NextGenAI: The Future of Financial Oversight and Protection

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. The series of activities includes research, collaborative stakeholder discussions, a tech showcase for regulators and solution providers, and virtual shared learning events designed to facilitate dialogue and debate on key issues.

Through the NextGenAI initiative, AIR aims to investigate the potential of GenAI to foster efficient and effective consumer protection, enable enhanced regulatory compliance within financial institutions, and support cost-efficient, timely and more effective regulatory supervision. AIR will facilitate dialogue and debate around the risks that GenAI may pose as well as the new ways to achieve beneficial outcomes in regulated financial markets.