AIR TechSprints

Linda Lacewell, Superintendent of the New York State Department of Financial Services, announces partnership with AIR and CSBS (Conference of State Bank Supervisors) to produce a TechSprint on Digital Regulatory Reporting (DRR), starting with Crypto.

October 19-23: AIR hosted a TechSprint with regulators, law enforcement, industry and experts to explore how to use the traceability of crypto to limit distribution of child sexual abuse material (CSAM).

In July 2019, AIR collaborated with the UK’s Financial Conduct Authority (FCA) to produce the first regulatory TechSprint in the U.S. to fight financial crime, money laundering, and human trafficking.

The G20 and the Bank for International Settlements, BIS, hosted the G20 Global TechSprint and called for innovators to participate. Three problem statements were distilled from central banks and financial regulators throughout the world.

On the night the CARES Act was signed into law, AIR launched a 48-hour hackathon to accelerate lending under the SBA Paycheck Protection Program. Sixty volunteers from 20+ companies worked over the weekend to prototype solutions. Watch video here.

AIR sponsored a 2nd Save Small Business ‘Solutions Sprint’ to help banks calculate, track, and report on the requirements for PPP loan forgiveness. In collaboration with the Independent Community Bankers Association (ICBA) and The Venture Center, 24 fintechs presented solutions on how to manage the forgiveness process.