Eric Duflos

Senior Financial Sector Specialist

Eric Duflos leads CGAP’s work on consumer protection and responsible finance, from policy, industry and customer perspectives, ensuring that financial services have positive outcomes for customers. One of his current focus areas is on combating fraud in digital finance, including with AI powered solutions. He also coordinates CGAP’s work with global Standard Setting Bodies.

Eric has 30 years of experience in advancing financial inclusion and economic development, with a strong focus on policy and regulatory issues. His most recent position was director of the office of the UNSGSA, H.M. Queen Máxima of the Netherlands where he supported her policy advocacy work. He also helped the UNSGSA design and launch the CEO Partnership for Economic Inclusion. Prior to this, Eric has held several positions within CGAP, including regional representative for East Asia and the Pacific based in Singapore. Eric’s research and advice have focused on client-centered policy and regulatory issues, and digital finance. In a recent report he proposes a framework for building more “Responsible Digital Finance Ecosystems”. He has authored numerous articles and publications and taught policy and regulation issues at the Turin/Boulder course, Sciences-Po Paris, and universities in Singapore.

Before joining CGAP, Eric worked seven years in the Lao PDR to support the emergence of a financial inclusion policy framework with UNCDF, the Bank of Lao PDR, and the World Bank. He holds a master’s degree in management from EM Lyon, and a master’s in economics and international relations from SAIS, Johns Hopkins University.

By Eric Duflos

Blog

Fighting Fire With Fire – Can AI be Used to Combat AI-Powered Fraud?

As criminals weaponize AI for sophisticated financial scams, institutions are fighting back. Explore how authorities are using analytical and generative AI to combat fraud and safeguard consumers.
Blog

Fraud in Digital Finance: a Crisis Calling for Ecosystem Solutions

Global financial fraud is a rising challenge, but solutions are emerging. We explore how cross-border collaboration, AI-driven detection, and coordinated regulation can protect digital finance users and secure global financial inclusion.
Research

Solutions to Protect Consumers from Fraud in Digital Finance

This working paper presents a curated set of solutions for fraud (many of which are AI-powered), with more than 50 examples that have shown varying levels of success in protecting consumers from fraud in digital finance, across education, prevention, detection and disruption, and response and recovery.
Blog

The Changing Nature of Consumer Risks in Digital Finance

This blog explores how digital financial service (DFS) risks—like fraud and data misuse—are becoming more complex due to AI, social media, and organized crime, emphasizing the need for stronger market monitoring to protect consumers.
Blog

Liability in Open Finance: How Do We Make It Work for Consumers?

As open finance grows, clear liability frameworks are essential to protect consumers from fraud and data leaks. This blog explores how global regulators can build trust through better accountability, stronger consent, and collaborative oversight.