Financial Regulation for the Digital Age Jo Ann Barefoot, CEO & Founder of AIR

Published: Nov. 24, 2020, 7 a.m.

b'In this episode, Miguel Armaza sits down with Jo Ann Barefoot, CEO & Founder of the Alliance for Innovative Regulation and host of the podcast Barefoot Innovation. \\n\\nJo Ann is a famous advocate of \\u201cregulation innovation,\\u201d and is one of the most active and visible fintech leaders working to improve and modernize financial regulation around the world. \\n\\nShe is also a Senior Fellow at the Harvard Kennedy School Center for Business & Government and in the past was Deputy Comptroller of the Currency of the United States and a staff member at the U.S. Senate Banking Committee. \\n\\nJo Ann Barefoot \\n\\nJo Ann Barefoot is CEO & Founder of AIR - the Alliance for Innovative Regulation and host of the global podcast show Barefoot Innovation. A noted advocate of \\u201cregulation innovation,\\u201d Jo Ann is Senior Fellow Emerita at the Harvard Kennedy School Center for Business & Government. She has been Deputy Comptroller of the Currency, partner at KPMG, Co-Chairman of Treliant Risk Advisors, and staff member at the U.S. Senate Banking Committee. She\\u2019s an angel investor, serves on the board of Oportun, serves on the fintech advisory committee for FINRA, is a member of the Milken Institute U.S. FinTech Advisory Committee, and is a member of the California Blockchain Working Group Advisory Board. Jo Ann chairs the board of directors of FinRegLab, previously chaired the board of the Financial Health Network, and previously served on the CFPB\\u2019s Consumer Advisory Board. She was a Cofounder of Hummingbird Regtech.\\n\\nAbout Alliance for Innovative Regulation\\n\\nAIR is a nonprofit dedicated to modernizing the financial regulatory system. We believe that the regulatory framework needs to migrate from a largely manual to a Digitally-Native Design. This will ensure financial stability, protect consumers from harm, promote financial inclusion, curtail financial crime, and enable continuous innovation.\\n \\nAIR works at the intersection of technology, innovation, and regulation to help regulators better understand emerging technologies that can help improve financial health. Examples like cash-flow underwriting can expand safe and affordable credit to people with no credit history, increasing credit access and a creating a more fair financial system.\\n\\nAIR\\u2019s Regtech Manifesto \\n\\nFinancial regulation needs to convert from analog to digital design. This seminal thought piece calls for gradual, but urgent, conversion of the financial regulatory system to a \\u201cdigitally-native\\u201d framework. The Manifesto is a Request for Comments (RFC). It calls for discussion about a system that will be rebuilt over time to leverage the power of digitization and make regulatory outcomes better, faster, and cheaper, all at once. Join the conversation.'