. to support AIR’s Minority Depository Institution (MDI) Digital Modernization Pilot program, which will provide underserved communities of color with more competitive financial services options.

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

May 4, 2022 – 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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AIR Expands Board of Directors and Councils to Support Mission of an Inclusive, Fair and Resilient Financial System

April 11, 2022 – AIR — Alliance for Innovative Regulation, announced today that Tracy A.Basinger and Sharmir Karkal have joined its board of directors, F. Christopher Calabia and Deborah Young have joined its global advisory council, and Kareem Saleh has joined its technology council.

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AIR and the Reserve Bank of India’s Innovation Hub Partner on Swanari TechSprint to Advance Digital Financial Inclusion for Women in India

March 2, 2022 – AIR, the Alliance for Innovative Regulation, announced today that RBIH, Reserve Bank of India Innovation Hub, has launched a TechSprint in collaboration with AIR that is aimed at advancing digital financial inclusion for women in India. The inaugural Swanari (स्व-नारी) TechSprint in India will connect fintechs, financial service providers, innovators and subject matter experts to collaborate, ideate and solve specific problems and code prototype solutions in real time. Swanari is Swanirbhar Nari meaning Self Reliant Lady. An RBIH white paper entitled Gender and Finance in India supporting the program is also now available.

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AIR Taps Joe Adler to Lead Content, Adds Key Global Capabilities

February 14, 2022 – AIR, the Alliance for Innovative Regulation, announced today that Joe Adler, former Washington bureau chief of American Banker, has joined the organization as director of content. The move is part of a strategic expansion that has included a doubling of AIR’s team over the past two quarters and an expansion of funding sources, fueling AIR’s mission-driven impact for global and U.S. initiatives in regulation innovation.

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AIR CEO Jo Ann Barefoot Named LendIt Fintech Woman of the Year Finalist

January 18, 2022 – AIR, the Alliance for Innovative Regulation, announced today that CEO Jo Ann Barefoot is a finalist for LendIt’s Fintech Woman of the Year 2021.

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AIR CEO Jo Ann Barefoot Named to MAS' Elevandi Board of Directors

October 19, 2021 – Elevandi, a global knowledge and collaboration platform aimed at bringing together the global financial and fintech communities set up by the Monetary Authority of Singapore has announced the appointment of its board of directors.

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AIR CEO Jo Ann Barefoot Named Fintech Woman of the Year by Finovate and To the Forbes list of 50 Over 50

September 17, 2021 – AIR, the Alliance for Innovative Regulation, announced today that CEO and Cofounder Jo Ann Barefoot was honored with two important leadership recognitions: Finovate Fintech Woman of the Year and Forbes 50 Over 50.

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AIR Welcomes UK Regtech Leader Nick Cook as Head of Global Strategy and Partnerships

September 8, 2021AIR, the Alliance for Innovative Regulation, announced today that Nick Cook, former head of innovation at the UK Financial Conduct Authority (FCA), is joining AIR as Head of Global Strategy and Partnerships…

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AIR Honored in Fast Company Magazine's 2021 World Changing Ideas

May 4, 2021 – AIR – the Alliance for Innovative Regulation – was selected in the Politics & Policy category as an Honorable Mention. AIR proposed an Accelerator to advance the world-changing goal of truly fair finance, by helping digitize the financial regulatory sector.

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Crypto Climate Accord Launches to Decarbonize Cryptocurrency Industry

April 8, 2021 – Energy Web, Rocky Mountain Institute (RMI) and the Alliance for Innovative Regulation (AIR) today announced the launch of the Crypto Climate Accord—a private sector-led initiative committed to making the cryptocurrency industry 100% renewable.

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NY DFS Announces DRR in Cryptocurrency TechSprint Winners

March 12, 2021 – The New York State Department of Financial Services (DFS) today concluded its first-ever Techsprint with a public Demo Day featuring a keynote fireside chat between Superintendent of Financial Services Linda A. Lacewell and PayPal CEO Dan Schulman…

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AIR Joins Fintech Open Source Foundation as Associate Member

November 12, 2020 – Today, at its annual flagship conference, the Open Source Strategy Forum (OSSF), the Fintech Open Source Foundation (FINOS), announced today the launch of its Associate Member Program and three inaugural associate members, the Alliance for Innovative Regulation (AIR)…

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AIR Hosts TechSprint Exploring How Cryptocurrency Can Help Curtail CSAM

October 23, 2020 – AIR, the Alliance for Innovative Regulation, is hosting a virtual TechSprint (regulatory hackathon) from October 19-23, leveraging cryptocurrency technology to combat online child sexual abuse material (CSAM). The event will culminate with…

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NY DFS to Host First-Ever TechSprint to Advance Regulator of the Future Vision

October 15, 2020 – Superintendent of Financial Services Linda A. Lacewell today announced DFS’ first-ever techsprint, an initiative to convene regulators and industry stakeholders to work towards a common goal of Digital Regulatory Reporting (DRR), in partnership with AIR…

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Hackathon to Help Government Distribute Emergency Funding for Small Businesses

March 27, 2020 – Small businesses will die if they can’t access funds quickly. AIR is convening an emergency hackathon to demo how to use tech to get the funds out fast. COVID-19 is stressing the global economy in unprecedented ways, especially for…

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Financial Regulators Face Legal Impediments to Innovation

January 23, 2020 – The Alliance for Innovative Regulation (AIR) and Flourish Ventures asked the Buckley law firm to prepare an analysis of these obstacles. AIR hosted a Congressional Briefing on Capitol Hill on Thursday, January 23, 2020 to share a brief…

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New Alliance Launches to Help Regulators Deploy Tech and Build Smarter Financial Regulation

October 29, 2019 – To help regulators embrace technology and integrate innovation into their organizational DNA, Jo Ann Barefoot, former Deputy Comptroller of the Currency, and David Ehrich, co-founder of fintech credit card startup Petal, announced today the launch of The Alliance for Innovative Regulation (AIR).

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