CIBI Information Inc. has entered into a data-sharing agreement with the Securities and Exchange Commission (SEC) to improve access to verified financial information and support transparency in the business sector.
The agreement allows CIBI, a local credit bureau, to access the SEC’s eSEARCH platform, which contains company registration and regulatory data. This initiative aims to address long-standing gaps in data availability that often make it difficult for businesses to assess risks, verify legitimacy, and make informed decisions.
“This collaboration between the Securities and Exchange Commission and CIBI Information, Inc. is a powerful step toward bridging the information gap and strengthening the financial ecosystem in our country,” said Pia Arellano, president and CEO of CIBI. “With this partnership, we are opening new doors to opportunities for businesses, particularly SMEs, helping them evaluate partners, assess risks, and build trust in their transactions.”
Supporting reliable decision-making
Through the partnership, CIBI can now offer services with improved accuracy by directly integrating verified data from the SEC. This access helps businesses improve their internal data systems, making the process of due diligence more reliable and efficient. Individuals using CIBI’s services also benefit from the increased credibility of the information they receive.
“It has been one of our foremost goals to keep the agency abreast with evolving technology to make sure that our stakeholders get the services they need in the best way possible…We hope that this MOA will help both the SEC and CIBI in accelerating our shared commitment to improving the business environment in our country,” SEC Chair Emilio Aquino said.
Helping the wider financial ecosystem
Beyond the benefits to CIBI and its clients, the agreement also plays a role in improving the broader financial system. More accurate data supports better lending decisions, which can lead to greater financial inclusion. The move is also expected to boost confidence among stakeholders and help create a more stable business environment.