August 30,2023

MENA FCCG’s Artificial Intelligence Working Group (WG) inaugurates its activities with a successful first virtual meeting

MENA FCCG AI Working Group inaugurated its activities with the first meeting that took place virtually on 15 August. By way of background, MENA FCCG decided in its Plenary Meeting in May 2023 to establish the AI WG aiming to gather Tech Leads from member banks to discuss latest Combating Financial Crime (CFC) technology initiatives and applications (AI, Advanced Analytics, Machine Learning (ML), Robotic Process Automation, etc.).

The Group is co-chaired by Mr. Farhan Abu-Leil, Head of RegTech at Arab Bank and Mr. Mark Newfield, Head of Compliance Systems at Emirates NBD. Mr. David Shepherd, Global Head of Strategy – Risk Intelligence – Data & Analytics at London Stock Exchange Group (LSEG) will serve as a Strategic Advisor.

WG members, Mr. Nishanth Nottath, UAE Public Private Partnership (PPP) Technology WG Chair and Head of AML, ABC & RegTech at Mashreq Bank, presented the latest updates on the progress made by the UAE PPP Tech WG. AI WG members also discussed the agenda for the in-person workshop hosted by Emirates NBD planned to take place in UAE on 18 October.

The meeting was attended by Mr. Karim Rajwani, Global Coalition to Fight Financial Crime (GCFFC) Lead Technology Expert AI / Machine Learning Working Group who delivered a presentation on the use of advanced analytics in the fight against financial crime. Mr. Rajwani also updated the group on the GCFFC Technology WG initiatives.


Meeting view