East Africa’s Premier Fraud Prevention Summit Convenes 200+ Financial Leaders to Address Deepfakes, Mobile Money Security, and Digital Banking Risks
NAIROBI, KENYA – 3-4 JUNE – The Africa Fraud, Security & Compliance (AFSC) Summit – East Africa returns for its 3rd edition on June 3-4, 2026 at Nairobi, bringing together over 200 C-level executives, cybersecurity experts, regulators, and fintech innovators to tackle the region’s most pressing financial security challenges.
Under the theme “Securing the Future: AI-Driven Strategies for Fraud Prevention in the Digital Era,” the summit addresses critical threats facing East Africa’s rapidly digitizing financial sector, where mobile money penetration exceeds 80% and fraud losses top $100 million annually.
THE THREAT LANDSCAPE
East Africa’s position as a global leader in mobile money and digital financial services has made it a prime target for increasingly sophisticated fraud schemes:
- Deepfake fraud attempts increased 3,000% globally in 2025, with East African financial institutions experiencing targeted attacks on biometric authentication systems
- Mobile money fraud in Kenya, Uganda, and Tanzania exceeded $120 million in losses in 2025 alone
- Synthetic identity fraud is bypassing traditional Know Your Customer (KYC) checks, with AI-generated identities defeating conventional detection systems
- Cross-border payment vulnerabilities are emerging as the East African Community (EAC) expands seamless regional transactions
- Virtual asset adoption is outpacing regulatory frameworks, creating compliance blind spots
“ It was an amazing experience with a fantastic attendee list, bringing together some of the brightest minds in the security and compliance industry. The content was highly insightful and informative, and we were truly impressed by the level of engagement throughout the event. We’re already looking forward to being back for the next one!” – Dustin Strydom, VP commercial, Smile Identity
WHAT’S AT STAKE
Kenya’s M-Pesa alone processes over $50 billion annually, making mobile money infrastructure a critical component of regional financial inclusion. However, this success has attracted sophisticated criminal networks exploiting SIM swap vulnerabilities, agent network fraud, and social engineering tactics.
“The question is no longer ‘should we adopt AI for fraud detection?’- it’s ‘how fast can we deploy it?” added Wycliffe Omwoyo Mauti, Equity Bank Limited. “Organizations that wait until after a breach spend 3-4 times more on recovery than those who invest in proactive detection.”
10 CRITICAL THEMES
The two-day summit features comprehensive coverage across ten strategic areas:
- Real-Time Payments & Instant Fraud Vectors – Securing instant payment systems against emerging threats
- Deepfake & Synthetic Identity Threats – Combating AI-generated fraud bypassing biometric authentication
- Trade-Based Money Laundering (TBML) Tactics – Detecting illicit financial flows through trade channels
- Insider Threats & Social Engineering Defenses – Building resilient organizational cultures
- Virtual Assets & Crypto Compliance Risks – Navigating regulatory landscapes for digital currencies
- EAC Cross-Border Payments Security – Harmonizing fraud prevention across jurisdictions
- Mobile Money Fraud Investigation Strategies – Protecting East Africa’s financial inclusion backbone
- Africa’s Cyber Resilience Frameworks – Building incident response capabilities
- Cloud & Third-Party API Vulnerabilities – Securing digital banking infrastructure
- Digital Banking Governance Standards – Balancing innovation with risk management
EXPERT SPEAKER LINEUP
The summit features 30+ industry leaders and subject matter experts, including:
- Arthur W. Omuse, Senior Investigator – Government of Kenya
- Julius Orayo, Group Chief Information Officer – Jubilee Insurance
- Titus Sum, Head CFCR Governance Kenya – Standard Chartered Bank
- Peter Ongiare, Chair – Virtual Assets Association of Kenya (VAAK)
- Neeraj Anand, Head IT Applications & Operations – SBM Bank Kenya
- Moses Kariuki, Head Risk & Compliance – Kingdom Bank Limited
- Winnie Ngige, Global Data Protection Leader – Jubilee Insurance
Additional speakers include CISOs from leading regional banks, central bank officials, fintech CEOs, and international cybersecurity experts.
WHO’S ATTENDING
The summit attracts a highly targeted audience of decision-makers:
- 30% C-Level Executives – CISOs, Chief Risk Officers, Chief Compliance Officers, CTOs, CEOs
- 25% Senior Risk & Compliance Leaders – Heads of Financial Crime Prevention, AML/KYC Directors
- 20% Cybersecurity & Digital Identity Experts – Threat Intelligence Directors, SOC Heads
- 15% Data Protection & Forensic Officers – DPOs, Privacy Officers, Digital Forensics Specialists
- 10% Regulators & Supervisory Authorities – Central Bank Officials, AML/CFT Regulators
Sector representation includes Digital Banking (24%), Payments (16%), Retail Banking (15%), Fintech (15%), Microfinance (10%), and Mobile Network Operators (4%).
HANDS-ON LEARNING & NETWORKING
Beyond keynotes and panels, the summit offers:
- Interactive Workshops – Practical training on fraud investigation techniques and AI implementation
- AFSC Awards Ceremony – Recognizing outstanding achievements in fraud prevention and risk management
- Strategic Networking Sessions – Curated one-on-one meetings and executive roundtables
- Live Case Studies – Real-world examples of successful fraud detection implementations
- Technology Demonstrations – Latest AI-powered fraud prevention tools and platforms
REGIONAL COLLABORATION IMPERATIVE“An amazing event that bridges knowledge and collaboration for the region’s banking leaders.”– Franklin Adjei Tannor, Board Chairman, Nkoranman Rural Bank Plc. “That’s why AFSC East Africa brings together regional experts who understand our unique infrastructure, regulatory environment, and threat landscape. This is where local intelligence meets global best practices.”
The summit addresses hyper-localized risks including M-Pesa ecosystem vulnerabilities, EAC regulatory harmonization challenges, and mobile money agent network fraud—issues rarely covered at global cybersecurity conferences.
REGISTRATION & INFORMATION
Registration for AFSC Summit – East Africa 2026 is now open, with early bird rates available until [Date]. Organizations seeking to strengthen fraud prevention capabilities and connect with East Africa’s financial security community can register at https://www.biiafsc.com/east-africa-edition/.
For media inquiries, interview requests, or press credentials:
Mashunthing Huileng
Marketing
Email: mashunthing.huileng@biiworld.ae
Phone: +91 80507 51777
Website: https://www.biiafsc.com/east-africa-edition/
About AFSC Summit – East Africa
The AFSC Summit – East Africa is the region’s foremost platform dedicated to fraud prevention, financial security, and regulatory compliance in banking and financial services. Through expert keynotes, panel discussions, hands-on workshops, and strategic networking, the summit provides actionable strategies to strengthen security infrastructures and compliance frameworks. The AFSC Awards celebrate outstanding achievements in fraud prevention and risk management across East Africa.