CIBI, CICC Partner to Strengthen Financial Fraud Defenses in the Philippines

The agreement will explore how legally shareable public-sector records can support a broader fraud-intelligence network for detecting suspicious activity and emerging threats.

CIBI Information Inc. and the Cybercrime Investigation and Coordinating Center (CICC) have signed a memorandum of understanding to strengthen public-private collaboration against financial fraud and increasingly sophisticated cybercrime threats.

Signed during the ASEAN Tech Summit 2026, the agreement will allow the organizations to explore how records that may legally be shared can contribute to the Fraud Intelligence Data Sharing (FIDS) Network.

The network was established by CIBI and FinTech Alliance.PH to help participating institutions securely share fraud intelligence, detect suspicious activity and improve their defenses against emerging schemes.

Why shared fraud intelligence matters

Fraud can move across banks, digital platforms, organizations and industries. Information available to one institution may reveal only one part of a wider pattern, making coordinated intelligence increasingly important for early detection.

“Fraud is no longer an isolated challenge that institutions can address on their own,” said Pia Arellano, president and CEO of CIBI. “Threats today move across multiple platforms, organizations, and industries.”

Arellano said closer collaboration among financial institutions, regulators and law-enforcement agencies is essential to improving the country’s ability to prevent fraud before losses occur.

Unlike systems that rely mainly on an organization’s internal records, FIDS is designed to let participants contribute to and benefit from a shared pool of fraud intelligence. Information from public-sector partners could broaden the network’s view of suspicious patterns, subject to applicable laws and data-sharing rules.

The partnership does not mean unrestricted access to government or customer information. Its stated scope is to explore how records that can legally be shared may be incorporated into the network’s broader fraud-intelligence framework.

Detecting synthetic identities and emerging threats

Arellano said FIDS can help institutions integrate fraud intelligence into decision-making and identify synthetic identities, suspicious activities and other emerging threats more effectively.

“Strengthening the flow of information across the ecosystem enables organizations to make better decisions while protecting the people and businesses they serve,” she said during the summit.

The need for stronger safeguards grows as more financial activity moves online and the country’s credit market expands. The source release cited approximately ₱15 trillion in credit flowing through the Philippine banking system. A Bangko Sentral ng Pilipinas report for the second half of 2025 similarly showed that universal and commercial banks accounted for ₱15.8 trillion, or 92.3%, of total bank loans.

At that scale, fraud prevention affects more than individual institutions. It also helps protect consumers, preserve trust in digital financial services and support the resilience of the broader economy.

Building confidence in digital finance

The CIBI–CICC partnership reflects a shared effort to promote accountability and improve coordination across the financial ecosystem.

CIBI expects participation in the FIDS Network to expand among public- and private-sector organizations. Wider participation could help institutions recognize threats that might remain hidden when information is held in separate systems.

The agreement’s central message is straightforward: as financial fraud becomes more connected, the response must become more coordinated. Secure and lawful intelligence sharing can give institutions a clearer view of emerging risks while helping protect the people and businesses using digital financial services.

For more information about CIBI and the FIDS Network, visit CIBI.com.ph.