Central Bank of Kuwait launches ‘Fraud Shield Initiative Accelerator Program’ to tackle the rise of e-financial fraud by enhancing detection, prevention, and fostering cutting-edge anti-fraud solutions

This program brings together a diverse group of stakeholders, including banks, payment service providers (PSPs), fintech innovators, and regulatory bodies, to develop advanced solutions aimed at enhancing fraud detection and prevention across the financial sector. As electronic financial fraud schemes become increasingly sophisticated, the initiative seeks to strengthen consumer protection, ensure regulatory compliance…