CIBI Information Inc. and the Cybercrime Investigation and Coordinating Center have signed a memorandum of understanding to strengthen public-private collaboration against financial fraud and improve the country’s defenses against increasingly sophisticated cybercrime threats.
Under the agreement, the two organizations will explore how legally shareable records can be incorporated into the broader framework of the Fraud Intelligence Data Sharing Network, or FIDS. Established by CIBI and Fintech Alliance.PH, the network is designed to let participating institutions securely share fraud intelligence, identify suspicious activity, and strengthen fraud detection.
Expanding the fraud intelligence ecosystem
The partnership reflects a shift toward a more coordinated and intelligence-driven approach to fraud prevention. Instead of relying mainly on information held within individual institutions, FIDS allows participants to contribute to and draw from a shared pool of fraud intelligence.
CIBI said adding information from public-sector partners could expand the breadth and depth of the network’s available data, potentially improving institutions’ ability to identify emerging threats before they result in losses.
The partnership comes as digital financial activity continues to expand. The release cites Bangko Sentral ng Pilipinas estimates indicating that approximately PHP15 trillion in credit flows through the Philippine banking system, highlighting the scale of the financial ecosystem that fraud-prevention measures are intended to protect.
“Fraud is no longer an isolated challenge that institutions can address on their own,” said Pia Arellano, president and CEO of CIBI Information Inc. “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.”
Detecting synthetic identities and suspicious activity
CIBI said the FIDS Network is intended to help financial institutions incorporate fraud intelligence into their decision-making processes, including the identification of synthetic identities, suspicious transactions, and other emerging threats.
“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.”
The addition of government-linked information, where legally permitted, could give participating institutions more context when evaluating potentially fraudulent activity. The release does not specify which records may eventually be shared, how access controls will operate, or what implementation timeline will apply under the MOU.
Building trust in digital financial services
Beyond fraud detection, CIBI positions the partnership as part of a broader effort to improve trust and resilience across the financial ecosystem. Greater participation from both public and private organizations is expected as the FIDS Network continues to expand.
The MOU was signed during the ASEAN Tech Summit 2026. Present at the signing were Lito Villanueva, founding chairman of Fintech Alliance.PH; Pia Arellano, president and CEO of CIBI Information Inc.; and Undersecretary Renato “Aboy” Paraiso, executive director of the Cybercrime Investigation and Coordinating Center.
In Summary
CIBI and CICC have signed an MOU to explore how legally shareable public-sector records can support the Fraud Intelligence Data Sharing Network. The initiative is designed to help participating institutions share fraud intelligence, identify suspicious activity and synthetic identities, and strengthen coordinated defenses across the Philippine financial ecosystem.