CIBI Information Inc. and FinTech Alliance PH have launched the Fraud Intelligence Data Sharing (FIDS) Network, a centralized platform that lets banks, fintech companies, and e-wallet providers pool verified fraud data to catch suspicious applicants before accounts are opened or applications approved.
The problem the network addresses is straightforward: fraud schemes move across platforms, and institutions working in isolation can’t see the full picture. A fraudster flagged by one provider can simply attempt the same scheme elsewhere. Under FIDS, member institutions contribute watchlist and blacklist entries to a shared database, and can check incoming applications against it in real time — receiving an alert if an applicant has previously been flagged by another organization.
“Ultimately, this is about protecting Filipinos who trust the digital economy with their money, their identity, and their future,” said Pia Arellano, President and CEO of CIBI Information Inc.
Current members include BDO, RCBC, HSBC, Maya, Salmon, GoTyme Bank, Uno Digital Bank, ABU-EMP, and SB Finance. All data sharing is conducted in compliance with data privacy regulations.
The network was announced at the FinTech Alliance PH 2026 General Membership Meeting, where the Cybercrime Investigation and Coordinating Center’s Executive Director Renato Paraiso framed cybersecurity as “a core component of national resilience” rather than an optional consideration.
Financial institutions and fintech companies interested in joining the FIDS Network can reach out at [email protected].
