The central bank will release the results of its investigation of the BDO Unibank Inc. hacking incident next week which will possibly include an announcement of penalties and sanctions against the involved banks.
61264 “The BSP is targeting to complete the investigation by end-January this year,
The Bangko Sentral ng Pilipinas (BSP) has set up a task force of cyber, anti-money laundering and legal experts to get to the bottom of the weekend hacking incident of BDO Unibank Inc. and KYC (Know Your Customer) lapses of Union Bank of the Philippines (Unionbank). BSP Governor Benjamin E. Diokno
Moneybees, the Philippine cryptocurrency exchange, today announced its partnership with Chainalysis, the blockchain data platform. Moneybees will adopt Chainalysis KYT (Know Your Transaction), the company’s compliance solution for real-time transaction monitoring. This collaboration will enable Mone
Published December 10, 2020, 8:24 AM
Following the introduction of the efforts being made to create smart cities, to strengthen e-banking, and to usher in a more inclusive board of tech leaders in Day 1 of the World Fintech Festival (WFF), Day 2 of the virtual event on Dec. 8 saw panelists do a deep dive into the more technical but crucially important regulatory actions that serve as both the backbone and the lifeline for a sustainable fintech future in the Philippines.
Data-Driven Infrastructure and A New Cloud Economy To Spur Economic Growth
Adoption of a data-driven infrastructure and integration into a new cloud economy can hasten the country’s post-COVID economic recovery. Alibaba Cloud Intelligence Country Head Allen Guo recognizes the fast growth of the PH economy (its GDP rising higher than others in SEA the past five years), and is committed to investing 200B CNY to build new-generation data centers.