CIBI Launches the Fraud Bureau, Encourages Collaboration to Fight Cybercrime
The Fraud Bureau aims to combat cybercrime, particularly fraud, through the collaboration of the different stakeholders of the financial sector.
CIBI Information Inc., the Philippines’ first and only local credit bureau, has launched the Fraud Bureau. The launch of the Fraud Bureau is CIBI’s response to the urgent need for a coordinated, data-driven approach to fight cybercrime.
A collaborative initiative that unites banks, fintechs, and financial institutions, the Fraud Bureau allows collaborators to share data on potentially deceptive applicant activity securely. Among the data that can be securely shared are watchlist or blacklist information, as well as details from incoming applications and inquiries.
“The significant increase in fraudulent activity highlights the urgent need for coordinated action,” said CIBI President and CEO Pia Arellano. “CIBI recognizes that data-driven collaboration is essential to tackling fraud—an insight that helped shape the Bureau’s framework and mission.”
“This collaborative approach strengthens industry-wide defenses and supports greater trust and transparency in the financial ecosystem,” Arellano added.
What to Know About the Fraud Bureau
The Fraud Bureau is committed to combating fraudulent activity and strengthening fraud prevention in the nation’s financial ecosystem. It seeks to foster greater trust and transparency across the industry.
“This initiative marks a meaningful step toward empowering Filipinos and fostering sustainable progress through responsible fintech innovation,” the CIBI President and CEO noted.
“By collectively combating fraud, we not only protect consumers but also build confidence in digital financial services—enabling broader adoption, financial inclusion, and long-term resilience in the country’s evolving fintech landscape,” Arellano added.
Advancing Financial Inclusion in the Philippines
The Fraud Bureau is part of CIBI’s efforts to advance financial inclusion in the country by providing reliable data-driven insights to enable informed decisions for businesses and consumers.
With the goal of enhancing the effectiveness of shared information, CIBI is partnering with like-minded institutions to drive stronger fraud prevention and greater transparency in the Philippine financial ecosystem.
Through the Fraud Bureau, the finance sector can enhance defenses against fraud and contribute to a safer, more transparent system.
CIBI is now inviting fintech companies to join its Fraud Bureau. Those interested may contact CIBI through their website or fill up the form to learn more about the Fraud Bureau.
