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Financial Services Law Insights and Observations

FDIC announces first-ever chief innovation officer

Fintech FDIC Bank Regulatory


On February 16, the FDIC announced the appointment of Sultan Meghji as the agency’s first Chief Innovation Officer. Prior to the FDIC, Meghji was the co-founder of a financial technology firm that provides, “secure, cloud-native, artificial intelligence-based software for community banks and credit unions.” Additionally, Mr. Meghji served as an advisor to the U.S. Treasury, the Group of Seven (G7), the OCC, and the FBI in the areas of cybersecurity, quantum computing, and artificial intelligence. In accepting the position, Meghji stated that his mission “is to engage both public and private sector partners to ensure the financial system of the future is innovative, resilient, and equitable.”