AI-powered system to hunt down financial scammers

Bank Negara deputy governor Marzunisham Omar.

KUALA LUMPUR: Regulators and financial institutions are taking further steps to address the elevated prevalence of financial scams.

Bank Negara, Payments Network Malaysia Sdn Bhd (PayNet) and financial institutions yesterday launched the National Fraud Portal, an artificial intelligence-driven system that helps to strengthen the operational capabilities of the National Scam Response Centre (NSRC).