FNA Insider: October 2024

Malaysia's NFP Traces Stolen Funds in 30 Minutes

Bank Negara Malaysia’s Deputy Finance Minister, Lim Hui Ying,? discusses how Malaysia’s newly launched National Fraud Portal (NFP) accelerates fraud detection in this article for Fintech News Malaysia. Since its launch, the NFP has significantly reduced the time required to trace stolen funds to just 30 minutes on average and improved the detection of mule accounts thanks to enhanced automation and real-time data sharing among financial institutions.??

The National Fraud Portal was developed by Bank Negara Malaysia and PayNet (Payments Network Malaysia), with FNA supporting the NFP with fraud analytics such as the FNA Money Trails solutions. This new capability enables banks to track funds across the banking system in real-time, quickly flag suspect transactions and earmark stolen funds for recovery, and identify mule accounts. If you’d like to learn more about how FNA is accelerating fraud prevention and detection, please reach out to the FNA team.??

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CBDC Broadcast? #28: rCBDC Adoption: Consumers, Merchants and Intermediaries

Guests Natsuki Tsuda (Ministry of Finance, Japan) and Tayo Tunuathon Koonsprasert (IMF) joined FNA for October's CBDC Broadcast. The session followed on from our guests' recent contribution to the IMF's CBDC Virtual handbook which addresses how engaging with end-users and intermediaries is key to overcoming the challenges associated with implementing retail CBDCs. We discuss their findings in this session.??

Watch and Listen to the broadcast on demand >

A Letter from...Toronto?

This month's "Letter from" series continues with a letter from Toronto written by Data Scientists Chloe and Gian. The pair tell us about their visit to the iconic Canadian City to meet clients and prospects and share highlights from the trip.??

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Listen to our Broadcasts on the Go?

We've been working behind the scenes to make access to FNA's broadcast series as seamless and easy as possible. You'll now find every session from the series so far where you get your podcasts. Whether that's Amazon Music, Spotify, or Apple Podcasts, you can catch up with any sessions you've missed while you're on your morning commute, out for a run, or where suits you best.?

Listen now: Spotify | Amazon Music | Apple Podcasts >