FNA at the Arab Regional Fintech Working Group & Suptech Workshop in Dubai
By Adam Csabay (Head of Central Banking Engagements)
At the beginning of May, FNA headed to Dubai for the Arab Regional Fintech Working Group and the associated Workshop on Formulation of Effective Suptech Frameworks at the invitation of the Arab Monetary Fund and the Cambridge Suptech Lab.
At the event, FNA’s Global Head of Central Banking Engagement, Adam Csabay and Global Head of Delivery, Bimal Patel joined lively and insightful discussions on various topics related to technological innovation and exchanged views and perspectives with the representatives of central banks, financial authorities and technology companies from the Middle East as well as from other regions.
In addition, Adam Csabay participated in a panel session on Suptech use cases along with fellow industry peers María Cristina Molero Blázquez from Banco de España, Douglas Araujo from Bank for International Settlements, and Sam Selim from SQL Power Group – where he delivered a presentation on the application of GraphAI and Machine Learning capabilities for the purposes of effective fraud detection and investigation.
The discussion that followed the presentation clearly highlighted that the need to proactively tackle the problem of consumer fraud & scam is becoming a top priority across the globe. It was very encouraging to see that central banks, financial authorities, payment system operators, law enforcement agencies as well as commercial banks in a growing number of jurisdictions are starting to work together on initiatives such as the National Fraud Portals that enable them to address consumer fraud & scam in real-time, on the level of the entire jurisdiction, and with the use of the latest technological advances.
