NextBillion - A WDI Publication

An “emergency” faiVLive, co-hosted by Financial Access Initiative (FAI) and FinDev Gateway

Increasingly powerful AI tools are enabling malicious actors to target financial services systems and institutions the world over. Recently the IMF found cyber-enabled fraud has nearly tripled, with losses falling hardest on developing countries. And that was before a new generation of AI models powerful enough to spur an emergency meeting between the US Federal Reserve and the CEOs of the largest banks in the world. These emerging threats are in no way confined to large multinational banks, however. AI lowers the costs of cyberattacks, increasing the number of organizations at risk.

This faiVLive will focus on better understanding the emerging risks, and seek to catalyze informed collective action in the financial inclusion community.

Time: 10:00:00 (ET), 14:00:00 (GMT)