Security
Stronger Mobile Application Security Is the Key to Revenue Growth
Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the
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Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey
Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income households, and small businesses with typically little to no access to traditional financial institutions. But while unbanked populations can benefit
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FICO Survey Indicates Growing Awareness of Identity Theft Among Filipinos
FICO, a global analytics software firm, did a recent survey on identity proofing and digital banking which showed that identity theft is a tangible threat for people in the Philippines. This survey was conducted in January 2021 by an independent
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Fintech Alliance.ph Urges the Public to Be on High Alert Due to Rising Cybercrimes
Members of Fintech Alliance.ph issued a joint statement strongly urging the public, industry stakeholders, and the government to join hands in fighting against fraudulent and criminal financial transactions online. With the COVID-19 pandemic accelerating the digital shift in financial transactions
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Cashalo Claims Users’ Accounts Not Compromised Despite Data Breach
Online lending platform Cashalo announced that it had discovered a potential data breach but reassured its users that no customer accounts or passwords were compromised. The company said that on 18 February 2021, its cybersecurity team discovered a potential data
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FICO Survey Reveals Banks in Philippines Struggling With Digital Identity Authentication
FICO, a global analytics software firm, has released its Identity in Digital Banking Survey, which found that the complexity and cost of validating the identity of digital banking customers are the top pain points for banks in the Philippines. Almost
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