Sri Lanka's digital economy is at a crossroads. As mobile banking and digital payments expand at a rate unprecedented before, the Central Bank of Sri Lanka (CBSL) is sharpening its attention to one key area — fraud management and cyber resilience. From the Baseline Security Standard for Information Security Management to the latest Circular No. 2 of 2025 (on IT and Cybersecurity Incident Reporting), the CBSL is raising the bar on digital security. All licensed banks and Payme

Walk into any café or market in Phnom Penh today, and chances are you’ll pay by scanning a QR code. Cambodia’s digital payment ecosystem — powered by the National Bank of Cambodia’s Bakong system — has rapidly become one of Southeast Asia’s fastest-growing digital economies. But with adoption rising, so does the threat of cyber. The NBC has time and again called on financial institutions to "prioritiz e resolving customer complaints and strengthen their management against cyb

Indonesia's digital economy is thriving — from instant payments to mobile wallets, innovation is transforming the way tens of millions of people transfer money daily. But with growth, risk comes. Financial crime is increasingly complex, and regulators are acting quickly to keep pace. To enhance consumer protection and system confidence, Otoritas Jasa Keuangan (OJK) — Indonesia's Financial Services Authority — issued POJK Regulation No. 12/2024, a robust regulation mandating a

In today’s fast-paced financial world, risks evolve rapidly. Fraudsters constantly adapt, exploiting new vulnerabilities. To stay ahead, institutions must leverage advanced tools. Fraud detection technology has become essential. It offers real-time insights and automated responses that protect assets and reputation. This post explores how this technology works, its benefits, and practical steps to implement it effectively. Understanding Fraud Detection Technology Fraud detect

Vietnam's digital banking landscape is growing fast — fueled by efforts such as Project 06 and a robust thrust toward digital identity. But that growth also necessitates tougher countermeasures against fraud and cybercrime. The State Bank of Vietnam's Decision No. 2345/QD-NHNN (Decision 2345) is an important step in this direction. It requires biometric authentication for any transaction exceeding VND 10 million (or aggregate daily limits over VND 20 million) — a new era of s

The digital payments landscape of the Philippines is growing more rapidly than ever — from instant transfers to e-wallet expansion. However, with the fast innovation comes a steep increase in scams, mule accounts, and account takeovers. To remain competitive, the Bangko Sentral ng Pilipinas (BSP) launched Circular No. 1213, enacting the Anti-Financial Account Scamming Act (AFASA). This historic regulation mandates all BSP-supervised Financial Institutions (BSFIs) to utilize r

Artificial intelligence is no longer an emerging technology in Banking and Insurance; it's the engine powering critical banking functions from fraud detection to credit scoring and lead generation. Its ability to analyze vast datasets and identify complex patterns has delivered unprecedented efficiency and accuracy. But as AI models become more sophisticated, they often become more opaque, creating a critical challenge that organizations can no longer ignore: the "black box"

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