ACCORDING to the Asian Development Bank, the Philippine economy is expected to pick up in 2024. The forecast for the 2024 gross domestic product (GDP) is maintained at 6.2 percent with household consumption and public spending on infrastructure and social services contributing to the country’s economic expansion. Regarding inflation, the…
ELECTRONIC commerce transactions made by Filipinos during this year’s Black Friday Sale were not marked safe from fraud, according to latest data from TransUnion LLC. Based on proprietary insights from the firm’s global device risk consortium, the analysis found that 12.8 percent of e-commerce transactions in the country between November…
THE world of finance is an ideal testing ground for exploring the possibilities of artificial intelligence (AI). We’re already seeing how data-driven technologies help influence our financial behavior: there are tools that use AI to assist users in investment research, and there are local apps that help people track expenses…
AS suspected global digital fraud was seen higher in the first half of 2023, a recently issued analysis by TransUnion LLC revealed that the insurance industry’s attempt rate was lower compared to its retail and video gaming industries. “When the consumer is located in the Philippines during the transaction, among…
THE income of Filipino households struggled to keep up with their financial needs in the second quarter, a consumer pulse study by TransUnion Information Solutions Inc. revealed. The study revealed that the percentage of respondents reporting worse than planned household financial situations increased to 27 percent in the second quarter…