The National Bank of Moldova (NBM) uses a number of artificial intelligence (AI) tools to improve operational efficiency. The central bank plans to expand the use of AI tools in several key areas, NBM head Anca Dragu said during the 15th seminar on financial stability, organized by the National Bank of Romania in Sinaia.
The NBM said in a press release that AI is already used in areas such as optical character recognition in the conversion of scanned documents, and classification of key information.
The NBM wants to expand the use of AI tools in the supervisory activity, where “these technologies can improve the report analysis process, identifying risks and ensuring compliance more effectively”, explained Anca Dragu.
“Our goal is to integrate AI in ways that improve operational efficiency and decision-making, while ensuring that these innovations do not affect data security and financial stability,” the NBM governor told the “AI and financial stability risks” panel.
According to the official, AI could also be used in areas such as detecting fraud and combating money laundering (AML), automating reporting processes, ensuring consistency and accuracy in regulatory files, and modeling complex interconnections in the financial system.
