This is the challenge CIBI Information Inc. and the Cybercrime Investigation and Coordinating Center (CICC) are seeking to address as they strengthen public-private collaboration and explore wider intelligence sharing against financial fraud and cybercrime.
The two organizations signed a memorandum of understanding to explore how legally shareable records could be incorporated into the Fraud Intelligence Data Sharing (FIDS) Network, an industry-wide initiative established by CIBI and Fintech Alliance.PH.
FIDS allows participating institutions to securely share fraud intelligence, identify suspicious activities and strengthen defenses against emerging threats.
Connecting the dots
The initiative seeks to move fraud detection beyond the traditional approach of institutions relying largely on their own internal data.
By drawing from a shared pool of intelligence, participants could gain a broader view of suspicious activities that cross platforms and organizations. Information that may appear insignificant to one institution, for instance, could help reveal a wider pattern when combined with intelligence from others.
“Fraud is no longer an isolated challenge that institutions can address on their own,” CIBI president and CEO Pia Arellano said in a statement.
“Threats today move across multiple platforms, organizations, and industries. Closer collaboration among financial institutions, regulators, and law enforcement agencies is essential to strengthening the country’s ability to prevent fraud before losses occur,” she added.
The partnership comes as the country’s digital economy and financial sector continue to expand. CIBI cited Bangko Sentral ng Pilipinas estimates that about P15 trillion in credit flows through the Philippine banking system, highlighting the need for stronger safeguards for consumers and institutions.
Shared intelligence
The potential addition of legally shareable information from public-sector partners could expand the breadth and depth of intelligence available through FIDS.
“FIDS was designed to help institutions integrate fraud intelligence into their decision-making processes so they can identify synthetic identities, suspicious activities, and other emerging threats more effectively,” Arellano said during the ASEAN Tech Summit 2026.
She said improving information flows across the ecosystem could help organizations make better decisions while protecting consumers and businesses.
Building digital trust
Beyond fraud detection, CIBI sees greater intelligence sharing as a way to strengthen trust and resilience across the financial ecosystem as more transactions shift online.
The company expects participation in FIDS to broaden among public- and private-sector organizations as the network expands.
For financial institutions, that expansion could make collaboration an increasingly important line of defense as fraudsters become more adept at moving across the boundaries separating companies, platforms and industries. —Ed: Corrie S Narisma
