KARACHI: State Bank of Pakistan (SBP) Deputy Governor Saleemullah has stressed that digital transformation is no longer optional but it is imperative for financial institutions and called for making investment in advanced analytics, artificial intelligence and automation alongside development of regulatory frameworks that balance innovation with stability. He was speaking at the 16th SaarcFinance seminar titled "Challenges and Opportunities in the Capacity Building of Central Banks and the Financial Industry: Lessons for Saarc Countries," organised by the SBP at the National Institute of Banking and Finance (Nibaf), Islamabad on Monday. The event brought together experts, policymakers and delegates from member countries of the South Asian Association for Regional Cooperation (Saarc) to discuss the critical issues shaping the future of central banking and financial systems. In his address, Saleemullah emphasised the transformative impact of technological advancements, geo-economic shifts and climate change on central banking. He also highlighted the growing role of AI, machine learning and blockchain in enhancing the efficiency, inclusivity and affordability of financial services. The deputy governor outlined three key challenges facing central banks and financial institutions. Firstly, the accelerating adoption of AI, Big Data analytics and blockchain necessitates urgent reskilling of central bank workforce to keep pace […]
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Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
