Financial Crime World

Maldives Fintech Forum to Explore Intersection of Fintech and AI in Fight Against Financial Crime

The Maldives Pension Administration Office has announced that this year’s Finance Forum will focus on the intersection of fintech and artificial intelligence (AI) to combat rising instances of financial crime. The event, scheduled for May 29 at Kurumba Maldives resort, aims to bring together international and local experts to discuss the impact of fintech on the financial sector and explore ways to harness its potential in the fight against financial crime.

A Platform for Knowledge Sharing

The forum, which has been held annually since 2012, will provide a platform for stakeholders and experts in the financial sector to share knowledge and best practices in using fintech to prevent and detect financial crimes. The theme of this year’s event is “The Future of Finance: Exploring the Intersection of Fintech and AI”, with speakers set to discuss how these technologies can be leveraged to improve financial inclusion, enhance customer experience, and combat financial crime.

Fintech’s Impact on Financial Sector

According to Aishath Fazna, Director of Stakeholder Relations at the Pension Administration Office, fintech has had a significant impact on the financial sector in the Maldives, making banking services more accessible online. However, this increased digital presence also presents new challenges in terms of cybersecurity and the risk of financial crime.

“Fintech has dramatically changed the way financial services are provided, and it’s essential that we stay ahead of the curve to prevent financial crime,” she said.

Key Attendees

The forum is expected to attract a diverse range of attendees, including:

  • Officials from the financial sector
  • Tech experts
  • Fintech leaders

With the Maldives’ financial sector increasingly vulnerable to threats such as money laundering, terrorism financing, and cybercrime, this year’s event promises to be a crucial step in the country’s efforts to strengthen its regulatory framework and protect consumers.

A Must-Attend Event

As the financial landscape continues to evolve at a rapid pace, the Maldives Finance Forum 2023 is set to provide valuable insights and practical solutions for fintech professionals, policymakers, and industry leaders. With the intersection of fintech and AI poised to revolutionize the financial sector, this event promises to be a must-attend for anyone looking to stay ahead of the curve in the fight against financial crime.