Regulators must be as tech savvy as the scammers – panel
Officials say fraudsters’ use of AI means central banks will need a more agile approach to supervision
Constant changes in technology mean supervisors will have to become more collaborative and agile when dealing with fraud, according to panellists at the Central Banking Meetings, Kuala Lumpur.
In a discussion on April 1, four central bankers from European jurisdictions discussed the ways in which regulators could collaborate effectively to tackle the problem. The panel chair said identity theft, instant payment fraud and money laundering powered by artificial intelligence were resulting in
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com