FNA

✨ We wrap up 2024's highlights in this special edition of our monthly newsletter, FNA Insider. As 2024 comes to a close, we reflect on the milestones and achievements that defined the year for FNA and share our appreciation for your continued support, collaboration, and dedication to our shared mission of making the financial system safer and more efficient. We wish you all the best for 2025! ✨

Join Deloitte’s Matthew Hunt, Valeria Gallo and Ben Thornhill for Session 18 of FNA's Payments Systems Broadcast as we look ahead to see what the future of money and payments holds. Today’s session on the 12th of December explores:  ⭕ The evolution of the payments landscape and the rise of real-time, interoperable payment systems  ⭕ Opportunities and risks of emerging technologies, including blockchain and IA  ⭕ The role of Regulatory Frameworks in balancing innovation with stability ➡️ Join us for the live broadcast at 14:00 https://lnkd.in/d5hbVT8B

Had an amazing time spending the last 6 weeks in the evenings with this brilliant group! From banks to startups, these professionals brought diverse perspectives to my Network Science sessions in the Digital & Social Media Analytics class for the Master of Technology Informatics program at University of Indonesia. Grateful for the opportunity to share knowledge at the university level while continuing my full-time work in the industry with FNA. Good luck to all of you in your final term today! 🚀 Looking forward to seeing how you apply these insights in your careers!

Join me and my fellow panelists, Anthony Gavin Peter Wierts Ana Maria Prieto, for what will be a really interesting and informative discussion on Suptech - Powering Digital Payments Supervision (Thursday, 12th of December, at 11-30am, EST | Cambridge SupTech Lab)

FNA and global suptech software leader SQL Power Group announce their new partnership to support central banks and financial authorities in enhancing Supervisory Technology capabilities through fully integrated, end-to-end suptech solutions. Together, FNA and SQL Power will provide central banks and other financial regulators with a configurable and fully integrated end-to-end suptech solution that provides a more efficient and proactive approach to supervision and financial oversight activities. Read the full press release: https://lnkd.in/et9QVPnP

🗞️ The latest edition of our monthly newsletter, FNA Insider, is here, bringing you the latest FNA news and insights. Find details of FNA's new partnership with SQL Power Group, read Lab's case study offering an overview of FNA's work with Peru's Supervisory Authority, and Amanah Ramadiah, PhD delivers this month's letter from Singapore! 📩 Remember, if you'd like our monthly newsletter delivered straight to your inbox, sign up via fna.fi.

Thank you to Bangko Sentral ng Pilipinas (BSP) for inviting FNA’s Kimmo Soramäki and Amanah Ramadiah, PhD to Cebu to join their Systemic Risk Dialogue conference last week organised with the International Monetary Fund. At the event, Kimmo joined a panel discussion exploring digitalization and finance from a private sector perspective alongside Jerry Ngo, (East West Banking Corporation), Ambe C. Tierro (Accenture Philippines), Martha Sazon (GCash) and G. Daniel Doney (The Depository Trust and Clearing Corporation). The session discussed the growth of the fintech market driven by new innovations. It addressed how the COVID-19 pandemic accelerated digital adoption, reshaping consumer and corporate behaviours and highlighted the systemic risks created by consumer scams to the safety and efficiency of payment systems and public -private partnerships to counter this. Thank you to Dr Johnny Noe E. Ravalo for moderating the session and BSP and the IMF for inviting us to join an insightful and wonderful event. The location wasn’t too bad either!

I am looking forward to speaking about FNA's National Fraud Portal (NFP) today at the Currency Research conference in Cape Town. The NFP is a cross-rail, cross-bank utility to track fraudulent payments and to help banks stop the right payments based on AI models running on national data.

It was a great panel! Thank you to the University of Cambridge Suptech Lab for the invitation and to Nilufer Erdebil, Puneet Rao, and Juliet Ongwae, PhD, for the lively and interesting discussion. My two cents: We should approach Suptech projects as complex systems, i.e., exhibiting numerous interacting parts whose behavior results in an emergent behavior that is not easily predicted from a project management perspective. Why? First, Suptech is about supervising the financial system, which is a complex adaptive system. Second, those solutions are to be designed, planned, tested, and implemented with financial authorities (i.e., central banks, overseers, supervisors), which are complex adaptive systems, too. Third, the solutions are complex processes: from formulating the right supervision questions to data availability, understanding and processing data, and reaching the end-user with the right UX/IU, the processes are path-dependent and exhibit non-linearities that make Suptech projects particularly hard and risky. Thus, modularity in Suptech projects may help navigate such complexities. The first form of modularity is solution modularity. Different supervision questions or objectives require different solutions; each solution should be treated as a module, enabling its addition, removal, or modernization without affecting the rest of the project. The second form is time modularity. Through incremental development, with frequent well-planned interactions among the stakeholders (i.e., good project management is the key), the test and iteration process becomes particularly efficient; it allows for quick adaptation (i.e., fail often and early) and minimizes risk while increasing speed to market. In both cases, the modularity allows us to get the right people throughout the Suptech project and to approach human-centered design comprehensively for a successful Suptech project. Again, thank you for the invitation and the great exchange of ideas and experiences.

Read Cambridge SupTech Lab’s in depth case study on the development of an AI and Machine-learning-powered social media monitoring solution for Peru’s Supervisory Authority- Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones del Perú(SBS). FNA developed a prototype of this solution together with SBS Peru, and with the support of Cambridge Suptech Lab and Winnow Technologies following FNA ‘s selection as a winner of Cambridge Suptech Lab’s launchpad competition, - an initiative supported by the Bill & Melinda Gates Foundation and the Asian Development Bank (ADB) Development Bank. Read the full case study: https://lnkd.in/gh3_Jajm