The opportunities and challenges of introducing AI to improve healthcare: Chaesub Lee

“If the consumer or the user trusts that this new device and new solution will provide them the service that they want, with the security and privacy aspects, and that they are not going to lose their money, then people will use it more and more.” This is the view of Bilel Jamoussi, Chief of the ITU-T Study Groups Department, a view that captures the motivations behind the Fintech security work of the Financial Inclusion Global Initiative (FIGI). FIGI is designed to advance research in digital finance and accelerate financial inclusion in developing countries. FIGI is led by ITU, the World Bank Group, and the Committee on Payments and Market Infrastructures, with support from the Bill & Melinda Gates Foundation. 1.7 billion people are still without access to bank accounts. But, among them, 1.1 billion have a mobile phone. The potential for digital channels to support financial inclusion is clear, but FIGI’s work has shown that security and trust will be key to their success. Last week’s FIGI Security Clinic presented the latest findings of the ITU-led FIGI Working Group on ‘Security, Infrastructure and Trust’. In focus were new FIGI reports on topics including the mitigation of security vulnerabilities in Signalling System 7 (SS7), digital identity and strong authentication, and security assurance frameworks to increase security across the value chain.

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