Oireachtas Joint and Select Committees
Wednesday, 12 July 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payment Fraud: Central Bank of Ireland
Mr. Patrick Casey:
AI is a tool for regulators and supervisors. We deal with fraud emerging day on day and regulation needs to look to the future to ensure it evolves as fraud evolves. Mr. Kincaid mentioned earlier the importance of firms being proactive in evolving their systems and controls to meet the fraud risks of tomorrow and keeping up with it.