PDIC, DiBA PH discuss digital banking safeguards

The Philippine Deposit Insurance Corp. and the Digital Bank Association of the Philippines held a bilateral exchange on Philippine digital banking developments, marking what the agencies described as a step toward sustained collaboration between deposit insurer and digital banking industry leaders.

The dialogue was held May 14, 2026, at the PDIC Chino Bldg. in Makati City, according to PDIC News Release PR-042-26 dated June 2, 2026.

The meeting gathered officials from Maya Bank, GoTyme Bank, UNO Digital Bank, Union Digital Bank, and Overseas Filipino Bank.

PDIC opened the session with updates on its programs, including presentations on the PDIC K.E.Y. training program, which stands for Knowledge Foundations, Enhanced Governance, and Your Compliance Compass.

The state deposit insurer also discussed its risk-based assessment system, which is being developed with the World Bank Group.

DiBA PH President Angelo Madrid presented the industry perspective, briefing PDIC on emerging trends, opportunities, and operational realities shaping the country’s digital banking sector.

The session ended with an open forum aimed at linking financial technology innovation with depositor protection and safety net protocols.

PDIC and DiBA PH said the exchange established a stronger channel for cooperation as digital financial services expand across the Philippines.

The groups also committed to maintaining a framework for continuing dialogue on financial inclusion, technological change, and financial system stability.

PDIC was established on June 22, 1963, under Republic Act 3591 to protect depositors and help maintain stability in the financial system.

The corporation is an attached agency of the Bangko Sentral ng Pilipinas and is a member of the Financial Sector Forum, the Financial Stability Coordination Council, and the Financial Inclusion Steering Committee.

PDIC said additional information is available through its website, www.pdic.gov.ph, and its official social media accounts, including Facebook at www.facebook.com/OfficialPDIC, X at @OfficialPDIC, and YouTube at http://www.youtube.com/@PDICOfficial.

For inquiries, PDIC’s Corporate Communications Department may be reached at (02) 8841-4636 to 39, trunkline (02) 8841-4000, or email ccd@pdic.gov.ph.