00:00The Banco Central ng Filipinas has ramped up protection for consumers into digital finance.
00:05As part of its policy to ensure safety in the use of digital platforms,
00:09the BSP is putting a cap on access to online gambling.
00:13It is of paramount importance to the BSP to strike a healthy balance between protecting consumers
00:18and maintaining access to legitimate digital payment platforms.
00:22First part, Central Bank Governor Elie Remolona says the bank's use of AI,
00:26Suptech and RegTech is for lightning-quick vetting of required data or information.
00:31Further, he says the BSP has never faltered in its pursuit of inclusivity
00:35and to always keep in step with the latest and safest technology in online banking.
