TBC News

Tag: CIBI Information

  • CIBI Impact 2025 Unites Industry Leaders to Champion Trusted Data for a More Inclusive Financial Future

    CIBI Impact 2025 Unites Industry Leaders to Champion Trusted Data for a More Inclusive Financial Future

    Logo of CIBI Information, Inc. featuring a hexagon design and the text 'CIBI' on a torn paper background with a repeated pattern of 'TBC NEWS'.

    The country’s first and only local credit bureau, CIBI Information, Inc., marked a milestone by hosting its inaugural industry summit, CIBI Impact 2025: Trusted Data in Action, bringing together about 150 top regulators, senior executives, and decision-makers. The exclusive event focused on how data-driven insights can strengthen compliance, mitigate risk, and unlock new opportunities across sectors.

    “While we honor our history, we are equally focused on the future. At CIBI, we aim to preserve and nurture the legacy built over decades while continuing to evolve, transform, and innovate,” said Pia Arellano, President & CEO of CIBI. The event underscored the company’s commitment to being a key enabler of growth in the Philippines.

    Held at the Makati Shangri-La to coincide with CIBI’s 43rd anniversary, the summit carried the theme “Data-Driven Insights for Quicker, Smarter Decisions.” Keynote speakers included Peter B. Favila, Former Monetary Board Member and Trade Secretary; Nicholas Mapa, Chief Economist & Market Strategist at Metrobank; and Atty. Ben Joshua A. Baltazar, President & CEO of the Credit Information Corporation, who emphasized the growing role of trusted data in the country’s financial and regulatory systems.

    The program opened with keynote addresses and a fireside chat on the future of inclusive finance and the role of data in enabling it. These conversations set the tone for panel discussions and solution showcases on CIBI’s  Individual Credit Solutions, Business Credit Solutions, and Workforce Solutions, highlighting how each offering addresses industry-specific challenges.

    “Our goal is to deliver the best identity and data solutions that enable more empowered decision-making, and to be catalysts for financial growth and opportunity across all sectors of society,” Arellano added in her opening remarks.

    The summit also featured deeper discussions on CIBI’s Advanced Tier platform and Fraud Bureau, alongside real-world applications of data analytics presented by CIBI executives and presentations from key CIBI partners such as FICO, FinScore, and JurisTech. The day concluded with conversations on emerging fraud prevention strategies and innovations in credit and workforce solutions—offering a forward-looking perspective on how trusted data can help industries adapt to evolving market and regulatory demands.

    CIBI Impact 2025 reinforced the importance of strengthening the country’s credit ecosystem and highlighted the role of trusted data in building a more transparent, secure, and financially inclusive future.

  • Still Hiring on Gut Feel? Enjoy Cleaning Up the Mess Later

    Still Hiring on Gut Feel? Enjoy Cleaning Up the Mess Later

    Businesses in the Philippines are being urged to stop rolling the dice on new hires as fraud risks and identity scams plague recruitment processes.

    Fraud costs organizations an estimated 5% of their annual revenue globally, with Asia-Pacific suffering the highest average loss per case at $1.2 million, according to the Association of Certified Fraud Examiners.

    Traditional resumes and interviews no longer cut it as companies grapple with fake credentials, identity fraud, and the pressure to hire fast without thinking twice.

    CIBI Information Inc. is pitching its Workforce Solutions to help employers actually figure out who they’re hiring, offering tools for identity checks, background screening, and ongoing security monitoring.

    CIBI says annual security checks can catch fraudsters before and during employment, saving companies from preventable disasters.

    The firm argues that data-driven hiring can help employers balance speed with integrity, build fraud-resistant teams, and avoid costly mistakes.

    CIBI, the Philippines’ only local credit bureau, claims its services offer clarity and peace of mind in today’s chaotic hiring landscape.