The U.S. Treasury Department says it is rolling out a major new effort aimed at making AI safer and more resilient inside the American financial system.
In a new announcement, Treasury says it has concluded a large public-private initiative designed to strengthen cybersecurity and risk management as banks and financial firms adopt AI tools.
The initiative supports the President’s AI Action Plan and will release a series of six resources throughout February to help institutions deploy AI securely.
Says Treasury Secretary Scott Bessent,
“As this Administration has made clear, it is imperative that the United States take the lead on developing innovative uses for artificial intelligence, and nowhere is that more important than in the financial sector. This work demonstrates that government and industry can come together to support secure AI adoption that increases the resilience of our financial system.”
The effort was led by the Artificial Intelligence Executive Oversight Group (AIEOG), bringing together senior executives from financial institutions, regulators and other industry stakeholders. The group focused on closing gaps in how the financial sector manages AI-related cybersecurity risks while still encouraging innovation.
Treasury says the tools are designed to be practical rather than prescriptive, meaning firms can apply them without facing rigid new rules. The resources target key areas such as governance, data handling, transparency, fraud prevention, and digital identity management.
Industry executives say the collaboration is meant to help institutions of all sizes adopt AI while limiting risks tied to cybersecurity and operational resilience.
Treasury says the initiative is intended to strengthen AI data, infrastructure and models used across financial services, while pushing American AI systems globally as adoption accelerates.
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.