The U.S. Treasury Department’s Artificial Intelligence Transformation Office and the Financial Stability Oversight Council (FSOC) just launched the AI Innovation Series.
This public-private effort brings together regulators, financial institutions, tech companies, and experts for four roundtables. The goal: find high-value AI uses in finance—like fraud detection, cybersecurity, credit underwriting, and risk management—and figure out safe ways to scale them.
Details from the Treasury announcement
The official Treasury press release states the series kicked off this week to keep the financial system strong amid fast AI changes. It quotes Treasury Secretary Scott Bessent: “We are optimizing regulation to support growth for both Main Street and Wall Street: moving from a posture focused on constraint toward one that recognizes failure to adopt productivity-enhancing technology as its own risk.”
FSOC Deputy Assistant Secretary Christina Skinner added: “AI adoption is not merely a question of technological modernization—it is critical to America’s financial stability and a precondition to economic growth.” Treasury’s Chief AI Officer Paras Malik emphasized shifting AI from experiments to everyday operations in finance.
Building on past work
ExecutiveGov reports this follows Treasury’s February push on AI cybersecurity and risk management, plus a new AI Lexicon and Financial Services AI Risk Management Framework. A 2024 Treasury report noted banks already use AI for fraud detection and operations.
The ABA Banking Journal covers the roundtables’ focus on reviewing federal rules to back AI without cutting safety corners. No dates yet for the events.
For finance pros, this signals regulators want AI growth, not roadblocks—key as banks ramp up deployment.
