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Experts at House hearing urge robust sandboxes and technical standards to test AI in finance
Summary
Multiple witnesses told the House subcommittee that regulatory sandboxes, red‑teaming, and consensus industry standards could accelerate safe AI adoption in banking and fintech while preserving competition and protecting consumers.
Witnesses at the House Financial Services subcommittee hearing recommended expanding supervised testing environments and technical standards so companies can experiment with high‑impact AI use cases while regulators learn how to assess risk.
Why it matters: Several witnesses said supervised testbeds can help firms and regulators identify real‑world risks before broad deployment — especially for agentic AI and generative models that can take multi‑step actions.
Christian Lau, cofounder and president of Dynamo AI, told the subcommittee that regulators should "expand the use of AI sandboxes, as called…
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