CIBI Information Inc. and the Cybercrime Investigation and Coordinating Center (CICC) have partnered to improve how financial institutions and government agencies share information about fraud and cybercrime in the Philippines.
The organizations signed a memorandum of understanding (MOU) that will explore the integration of legally shareable records into the Fraud Intelligence Data Sharing (FIDS) Network, an industry-wide initiative established by CIBI and Fintech Alliance.PH.
The FIDS Network is designed to allow participating institutions to securely share fraud intelligence, spot suspicious activity, and strengthen their ability to prevent financial losses.
The partnership comes as more Filipinos and businesses move their financial activities online, increasing the need for stronger safeguards across the financial ecosystem. The Bangko Sentral ng Pilipinas (BSP) estimates that approximately ₱15 trillion in credit flows through the Philippine banking system, highlighting the scale of transactions that need to be protected.
“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. Closer collaboration among financial institutions, regulators, and law enforcement agencies is essential to strengthening the country’s ability to prevent fraud before losses occur.”
Most organizations traditionally rely on their own customer and transaction data to detect suspicious activity. FIDS takes a broader approach by allowing participants to contribute to and access a shared pool of fraud intelligence.
The addition of information from public-sector partners such as CICC could expand the information available to participating organizations, helping them identify patterns that may not be visible when data is viewed within a single institution.
“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. “Strengthening the flow of information across the ecosystem enables organizations to make better decisions while protecting the people and businesses they serve.”
For banks, fintech companies, and other financial institutions, stronger information sharing can help improve fraud screening and potentially detect suspicious activity earlier. It can also help organizations respond to threats that move across different platforms and institutions.
The CIBI-CICC partnership is part of a broader effort to strengthen trust in the country’s digital financial ecosystem by bringing government and private-sector organizations closer together in the fight against financial fraud.
CIBI expects participation in the FIDS Network to grow as more organizations from both the public and private sectors join the initiative.