{"id":108566,"date":"2017-07-27T21:04:23","date_gmt":"2017-07-28T01:04:23","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=108566"},"modified":"2017-07-27T21:04:23","modified_gmt":"2017-07-28T01:04:23","slug":"bsp-eyes-innovation-on-it-related-data-processes","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/07\/27\/bsp-eyes-innovation-on-it-related-data-processes\/","title":{"rendered":"BSP eyes innovation on IT-related data processes"},"content":{"rendered":"<figure id=\"attachment_108571\" aria-describedby=\"caption-attachment-108571\" style=\"width: 225px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/bsp-logo1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-108571\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/bsp-logo1.jpg\" alt=\"The central bank chief said the system that is now being studied will also help the central bank determine which among the complaints submitted by the public need to be prioritized. (PNA photo)\" width=\"225\" height=\"225\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/bsp-logo1.jpg 225w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/07\/bsp-logo1-150x150.jpg 150w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/a><figcaption id=\"caption-attachment-108571\" class=\"wp-caption-text\">The central bank chief said the system that is now being studied will also help the central bank determine which among the complaints submitted by the public need to be prioritized. (PNA photo)<\/figcaption><\/figure>\n<p>MANILA, July 27\u2014 \u00a0Enhanced information technology-related process and regulations of the Bangko Sentral ng Pilipinas (BSP) will be in place within 2017 to address rising cybercrimes in the banking sector.<\/p>\n<p>BSP Governor Nestor A. Espenilla Jr. said the central bank has received a technical assistance and their partner, which he did not name, is now identifying experts who will develop the system.<\/p>\n<p>\u201cOur main point is right now (is) we want to come up with a more efficient way and more effective way to get data from reporting institutions that is why we are talking about API (Application Programming Interface) systems,\u201d he said.<\/p>\n<p>The central bank chief said the system that is now being studied will also help the central bank determine which among the complaints submitted by the public need to be prioritized.<\/p>\n<p>\u201cHere we are using chatbots or artificial intelligence,\u201d he said.<\/p>\n<p>Espenilla said he has no idea how the pilot program will turn-out but noted that \u201cit is worth the experiment.\u201d<\/p>\n<p>\u201cWe are keeping an open mind as to where this will go forward. It is parallel to our processes,\u201d he added.<\/p>\n<p>Relatively, BSP Deputy Governor Chuchi Fonacier said the central bank has existing rules on digital innovation and enhancements of these are in the pipeline.<\/p>\n<p>She said new rules will be out within the next three to four months.<\/p>\n<p>\u201cThe refinements are really with emphasis more on incident reporting,\u201d she said, citing a possible requirement for banks to report even minor attacks within 48 hours. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, July 27\u2014 \u00a0Enhanced information technology-related process and regulations of the Bangko Sentral ng Pilipinas (BSP) will be in place &hellip;<\/p>\n","protected":false},"author":33,"featured_media":108571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,1145,95],"tags":[19911,1215,19910],"class_list":["post-108566","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-headline","category-news-ph","tag-api","tag-bsp","tag-cybercrimes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/108566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=108566"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/108566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/108571"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=108566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=108566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=108566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}