A century ago, Willie Sutton robbed banks with guns “because that was where the money was.” Today, with the rise of online banking, digital transactions, and electronic money, scam artists and fraudsters use phishing emails, hacks, synthetic identities and all sorts of scams to steal from people and financial institutions. In response to this new era of theft, firms are utilizing artificial intelligence programs designed to detect, deter, and stop scams and frauds.

On Wednesday, May 7, the Center on Regulation and Markets at Brookings will convene a panel of leading experts from Block, JP Morgan Chase, and FinRegLab to discuss the potential for AI as a new weapon to fight fraud and scams.

This event is a part of the Center on Regulation and Markets Series on Financial Markets and Regulation. Viewers can join the conversation and ask questions in advance by emailing events@brookings.edu and on X @BrookingsEcon using #AIforGood.

Welcome and moderator

Aaron Klein, Miriam K. Carliner Chair and Senior Fellow, Center on Regulation and Markets, Brookings

Panel

Brian Boates, Risk Lead, Block, Inc.

Kelly Thompson Cochran, Deputy Director and Chief Program Officer, FinRegLab

Kip Wainscott, Executive Director, Global AI Policy, JPMorgan Chase