The Federal Deposit Insurance Corp. announced it has named Sultan Meghji as the agency’s first chief innovation officer, charged with leading the FDIC’s efforts to promote the adoption of innovative technologies across the financial services sector. Meghji is co-founder of Neocova, a St. Louis-based financial technology firm that develops artificial intelligence-based software for community banks and credit unions. He has also been involved in efforts to bring digital and peer-to-peer banking to underserved areas of Africa and Central Asia. “As a recognized expert in financial technology, Sultan brings years of technical knowledge and an entrepreneurial spirit to our FDiTech team,” FDIC Chairman Jelena McWilliams said in a news release. “Under his leadership, I am confident we will find innovative ways to utilize technology to modernize our bank supervision, enable community banks to adopt technological solutions, and bring more underserved people into the financial fabric of our nation.”