Stakeholders call for coordinated action to combat rising digital financial crime
Date: 2026-04-07
By: Nana Appiah Acquaye
Industry
leaders are calling for stronger collaboration across the financial ecosystem
to tackle the growing threat of digital financial crime, which is increasingly
becoming organized and technology-driven.
The
call was made by Shaibu Haruna, Chief Executive Officer of MobileMoney Limited,
in a post shared on his LinkedIn platform following a recent fintech partner
engagement.
According
to him, discussions involving banks, fintech firms, regulators, law enforcement
agencies and the media highlighted the urgent need for a more integrated and
coordinated response to financial crime.
He
noted that digital fraud has evolved beyond isolated incidents into a
sophisticated, organized enterprise, with criminal networks increasingly
leveraging technologies such as artificial intelligence, phishing and social
engineering across borders.
The
engagement underscored concerns that current silo-based approaches are no
longer effective, with stakeholders calling for a shift toward collaborative
frameworks and shared accountability in addressing the threat.
Among
the key recommendations were the adoption of real-time intelligence-sharing
mechanisms, the development of joint fraud detection systems with regulators
and law enforcement, and the use of advanced analytics and AI to proactively
identify and mitigate risks.
Haruna
emphasized that combating digital financial crime requires sustained
cooperation across the ecosystem, stressing that collective action is essential
to building a secure and trusted digital financial environment.
