Sam Altman joined the Fed this week to talk about the role of AI in finance, and every fintech leader should pay attention to.

On July 22, 2025, OpenAI CEO Sam Altman joined Michelle Bowman, Vice Chairman of the Federal Reserve in Washington, D.C., to explore how artificial intelligence can reshape the future of banking, security and financial services.

Yes, CEO of Openai Walking into one of the most traditional institutions in finance around the world and drawing a future that is more than just tradition.

Here are some of the key points in their discussion:

AI sound cloning becomes very realistic. Altman notes that AI can now mimic sounds so well that traditional tools such as voice-based authentication may no longer be reliable, especially for high-value transactions.

It’s time to rethink security. Banks and regulators must develop new, more advanced methods to verify identity and prevent fraud as AI becomes increasingly complex.

Artificial intelligence can drive real improvements. From faster credit checks to better customer service, Altman believes that AI can help financial institutions become more efficient and cost-effective if implemented carefully.

AI should be accessible, not exclusive. He stressed the importance of “democratizing artificial intelligence” to ensure that the benefits of the technology are widely shared rather than concentrated among a few large participants.

Job roles may change, but opportunities can also change. Although some roles will change due to automation, Altman stressed the need for retraining and smart policies to help workers transition and develop with new tools.

Although no formal partnership was announced, both Openai and the Fed expressed interest in ongoing dialogue and cooperation.

Artificial intelligence in finance is not only a concept of the future; it is already part of the conversation.

Now is the time for financial, technological and policy leaders to collaborate and shape the future.