A new study from analytics software firm Fico has revealed that almost half of Filipinos are willing to commit fraud to obtain a loan or file an insurance claim.
Analytics software firm Fico has released a new survey which found that the complexity and cost of validating the identity of digital banking customers are the top pain points for banks in the Philippines.
In the Philippines, 100 percent of banks said they will continue to invest in compliance in the year ahead and 41 percent plan to significantly increase this investment in 2021.
A new study from analytics software firm Fico has found that Filipinos struggle to recall their current passwords and prefer biometrics, with 72 percent of them happy to provide this information to their bank.
The study showed that digital account opening is rapidly becoming the norm in the Philippines, with 76 percent of consumers saying they would open some kind of financial account online.
