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Multifactor authentication now mandatory in all online financial engagements

It is now mandatory for banks, financial institutions and their clients to employ so-called multifactor authentication systems when transacting online as countermeasure in a feared surge of cyber attacks in the country.

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Image from kiplinger.com

New technological ways to pay are trending on social media

Digital wallets continued to gain prominence in smartphones and laptops worldwide and dominated the discussion of new ways to pay, with the topic now topping 83 percent of Asia Pacific conversations and 75 percent of global conversations tracked in the 2017 edition of the Mastercard Digital Payments Study.

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BSP orders banks to strengthen authentication of clients’ identity

The Bangko Sentral ng Pilipinas (BSP) is set to require banks operating in the country to beef up their authentication requirements as part of the all out campaign against cyber crime.

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Bill on BSP regulatory powers welcomed

PAMPANGA Rep. Gloria Macapagal Arroyo has welcomed the House of Representatives’ passage of a bill seeking to grant the Bangko Sentral ng Pilipinas with regulatory and supervisory powers over the country’s payment systems.

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Acudeen CEO co-founder Magellan Fetalino III, and Seedstars Group co-founder Pierre-Alain Masson (right) holding the investment prize award. (Visual from Seedstars World)

Philippines’ fintech startup Acudeen wins Seedstars World 2017, bags $500k

Philippine-based financial technology (fintech) startup Acudeen Technologies became the overall winner for Seedstars World 2017, a global seed-stage startup competition for emerging markets that concluded Thursday night in Switzerland.

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