6/9  BIS central bankers' speeches  Central bank issuance of digital currency The advent of VCs has triggered suggestions that central banks should provide central bank digital currency, or digital base money (DBM), as I have previously called it.13 DBM already exists in terms of the reserves of the banking sector held at the central bank, but the more recent question is whether central banks should make DBM more widely available.
To understand the extent of usage of alternative data in the Philippines, the BSP conducted a rapid survey in September 2021. Through the rapid survey, we were able to affirm that adopters of alternative credit scoring realize tangible benefits. The number one benefit realized by adopters is improved customer profiling followed by improved pricing of loan products and improved competitiveness in the marketplace.