FIDS: New Cross-Bank Network to Combat Fraud in the Philippines
The FIDS (Fraud Intelligence Data Sharing) Network by CIBI Information, Inc., in partnership with FinTech Alliance.PH, was launched on March 11, 2026.
FIDS is a platform that allows institutions to share fraud signals through a secure, centralized database.
The platform lets banks, fintech companies, e-wallet providers, and other organizations contribute and check verified fraud data, helping them flag suspicious applicants across industries before application approval or account opening.
Fraud schemes move across platforms and providers, making them hard to detect when institutions operate independently. Information identified by one organization may not be visible to another, allowing fraud attempts to continue across multiple services.
CIBI developed the FIDS Network so participating institutions can share confirmed fraud data and detect suspicious patterns earlier in the application process.
“We are very proud to bring together CIBI’s data, expertise, and governance infrastructure with the FinTech Alliance’s industry network,” said Pia Arellano, president and CEO of CIBI Information Inc., a credit reporting agency.
“This is about protecting Filipinos who trust the digital economy with their money, their identity, and their future,” she said in a press statement.
Industry Collaboration
Under the FIDS Network, participating institutions contribute fraud-related data such as watchlist and blacklist entries, as well as certain details from incoming applications and inquiries.
Member institutions that receive a new application can check the information against the shared database and receive an alert if the applicant has been flagged by another organization. Participating institutions share data in strict compliance with data privacy regulations, ensuring security and compliance.
“Fintech must not only innovate. It must also strengthen resilience and reinforce trust,” said Lito Villanueva, founding chairman of industry-led coalition Fintech Alliance PH, in the same press statement. “The FIDS Network shows how institutions can share intelligence and work together to address emerging fraud threats.”
Cybersecurity is no longer optional, according to Renato Paraiso, executive director of the Cybercrime Investigation and Coordinating Center, at the FinTech Alliance PH 2026 General Membership Meeting where the FIDS Network was launched.
“It is a core component of national resilience,” he said. “Our goal is not only to protect systems, but to also ensure that the public continues to trust critical digital services such as banking and other online platforms.”
Among the members of the FIDS Network are BDO, RCBC, HSBC, Maya, Salmon, GoTyme Bank, Uno Digital Bank, ABU-EMP, and SB Finance.
Interested organizations may contact [email protected] to learn more about joining the FIDS Network.
This content was produced in collaboration with CIBI. Our Partner Content stories help us further our mission of providing relevant stories, expert insights, and business intelligence that empower Filipino entrepreneurs. The Business Manual maintains oversight of our partnership standards.
Frequently Asked Questions
The FIDS (Fraud Intelligence Data Sharing) Network is a centralized fraud intelligence platform developed by CIBI Information, Inc. in partnership with FinTech Alliance PH. It allows participating banks, fintech companies, and e-wallet providers to contribute verified fraud data — including watchlist and blacklist entries — to a shared database. Member institutions can then check incoming applications against this database and receive alerts if an applicant has been flagged by another organization.
The FIDS Network was launched on March 11, 2026, at the FinTech Alliance PH 2026 General Membership Meeting. It was developed by CIBI Information, Inc., a Philippine credit reporting agency, in partnership with FinTech Alliance PH, an industry-led coalition for the fintech sector.
Current FIDS Network members include BDO, RCBC, HSBC, Maya, Salmon, GoTyme Bank, Uno Digital Bank, ABU-EMP, and SB Finance. Institutions interested in joining the network can contact CIBI at [email protected].
Fraud schemes typically operate across multiple platforms and providers, making them difficult to detect when institutions act independently. A fraud attempt flagged by one bank may not be visible to a competing fintech or e-wallet provider, allowing the same actor to continue applying across services. The FIDS Network addresses this gap by creating a shared intelligence layer that enables earlier detection at the application or account-opening stage.
Participating institutions share fraud-related data in strict compliance with Philippine data privacy regulations. The network’s governance infrastructure — developed by CIBI Information, Inc. — is designed to ensure that data contributed to the centralized database meets security and compliance standards before it is made available to member institutions for fraud screening purposes.