The National Bank of Kazakhstan has announced the launch of Anti-Fraud Center. This project was implemented in cooperation with law enforcement agencies and financial market participants, El.kz reports.
The anti-fraud center is designed to counter fraudulent transactions. It allows financial institutions to identify and block suspicious transactions, quickly respond to transactions with signs of fraud, as well as exchange information in real time between all participants. The Center maintains a single database on fraudulent transactions, which helps to improve the security of financial transactions.
Since the launch of the platform, about 400 fraud-related incidents have been revealed and funds worth about 30 mln tenge have been blocked.
Further development of the Anti-Fraud Center involves expanding its technological functionality through the use of open application programming interfaces (APIs) and automation of business processes. It is also planned to introduce AI technologies to more effectively identify suspicious transactions.