RIZAL Commercial Banking Corporation's executive vice president and chief innovation and inclusion officer, Lito Villanueva, emphasized the critical role of artificial intelligence in combating fraud and expanding loan access during an event hosted by the European Chamber of Commerce of the Philippines on Dec. 10, 2024. Bangko Sentral ng Pilipinas Deputy Governor Chuchi Fonacier also participated.
AI is essential to detect suspicious patterns early, safeguarding banks. Threats are global, requiring collaboration across borders,' Villanueva stated.He added, 'The financial sector must move beyond silos locally and globally. Challenges are intertwined with Sustainable Development Goals, requiring partnerships across industries and regions for a cyber-secure future.'The panel featured BSP DG Chuchi Fonacier, UBX President and CEO John Januszczak, SGV & Co.
Exec Pushes For AI And Global Collaboration In ECCP Event
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