ABA partakes in the prominent J.P. Morgan Payment Banking Forum – Asia 2025

ABA Bank is pleased to be invited as a leading bank in Cambodia to participate in the J.P. Morgan Payment Banking Forum – Asia 2025, held on 7-8 May 2025 in Kuala Lumpur, Malaysia.

The event garnered key players and stakeholders, including J.P. Morgan's partner banks in payments and international transfers, alongside representatives from supervisory and regulatory authorities across ASEAN, including the National Bank of Cambodia.

This Forum serves as a strategic platform for dialogue on the latest developments, challenges, and opportunities regarding the banking and financial sector in the region.

As part of the event, Torsten Kleine Buening, ABA Bank Chief Risk Officer, participated in a high-level panel discussion "Financial Crimes and Sanctions Risk Management: Navigating Complexities".

The panel discussion addressed the growing complexity of adopting effective and efficient controls and explored the transformative role of AI in screening and monitoring financial transactions.

"At ABA Bank, we successfully leveraged AI for customer onboarding through the FacePass Secure feature, reducing the risk of so-called mule accounts. We also use AI and machine learning to eliminate false positives (wrong alerts) in our transaction monitoring system, ensuring customers do not suffer from excessive actions," highlighted Torsten.

He also pointed out that the Bank played its role in Cambodia's removal from the FATF Grey List, a significant achievement as a joint effort between the authorities and the private sector. This reflects ABA's efforts to enhance financial integrity and boost the Cambodian economy in the long run.

ABA Bank's presence at the J.P. Morgan Forum for the fourth time reinforces its position as a forward-looking institution with high-quality transactions, indicating strong compliance and KYC practices. The Bank remains steadfast in advancing best financial practices and supporting economic growth within the region.