Clari5 hosted the “Future-Ready Fraud Defense in the Philippines” webinar, a focused discussion on the new regulatory directives shaping the country’s financial landscape.
With the Bangko Sentral ng Pilipinas (BSP) Circulars 1213, 1214, and 1215, along with the Anti-Financial Account Scamming Act (AFASA, RA 12010), now in effect, the session explored how banks were aligning with these mandates through unified fraud and AML frameworks, real-time AI, and responsible AI practices.
Clari5 experts discussed how Philippine banks were adapting to the evolving fraud environment, where financial scams had risen 95% year-on-year. Conversations focused on transforming compliance into an operational advantage through intelligence-driven defense.
Key themes included:
• Unified FRAML (Fraud + AML) platforms as the new compliance standard
• Real-time AI detection and blocking mandated under BSP’s new circulars
• Responsible and explainable AI for regulator-ready decisioning
• Enterprise-wide orchestration to break silos and enhance resilience
• Clari5 TrustArmour and Genie (GenAI) as enablers of real-time fraud prevention and transparency
The session underlined how Filipino banks are taking proactive steps to protect customers, strengthen compliance, and build trust as digital adoption accelerated.
