Stakeholders to Discuss Trust, Security and Privacy in AI Era

Financial industry experts are set for the first edition of Payments Forum Nigeria (PAFON), scheduled for the first quarter of this year.

The Payments Forum Nigeria is a cross-industry platform focused on addressing issues that require broad cooperation and coordination across many constituents in the payments industry.

Payments Forum Nigeria, which will take place at Oriental Hotel, Lekki, Lagos on March 21, aims to provide an inside-look at the industry, offering perspectives from key stakeholders, including payment networks, technology innovators, leading merchants, issuers, acquirers and payment processors.

Throughout the years, the finance sector has shifted into something much more than just banking, just as big corporations. Blockchain and the FinTech society have managed to create a new world that is much more inclusive, and full of opportunities.

Based on a report by Gartner, which predicted that by 2024, 40 per cent of privacy compliance technology will rely on AI, up from 5 per cent in 2019, and by 2025, 60 per cent of large organisations will use at least one privacy-enhancing computation technique in analytics, business intelligence, or cloud computing, the financial services industry is making efforts to become part of the growth trajectory.