Treasury targets bank AI adoption friction

The U.S. Treasury Department is initiating a series of roundtables to address regulatory hurdles hindering the widespread adoption of artificial intelligence in the banking sector. This initiative, named the “AI Innovation Series,” will convene key stakeholders including financial institutions, technology companies, and regulators. The goal is to explore AI's potential use cases while ensuring the safety and soundness of financial systems as the technology scales. This public-private collaboration aims to foster responsible AI integration within the financial industry.