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ABA: The American Bankers Association
Banking Topic

Artificial Intelligence

Artificial intelligence has the potential to dramatically change the financial services industry. ABA is here to help you understand the uses, opportunities and risks of traditional and generative AI.

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Technology

AI is an umbrella term for various adaptive technologies and is not a standalone program, product or service. Banks have a decades-long history of using traditional AI for functions including fraud detection and prevention, marketing, cybersecurity, AML activity, credit underwriting and customer service. Applications for generative AI are still in the nascent phase, but banks are beginning to focus on effective risk management, governance and controls as they engage with this new technology.

News

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AI Policy Template

Use this template to help create your bank’s AI policy. ABA provides it as a guide and is not involved in policy creation or compliance.

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Policy Analysis & Advocacy Efforts

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Agency Guidance and Materials

There is a complex web of applicable laws, regulations and supervisory guidance that is relevant to AI usage. The most important are model risk management expectations issued by the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation. Technically, these do not apply to AI as such, but rather to models, but the agencies’ Supervisory Guidance on Model Risk Management provides that “[w]hile outside the scope of this guidance, more qualitative approaches used by banking organizations — i.e., those not defined as models according to this guidance — should also be subject to a rigorous control process.”

The legal and regulatory landscapes are subject to change, so please check back often.
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Agency Guidance

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ABA Resources

Crafting an Effective AI Policy for Your Bank

In this April 24th webinar, Seth Rappaport, ABA Senior Counsel on Intellectual Property, shared guidance and sample language to kick-start your policy development process.

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Related Training & Events

  • Crafting an Effective AI Governance Policy for Your Bank

    Recorded Webinar | April 24, 2025

    In this April 24th webinar, Seth Rappaport, ABA Senior Counsel on Intellectual Property, shared guidance and sample language to kick-start your policy development process.

  • SANS Cybersecurity Training Suites

    Self-Paced Training

    A suite of new courses to help bank employees at all levels understand cybersecurity risks.

  • AI Security Essentials for Business Leaders

    Self-Paced Training

    Unveil the prevalent risks, discover mitigation tactics, and gain insights into AI-related cybersecurity and policy development. Designed for AI adopters to decision-makers, this training ensures a comprehensive grasp of GenAI's transformative impact on both personal and professional realms.

  • AI Security Essentials: Role Based Training

    Self-Paced Training

    Designed for employees across all roles—from Marketing and Sales to HR and Developers—the modules prepare your team to use AI technologies safely and effectively.

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Our Experts

Brooke Ybarra

Brooke Ybarra

Senior Vice President, Innovation & Strategy

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Ryan Jackson

Ryan Jackson

Vice President, Innovation Strategy

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Ryan Miller

Ryan T. Miller

Vice President & Senior Counsel, Innovation Policy

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(202) 663-5470

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AI Working Group

This group addresses AI topics including use cases, best practices, risks and security threats. It provides feedback on agency requests and general discussions, with potential subgroups forming over time.

ABA Tech & Core Platforms Exchange

A dynamic forum to foster discussions for those actively driving banking technology—whether through core platforms, technology strategy, or innovation.