Central bank of Phillipines pushes digital-heavy society

Cybersecurity important to building trust with citizens. Governor Benjamin E. Diokno of the Bangko Sentral ng Pilipinas (BSP described his vision for the Philippines becoming a digital-heavy, cash-light society to help achieve inclusive growth – with “50 per cent or half of all transactions should be digital by 2023, and…

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Financial institutions transmitting data across borders

Data connectivity between Bangko Sentral ng Pilipinas and The Monetary Authority of Singapore. Bangko Sentral ng Pilipinas (BSP) and The Monetary Authority of Singapore (MAS) have recognised the ability to aggregate, store, process, and transmit data across borders is critical to the development of the financial sector. The expanding use…

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