Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, will be powering up the anti-fraud initiative of CIBI Information Inc. (CIBI), credit reporting agencies in the Philippines.
Alibaba Cloud will provide CIBI with its Infrastructure-as-a-Service (IaaS) system and cloud-native services such as elastic compute, database, security, storage and network service to host CIBI’s fraud bureau, which will help financial institutions combat the rising fraud cases in the country.
Alibaba Cloud’s technologies and services will enable CIBI to experience faster deployments, high availability, strengthened security and advanced disaster recovery capabilities, ensuring a more efficient way to manage its business.
Alibaba Cloud, Fintech Alliance launch sandbox program
Alibaba Cloud fintech program aims to boost financial inclusion in PH
“Alibaba Cloud not only met all of these requirements, but its proven infrastructure and services are also compliant with the technical and regulatory requirements set for the initiative. Alibaba Cloud’s trusted solutions are the most accessible in terms of location and reliable with respect to performance and deployment of services,” said Justin Rotap, vice president and head of Product – Credit Bureau of CIBI.
“With Alibaba Cloud’s dedicated local data center, customers such as CIBI now have access to Alibaba Cloud’s latest IaaS system without worrying about compliance and data sovereignty issues,” said said Allen Guo, country manager for the Philippines, Alibaba Cloud Intelligence. “They can also enjoy reliable cloud services and enable clients to deploy mission-critical workloads with lower latency.”
In addition to improving its operating system, CIBI will also get support from Alibaba Cloud’s global ecosystem, which enables CIBI to easily adopt and run Alibaba Cloud partners’ applications on Alibaba Cloud.
With the first-ever fraud bureau in place, Filipino consumers and businesses now have greater protection against scams and frauds. This could encourage more people and businesses to access and use financial products and services, which could then help accelerate financial inclusion in the country.
As a public cloud service provider in Asia Pacific, Alibaba Cloud launched a local data center in the Philippines last year. It offers its expertise in cloud technology to provide a range of world-class solutions, including elastic compute, database, security, storage and network services and machine learning and data analytics capabilities, to address issues and challenges in the different key industries in the Philippines.
You must be logged in to post a comment.