Beyond OTPs: BSP Circular 1213 Strengthens Authentication Standards in PH Digital Banking 

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The Bangko Sentral ng Pilipinas (BSP) has mandated robust digital banking security measures under Circular No. 1213, s. 2025, requiring Philippine banks and e-wallets to adopt stronger authentication mechanisms by June 25, 2026.  BSP-supervised Financial Institutions (BSFIs) are now required to adopt biometric, behavioral, adaptive, or passwordless authentication to protect Filipino consumers against fraud, while ensuring the resilience of the country’s digital financial ecosystem.  […]