BAI (organization)
BAI (the Bank Administration Institute) is a nonprofit organization in the United States that provides research, training, and thought leadership events for the financial services industry. Headquartered in Chicago, Illinois, BAI also operates Banking Strategies, a daily online financial services publication. Organization BAI's mission is to give financial services leaders confidence, information, and resources in order to make smart business decisions, every day. BAI's mission is created on the belief that a strong financial services industry helps consumers, businesses, and communities thrive. BAI's members include national and global banks, credit unions, mortgage and auto loan providers, money service businesses, and larger lending institutions. In 2016, over 250,000 financial services individuals at more than 1,500 financial services organizations took compliance and professional training courses through BAI. History In 1924, several representatives of regional auditors' groups met to discuss issues in the auditing industry. Later that same year they created a national organization—the National Association of Bank Auditors and Controllers (NABAC) —and began to hold annual conventions and distribute a magazine focused on financial industry topics. In the 1940s, the NABAC established its own office—first in Cleveland and later in Chicago. And the organization began to provide both education and technical research