Blockchain the Budget: Aquino’s Push for Flood Fund Transparency

Aerial view of colorful roofs of residential buildings and verdant trees in flooded small village

As severe flooding once again affects communities across the Philippines amid the typhoon season, questions about the use of public funds are also rising.  Senator Bam Aquino has renewed his call for Congress to pass the “Citizen Access and Disclosure of Expenditures for National Accountability Act”, or “CADENA Act”, also known as the “Blockchain the Budget” Bill.  The […]

Digital Financial Services and Security: The Role of Facial Verification and Stronger Authentication  

The Philippine government has reinforced its commitment to digital financial protection. It highlighted the Philippine’s accelerating increase in cybercrime concerns. This significant increase demonstrates how fast cybercriminals are adapting and outpacing traditional security controls. As financial services remain to transform against digital platforms, stronger authentication and fraud-mitigation approaches have become increasingly important nowadays.  Anti-Financial Account Scamming Act (AFASA)  The provision under BSP Circular No. 1213, issued […]