Fintech Takes x FairPlay Presents Model Citizens: AI Compliance for Banks and Fintech Lenders E6: Crystal Ball – The Future of Financial Regulation

Aug 14, 2025

Tom Brown, a seasoned lawyer and investor, and PR Stark, Director of Machine Learning Research at FinRegLab, dive into the intriguing future of AI in finance. They discuss the transformative potential of agentic AI—systems that not only analyze but also make decisions. The conversation explores how AI can reshape customer loyalty, re-evaluate compliance roles, and why traditional banks may be surprisingly prepared. They highlight both opportunities and risks, emphasizing the need for innovative regulatory frameworks to ensure consumer protection in this rapidly evolving landscape.

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INSIGHT

AI As A Discovery Multiplier

PR Stark highlights AI's power to supercharge discovery and iteration at huge scale.
That capacity can accelerate breakthroughs in science, medicine, and engineering beyond human pacing.

ANECDOTE

From Awe To Practical Law Work

Tom Brown compared early awe of generative AI to riding in a self-driving car for the first time.
He noted LLMs can compress tasks like multi-state legal research from days to minutes, though humans must still verify results.

INSIGHT

Dangerous Information Asymmetry

PR warns of massive information asymmetry: few people deeply understand AI's mechanics and risks.
That gap will shape who controls innovation, regulation, and the societal benefits of AI.

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In the finale of Model Citizens: AI Compliance for Banks and Fintech Lenders (a six-part miniseries from the Fintech Takes podcast in partnership with FairPlay), we confront the biggest questions yet:

What does financial regulation look like in the age of AI (when the very concept of governance is under strain)? And in a world where algorithms move faster than institutions can react, how do we protect consumers, ensure fairness, and keep power in check?

If you’re looking for quick answers or one-dimensional takes, this isn’t that episode.

But if you’re looking for a candid, wide-ranging exploration of the forces reshaping financial services, law, and society, you’ve come to the right place.

With Kareem Saleh (Founder & CEO of FairPlay) as cohost, we talk deepfakes, regulatory dysfunction, and more with two experts in the trenches: PR Stark (Director of Machine Learning Research at FinRegLab) and Tom Brown (Senior Counsel at Paul Hastings).

Highlights include:

Why deepfakes could trigger the next bank run — and why most banks aren’t ready

The return of “model risk management” as the most underrated regulatory export

How agentic AI could upend overdraft revenue, shopping for a mortgage, and the regulatory calendar

Don’t miss this closing chapter of Model Citizens; a conversation as complex, candid, and full of possibility as the future itself.

This miniseries is brought to you by FairPlay.

FairPlay is an AI enablement company for financial services. They help companies build, test, optimize, validate and govern AI models. Learn more at Fairplay.ai

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