To manage threats to fintech, the BSP is promoting a culture of cyber resilience in the industry. This involves participation in several information sharing fora in both domestic and international fronts. We encourage BSFIs to subscribe to information sharing platforms to enhance situational awareness and threat intelligence capabilities.
The BSP regulatory framework eases the banking system’s transition to the digital economy by enabling solutions under the regulatory sandbox. Forthcoming regulatory solutions include cloud computing, enhanced guidelines on e-money, virtual currency, open banking and application programming interface (API) standardization, and cybersecurity.