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Philippines plans banking ID registry

The Bankers Association of the Philippines (BAP) is launching a digital banking ID registry that will allow for data storage and exchange among members. BAP said in a statement the initiative would be spearheaded by its new leadership under Bank of the Philippine Islands (BPI) president and CEO Cezar Consing. The ID registry is expected to set the foundation for eKYC and future use cases. Several member banks are already developing systems to be able to interface with the ID registry, the BAP continued.

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