The Central Bank of Kuwait (CBK) announced the launch of the Fraud Shield Initiative Accelerator Program, a strategic initiative to enhance electronic financial fraud detection, prevention, and public awareness across Kuwait’s financial sector. The program will bring together banks, payment service providers (PSPs), fintech innovators, and regulatory bodies to develop solutions to safeguard financial transactions and protect consumers, with CBK positioning the initiative as a response to increasingly sophisticated electronic fraud schemes and a means to support regulatory compliance and fintech innovation.
Central Bank of Kuwait 2025-04-15
Central Bank of Kuwait launches Fraud Shield Initiative Accelerator Program to strengthen electronic financial fraud detection and prevention
The Central Bank of Kuwait launched the Fraud Shield Initiative Accelerator Program to enhance electronic financial fraud detection, prevention, and public awareness, involving banks, payment service providers, fintech innovators, and regulatory bodies. This initiative aims to safeguard financial transactions and support regulatory compliance amid sophisticated fraud schemes.