Mon. Jul 28th, 2025

The Association of Professional Bankers (APB) recently led a dialogue on technology and cyber risk supervision, bringing together key stakeholders to discuss the importance of shaping a resilient digital future in Sri Lanka. The event highlighted the need for banks and financial institutions to stay ahead of the curve in terms of technology and cyber risk management. With the increasing use of digital channels and online banking, the risk of cyber attacks and data breaches has become a major concern for the banking sector. The APB’s initiative aims to promote a culture of resilience and innovation in the face of emerging cyber threats. The dialogue featured expert speakers who shared their insights and experiences on the latest trends and best practices in technology and cyber risk supervision. The event also provided a platform for banks and financial institutions to share their own experiences and challenges in managing cyber risks. The APB’s efforts are timely, given the growing importance of digital banking and the need for banks to invest in robust cyber security measures. The dialogue also emphasized the need for collaboration and information sharing between banks, regulators, and law enforcement agencies to combat cyber crime. Furthermore, the event highlighted the importance of developing a skilled workforce that can effectively manage and mitigate cyber risks. The APB’s initiative is part of a broader effort to promote a culture of innovation and resilience in the banking sector, and to ensure that Sri Lankan banks are well-equipped to navigate the challenges of the digital age. The dialogue also touched on the need for banks to invest in emerging technologies such as artificial intelligence and blockchain, which can help to enhance cyber security and improve customer experience. In addition, the event emphasized the importance of regulatory frameworks that can support innovation while ensuring the safety and soundness of the financial system. The APB’s efforts have been welcomed by the banking community, which recognizes the need for a collective approach to managing cyber risks. The dialogue is expected to lead to further collaboration and knowledge sharing between banks, regulators, and other stakeholders, and to contribute to the development of a more resilient and innovative banking sector in Sri Lanka. Overall, the APB’s initiative is an important step towards promoting a culture of resilience and innovation in the banking sector, and towards ensuring that Sri Lankan banks are well-equipped to navigate the challenges of the digital age.

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