Speaking at the closing of the 3rd edition of the Angola Banking Conference, which took place this Wednesday, 28th, in Luanda, Manuel Tiago Dias said that these measures aim to ensure that technological progress contributes to the stability and integrity of the financial market, in line with international best practices.
“We count on everyone’s involvement: government and regulatory authorities, financial institutions, technology companies, as well as academia, to build together a modern, resilient banking system prepared to respond to the demands of the 21st century,” he appealed.
He said that the adoption of Artificial Intelligence in the financial sector represents a strategic opportunity to strengthen operational efficiency, security, personalization of services and, above all, financial inclusion.
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The BNA governor warned, however, of the challenges that AI imposes on the financial system as a whole, such as the requirement for robust governance mechanisms, adequate regulation, technical training and a strong commitment to ethics and the protection of citizens' data.
“We recognize the impact of Artificial Intelligence and other emerging technologies on the financial system and are committed to promoting a regulatory environment that is simultaneously safe, competitive and favorable to innovation”, he highlighted, during the closing speech of the forum that discussed 'The Role of Artificial Intelligence in the Future of Banking'.
In this sense, he highlighted, the BNA has participated in the working groups of the Committee of Governors of Central Banks of SADC (Southern African Development Community), where it shares experiences and contributes to the development of regional guidelines on the use of AI in financial services.
Manuel Tiago Dias highlighted that, internally, the institution he heads has been implementing initiatives to modernise the financial system, namely through the reinforcement of digital supervision systems, automation of monitoring processes and development of AI-based tools to support supervision and financial stability functions.
As part of its Libongo Strategic Plan 2023-2028, he said, the National Bank of Angola is improving its instruments and processes to improve the management of statistics and communication with the different stakeholders in the sector, reinforcing transparency and confidence in the Angolan financial system.
According to the BNA governor, these measures aim to ensure that technological progress contributes to the stability and integrity of the financial market, in line with the best international practices.
The leader of the institution that regulates banking activity in the country noted that, at the same time, the Central Bank has made efforts to promote digital literacy and ensure that the adoption of new technologies is done in a sustainable and safe manner.
