According to BitPinas, SwiftPay has launched SwiftGuard, a platform aimed at helping banks in the Philippines meet anti-fraud requirements set by the Bangko Sentral ng Pilipinas (BSP).
SwiftGuard provides real-time fraud detection and monitoring tools that integrate with existing banking systems. The solution is designed to address BSP circulars on digital fraud prevention, including guidelines on transaction monitoring and customer verification.
The launch comes as Philippine financial institutions face increasing pressure to strengthen security measures against rising cyber threats. SwiftGuard aims to simplify compliance while enhancing protection for bank customers.