Nigeria’s financial regulators have expressed heightened concerns regarding the increasing threat from illegal financial operators and the escalating risks associated with cybersecurity. They cautioned that these activities could jeopardize the stability of the nation’s financial system if not addressed promptly. In response to these challenges, the Financial Services Regulation Coordinating Committee (FSRCC) has unveiled new measures that include the implementation of Artificial Intelligence-powered surveillance to enhance monitoring and enforcement efforts against such illegal activities.
Related Articles
Don't miss out on breaking stories and in-depth articles.