This webinar took place on the 29th September 2021. You may watch the recording below.
Just as consumers and corporates like instant payments for their speed and irrevocability, so do fraudsters.
In the Middle East, the launch of an Instant Payments system in Saudi Arabia, in the first quarter of 2021, comes as the pandemic has propelled a double-digit percentage rise in e-commerce sales in Saudi Arabia and the UAE. At the same time, the payments market in the Middle East and North Africa is rapidly growing, with the digital payments market expected to post 6.5 percent CAGR from 2020 to 2025.
While the instant payment systems are increasingly implemented by the financial institutions in the Middle East and Africa, fraud remains as a major hurdle to full adoption.
With this context, Finastra and NetGuardians are bringing together a panel of top payment experts who will share their insights on the latest faster payments and fraud risk trends in the Middle East and Africa. During the webinar our expert speakers will deep dive into topics such as:
- Real-time payments & fraud: trends & challenges in the region
- Recent fraud schemes
- Latest best practices and solutions
- How AI can help banks with challenges
- Open discussion with panel
- Interactive Q&A session