CSBS establishes new AI advisory group

The Conference of State Bank Supervisors (CSBS) has established a new advisory group on the use of artificial intelligence (AI) in the financial services sector.

The CSBS Artificial Intelligence Advisory Group includes experts from academic institutions, the financial industry, and nonprofit organizations.

“Artificial intelligence presents significant opportunities for consumers, financial institutions, and regulators, if responsibly developed and deployed,” CSBS President and CEO Brandon Milhorn said. “The CSBS Artificial Intelligence Advisory Group brings a diverse range of experiences and insights that will help support our members as they consider legal, policy, and supervisory activities related to artificial intelligence.”

The members of the CSBS Artificial Intelligence Advisory Group include:

• Kelly Cochran, deputy director and chief program officer at FinRegLab;
• John Dickerson, associate professor at the University of Maryland;
• Jeffrey Feinstein, global head of data science, LexisNexis Risk Solutions;
• Talia Gillis, associate professor of law at Columbia University;
• Daniel Gorfine, chief executive officer of Gattaca Horizons; adjunct professor, Georgetown University Law Center;
• Delicia Hand, senior director at Digital Marketplace Consumer Reports;
• Laura Kornhauser, chief executive officer of Stratyfy; and
• Nick Schmidt, founder and chief technology and innovation officer at SolasAI and AI Practice Leader at BLDS.

The CSBS is the national organization of financial regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico, and U.S. Virgin Islands. State regulators supervise 79 percent of all U.S. banks and are the licensing authority and primary regulator for nonbank financial services companies.

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