Archive
How Can Financial Institutions Put a Stop to Account Takeover Attacks
Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when
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Philippines’ New Generation of Startups Will Boost E-Commerce and Fintech
The Philippines is entering its third generation of startups, building on the groundwork laid by early tech pioneers and innovators during the past two decades. This new generation of startups are now thriving on the back of government support and
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Philippines’ SEC Issues Guidelines to Stamp Out Predatory Lending Practices
The Securities and Exchange Commission (SEC) has issued draft guidelines for the registration and operation of online lending platforms (OLPs) to stamp out abusive and predatory practices. The proposed guidelines will apply to both existing and newly registered financing and
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BSP Encourages Public to Use Digital Wallets for Holiday Gift Giving
The Bangko Sentral ng Pilipinas (BSP) is encouraging the public to use digital wallets when sending cash gifts this holiday season. The central bank said that using digital money as an alternative means of giving cash gifts is highly recommended
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How to Protect Your Ecommerce Business From Fraud This Black Friday and Cyber Monday
As we head into the holiday season, we’re projecting a significant increase in fraud attacks targeting eCommerce businesses. In this article, learn how to protect your business from the threat of fraud. In 2020, consumers spent $861.12 billion online with U.S. merchants
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RCBC’s DiskarTech App Recorded Phenomenal Growth Rate Since Last Year
Rizal Commercial Banking Corporation (RCBC), with its flagship financial inclusion app DiskarTech, has reached a five-digit organic growth in partner deposits by end of October versus same period last year. DiskarTech’s partner deposits recorded a 69,526 % and 12,765 %
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Online Lender or Bank Loan for a Filipino Businessman?
One of the breaking points of every business is when finances are negative, and you need to make a quick decision as a business owner to steer the business away from its present station. Without a doubt, you will need
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PLDT and Smart Secure Online Transactions With Vesta’s Anti-Fraud Tools
Philippines’ telecommunications company PLDT and its wireless unit Smart Communications announced that they are utilising Vesta’s anti-fraud solutions to enhance the protection of their online transactions. Vesta is an end-to-end transaction guarantee platforms for online purchases, and its anti-fraud solution
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BNPL Startup Plentina Raises US$2.2 Million to Accelerate Regional Expansion
Plentina, a Buy Now Pay Later (BNPL) startup for emerging markets, announced that it has raised US$2.2 million in a latest funding round led by New York-based venture capital firm TMV, bringing its total funds raised to US$5.7 million. Joining
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Fintech Alliance.PH Inks Agreement With the Anti Money Laundering Council
The Fintech Alliance.PH announced that it has signed the Information Sharing Protocol (ISP) with the Anti-Money Laundering Council (AMLC) to bolster the fight against money laundering and terrorism financing in the country. The AMLC is the Philippines’ Financial Intelligence Unit
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