BSP pushes server-side biometrics vs online fraudIn a draft memorandum issued by the central bank’s Financial Supervision Sector, the BSP said server-side biometric authentication would be recognized as a strong authentication mechanism for digital financial services. In a draft memorandum issued by the central bank’s Financial Supervision Sector, the BSP said server-side biometric authentication would be recognized as a strong authentication mechanism for digital financial services. The draft memorandum builds on this requirement by encouraging the use of server-side biometric authentication as part of strong customer verification mechanisms. Under the proposal, the use of server-side biometrics will also be considered by the BSP when evaluating whether financial institutions have maintained adequate risk management systems and controls. To address these risks, the BSP outlined minimum control requirements for financial institutions adopting the technology.

Source: Philippine Star March 05, 2026 01:03 UTC