NEWS
Tanzanian bankers tap skills from Egyptian Banking Institute
During the program , the latest trends and developments in various topics were discussed and presented such as strategy , sustainability , corporate governance , agility , disruptive innovation , dealing with the media and Banking Digital Transformation .
Within the framework of the Egyptian
Banking Institute ’ s strategy to develop human capital in the African banking sector , the Egyptian Banking Institute ( EBI ), the training arm of the Central Bank of Egypt , has launched the first round of ‘ EBI Executive Programme ’ for the African banking sector .
The programme aims at developing executive leadership talents and competencies as well as enriching technical knowledge for the senior executives from the African banking and financial sectors by raising the efficiency of human cadres working in these sectors .
The programme was conducted in Cairo with the participation of a number of senior executives from four banks in Tanzania and Zambia .
The in-class training programme has been designed to include different training methodologies based on case studies , simulation games and role-playing activities in order to achieve the utmost benefit of the programme .
“ The African continent is an important pillar in our strategy , therefore we continually develop co-operation opportunities and implement training programmes that invest in the human capital within the African financial and banking sectors ,” said Dr Abdel Aziz Nossier , the Executive Director of the Egyptian Banking Institute ( EBI ).
BANK OF AFRICA chooses NetGuardians ’ AI software to reinforce internal and payment fraud prevention
Swiss FinTech company , NetGuardians , has announced that BANK OF AFRICA , a pan-African bank present in 31 countries worldwide , 20 of them being in Africa , will use NetGuardians ’ fraud prevention software to further safeguard its assets and branches in Morocco against internal and payment fraud .
More than 25 client banks across Africa and the Middle East are using NetGuardians as their anti-fraud solution ; it is trusted by 40 % of the largest banks in East Africa . NetGuardians is working with banks to protect more than US $ 7 trillion in assets from fraudsters and was listed as a Global Leader in the 2021 Aite-Novarica Report on Fraud and AML Machine Learning Platforms .
Building an intricate anti-fraud culture is paramount to the growth of pan-African banking , as five of the top 10 countries most affected by fraud are in Africa , according to the Global Economic Crime and Fraud Survey .
NetGuardians software forms customer profiles through its innovative behavioural analytics , Machine Learning and Artificial Intelligence . The software monitors all transactions and provides a risk score by comparing it against the customer profile .
The software reduces the volume of false positives , providing an excellent customer and user experience while decreasing operational costs . Machine Learning algorithms help financial institutions to discover and stay on top of emerging threats from fraud schemes .
12 INTELLIGENTCIO AFRICA www . intelligentcio . com