non-banks

BSP Says Banks Must Improve Cybersecurity

by in Categories News
BSP

Banks must improve cybersecurity, according to BSP. BSP — The Bangko Sentral ng Pilipinas is requiring stronger, more adequate IT and cybersecurity risk management practices in non-banks and banks’ use of application programming interfaces (APIs) and its interconnections. On Wednesday, the central bank released Memorandum No. M-2022-016 — a new memorandum for API security controls … Read more

BSP Reminds Banks, Non-Banks To Deal Only With Licensed Gambling Businesses

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BSP

BSP is reminding banks and non-banks to deal only with licensed gambling businesses. BSP — The Bangko Sentral ng Pilipinas is reminding banks and non-banks to transact only with licensed gambling and online gaming businesses. The central bank is reminding BSFIs (BSP supervised financial institutions) to transact only with gambling and online gaming businesses that … Read more