FinRegLab

Now Announcing: Sam Altman, Co-Founder and CEO, OpenAI, will join the FinRegLab AI Symposium! Our sold-out, inaugural Symposium (https://lnkd.in/gEGwzNZW) is happening this week – and we couldn’t be more thrilled with our speakers, attendees, and the level of interest we’ve received. Are you missing this year’s event? Don’t worry, we have some ways to stay engaged:? - Sign up for the AI Symposium List (https://zc.vg/7J8dA) - Follow FinRegLab on LinkedIn (https://lnkd.in/gF5yneqA) - Join this year’s waitlist (email [email protected]) Your best bet is to join our Symposium List. We’ll send you post-event highlights, videos of the sessions, news stories, and a post-event report with key takeaways. We’ll also put your name on the list for for next year’s event. Media may still email [email protected] with requests.

?? It’s almost here: the inaugural FinRegLab AI Symposium. We could not be more proud of the line up, the critical questions, our speakers, sponsors, and team! On November 21, we will be hosting over two dozen tremendous thinkers, 9 sponsoring organizations, 275+ attendees from government, technology, financial services, advocacy, philanthropy, and more. We’ll be tackling some of the moment’s most urgent questions around AI and technology use in financial services, considering topics like data use and privacy, agentive AI, automation and worker prosperity, large language models, and policy choices to build the future we deserve. Each conversation will be led by renowned leaders who will be discussing forward-looking priorities to improve consumer financial well-being and build economic opportunity. View the agenda and speakers and sign up for the post-event report: https://lnkd.in/g22Gun2x While we are currently at capacity, if you are still interested in attending, you may sign up for the waitlist by emailing [email protected].

We are thankful to the dozens of subject matter experts who contributed their expertise to last week’s Innovations for Identity Proofing and Transaction Monitoring: Advancing Financial Inclusion Through Data & Technology paper by participating in interviews and joining our recent convening with The Aspen Institute Financial Security Program! Your insights and support have been invaluable in highlighting gaps and innovations in identity proofing and transaction monitoring. Together, we are paving the way for a more inclusive financial system that helps millions of consumers access essential financial services while empowering institutions to better detect and protect against bad actors. Special thanks to Susana Barragán, Laura MacCleery, Linda Jeng, Ivo Jeník, Amit Sharma, Nick Bourke, and David Ehrich. Additionally, thank you again to The Aspen Institute’s Financial Security Program, particularly Ida Rademacher, Kate Griffin, and Erin Bor? (Thiemann); and Kelvin Chen, Gustav Witth?ft, Juan Zarate, Beju Shah, Jason Kratovil, Andrew Regenscheid, Carla Leticia Sanchez-Adams, and Visa in connection with the convening. https://lnkd.in/gWtnbZ7V

Just released! Our new report highlights the potential for artificial intelligence and other innovations to combat the rise of fraud since the pandemic and increase financial access among historically underserved consumers. "Innovations for Identity Proofing & Transaction Monitoring: Advancing Financial Inclusion Through Data & Technology" highlights gaps in traditional systems that both make it more difficult for consumers to access financial services and for financial institutions to stop bad actors. It also discusses emerging developments in data and technology for verifying and authenticating customer identities, monitoring transactions, and combating fraudulent activities. As we navigate these advancements, public engagement is essential to ensure that we reduce risks for vulnerable consumers and smaller financial institutions. Read the full report to learn how we can close existing gaps and foster a safer financial landscape for all! https://lnkd.in/gWtnbZ7V #FinancialInclusion #DataInnovation #AI #ArtificialIntelligence #FraudPrevention #Fintech #ConsumerProtection

AI in financial services will soon become ubiquitous. What will it mean for everyday people – and the macroeconomy? In an opening conversation at the?FinRegLab Symposium?on November 21, Gillian Tett, Columnist and Member of the Editorial Board,?Financial Times, will interview Lawrence H. Summers, Charles W. Eliot University Professor at Harvard University and former U.S. Secretary of the Treasury. They will explore what near- and far-term applications could mean for the U.S. economy, and which segments of society are most likely to benefit. If we are to harness AI, machine learning, and large language models to dramatically improve consumer well-being, increase economic opportunity, and reward innovation – what do we need to know?now? View the full agenda here >> https://lnkd.in/gihRCnUD Register Today via the link on your email, or send us a note at [email protected].

Deputy Director Kelly Thompson Cochran is moderating a panel at #OFN40 in Los Angeles this morning. Join us for "Unlocking the Potential of Technology to Improve Business Support Services," featuring insights from Patrick Davis of Community Reinvestment Fund, USA, Titi Ikhile of Working Solutions CDFI, and Nicole G. Jansma of Accessity. Join us for an actionable conversation about the opportunities, challenges, and key data and technology adoption considerations in advising small businesses. We'll explore intersections with FinRegLab's new report on data and technology for underwriting and how leveraging tech tools can strengthen client relationships, scale technical assistance programs, and drive sustainable impact.

Good news! We've extended the "early bird" discount for an extra week to allow more participants to receive the best rates for our AI Symposium on Nov. 21. But do sign up soon -- we expect the event to reach capacity. More details, speakers, and agenda coming soon at --> https://lnkd.in/gEGwzNZW

Our recent report, “Transforming Small Business Credit: Technology and Data Adoption in Mission-Based Lending,” would not have been possible without the first-hand insights of mission-based lenders, intermediaries, vendors, and other stakeholders in the financial services, technology, and civil society sectors. We are thankful for everyone who gave their time and expertise to this report and are particularly excited to be working with Allies for Community Business, Ascendus, LiftFund, Ponce Bank, and Texas National Bank as they pilot new lending innovations. Thanks also to readers who provided insightful comments, including Eric Weaver, Patrick Davis of Community Reinvestment Fund, USA, Anthony Barr and Cheryle Thorne-Harris of National Bankers Association Foundation, and Robert Sears, Nicole Van Der Tuin, and Luz Urrutia of Accion Opportunity Fund.? We are also grateful for the continued support of the Minority Business Development Agency - U.S. Department of Commerce and Visa, who made this research possible! Dive into the full report at https://lnkd.in/g8SPAjyJ?

Good news! We've extended the "early bird" discount for an extra week to allow more participants to receive the best rates for our AI Symposium on Nov. 21. But do sign up soon -- we expect the event to reach capacity. More details, speakers, and agenda coming soon at --> https://lnkd.in/gEGwzNZW

Our latest report, “Transforming Small Business Credit: Technology and Data Adoption in Mission-Based Lending,” explores the impact of technology adoption by mission-based lenders in expanding lending to minority business enterprises and underserved entrepreneurs. It details how these lenders are leveraging electronic feeds of bank account data and lending platforms to streamline processes, reduce paperwork burdens, and provide faster access to credit for small businesses. This shift is producing significant efficiency and inclusion benefits by helping lenders serve more borrowers and respond quickly to small business owners facing cash-flow disruptions or time-sensitive opportunities for expansion. Explore the full report now! https://lnkd.in/g8SPAjyJ #missionbasedlending #smallbusiness #entrepreneurship?