The Office of the Financial Stability Oversight Council and the Treasury Department’s Artificial Intelligence Transformation Office launched the AI Innovation Series this week, according to a March 23 announcement. The initiative is a public-private effort aimed at supporting the strength and resilience of the U.S. financial system as technological change accelerates.
Artificial intelligence is becoming more common in core financial services, including fraud detection, cybersecurity, credit underwriting, and operational risk management. As its use grows, regulators and institutions are working to ensure that governance and supervisory practices keep pace with these advances.
“Economic security – the condition of having secure and resilient domestic production capacity – is core to financial stability, and leadership in AI adoption is a crucial component of economic security,” said U.S. 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. The Treasury Department will continue evaluating regulatory frameworks and enforcement policies to enable the U.S. financial sector’s leadership in AI adoption while preserving national security and long-term economic resilience.”
The series will include four roundtables bringing together representatives from financial institutions, technology firms, regulators, and experts to discuss key uses for artificial intelligence in finance while maintaining safety standards.
Deputy Assistant Secretary for FSOC Christina Skinner said: “AI adoption is not merely a question of technological modernization—it is critical to America’s financial stability and a precondition to economic growth. When institutions cannot deploy tools that improve fraud detection, credit allocation, and operational resilience, the system becomes less efficient and less secure.” Paras Malik, Treasury’s Chief AI Officer and Counselor to the Secretary added: “AI is moving from experimentation to enterprise-wide integration, and disciplined implementation will determine its impact… Through the Innovation Series we are convening regulators and industry leaders to ensure governance frameworks evolve alongside deployment… as AI becomes embedded across financial markets.”
