Emerging technologies like artificial intelligence present new opportunities to make our financial system more secure, inclusive, and efficient.
Editor's note · Context
Foster discusses the potential benefits and risks of AI in finance.
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Americans are better off when we have options, and we should strive for a competitive marketplace for banks of all sizes.
Was there anything you wanted to add about the oil cap policy that you didn't have a chance to during the previous round of questioning?
Many financial firms I talked to just told me that a reliable form of digital ID would really simplify the Anti-Money Laundering/Know Your Customer (AML/KYC) process, and make it faster, cheaper, and more reliable when they have to confirm…
Yes. For example, if this was in place during COVID, when we had to onboard massive numbers of unbanked customers, but the customers had had a secure digital ID, would that have been a big improvement in our response to COVID?





