CIBI Information Builds Stronger Financial Foundations

Having accurate and up-to-date financial information is crucial for businesses to make informed decisions and achieve their goals. CIBI Information provides comprehensive financial data that helps companies build a solid financial foundation.

By leveraging CIBI's financial intelligence, businesses can identify potential risks and opportunities, making them better equipped to navigate the market. This leads to increased confidence and stability in their financial decisions.

CIBI's data is sourced from various public and private databases, ensuring its accuracy and reliability. This allows businesses to trust the information they receive and make more informed decisions.

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CIBI Information Inc. was first organized in 1982 as Credit Information Exchange System, a business information division attached to the Department of Loans and Credit of the Central Bank of the Philippines.

It was jointly created by the BSP, the Securities and Exchange Commission (SEC), and the Financial Executives Institute of the Philippines (FINEX).

CIBI was created to engage in collating, developing, and analyzing credit information on individuals, institutions, business entities, and other business concerns.

The company aims to develop and undertake the continuing exchange of credit data within its members and subscribers and to provide an impartial source of credit information for debtors, creditors, and the public.

CIBI was incorporated as a non-stock, non-profit corporation on April 14, 1982, and was further strengthened by PD No. 1941 which recognizes and supports CIBI as a suitable credit bureau.

In 2020, CIBI was acquired by Creador, a private equity firm, and is also accredited by the Credit Information Corporation (CIC) and the Philippine’s Credit Information Registry.

CIBI has partnered up with key industry leaders and associations both locally and internationally in order to provide its customers with best-in-class solutions.

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CIBI Information Inc. has been driving financial inclusion in the Philippines since 1982.

Established under the Central Bank of the Philippines, now the Bangko Sentral ng Pilipinas, CIBI is the country's pioneering credit reporting agency and the only local provider of comprehensive background screening services.

CIBI serves over 500 organizations across various industries, with a dedicated team of over 200 professionals.

As a trusted intelligence partner, CIBI is accredited by the Credit Information Corporation and has strategically collaborated with global industry leaders like FICO, GDS, and Smart Consulting.

CIBI maintains a close working relationship with CTOS, Malaysia's leading credit reporting agency, actively integrating international best practices into the Philippine market.

CIBI's commitment to financial inclusion has led to significant outreach efforts, including credit education campaigns facilitated by the Philippine Cooperative Central Fund Federation and the Credit Information Corporation.

In 2016, CIBI conducted credit education towards financial inclusion in 30 out of 71 provinces in the Philippines, reaching 1,337 attendees and 636 small to large cooperatives and 117 small to medium enterprises.

CIBI Information has partnered with Consumer CreditScores Philippines (CCS) to roll out the Global FICO Score in the Philippines, focusing on the unbanked and underbanked population.

This partnership is a strategic move to provide financial services to those who need it most.

The rollout is being managed by CIBI as a data partner, in collaboration with FICO's local scoring service partner, CCS.

CIBI is also a data partner for FICO, which is a significant player in the credit scoring industry.

Here are some key details about CIBI's partnerships and collaborations:

In the Philippines, a strategic partnership has been formed between FICO and Consumer CreditScores Philippines (CCS) to manage the rollout of the Global FICO Score, with a focus on the unbanked and underbanked.

CIBI is serving as a data partner to FICO in this initiative. This partnership is significant because it involves financial services companies and credit scoring.

FICO's local scoring service partner, CCS, is working closely with CIBI to implement the Global FICO Score. This collaboration has the potential to improve financial inclusion in the country.

The companies involved in this partnership include financial services companies of the Philippines and companies based in Makati. This is a notable development in the financial sector of the Philippines.

The partnership also involves financial data vendors and rating systems.

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We've been working hard to make our platform more accessible and user-friendly, and we're excited to share some updates with you.

Our new API has been rolled out, allowing developers to integrate our platform with their own applications more easily. This has already led to some amazing new integrations.

We've also made some significant improvements to our customer support system, including a new chatbot that can help answer frequently asked questions. This has reduced the number of support requests we receive by 30%.

Our team has been working closely with partners to develop new features and tools that will benefit our shared users. One example of this is the new data analytics dashboard that we've developed in partnership with a leading data analytics company.

We're committed to continuous improvement, and we're always looking for ways to make our platform better.

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Enhanced data reliability is a game-changer for businesses, allowing them to make faster, more confident, and ultimately more profitable decisions.

The direct infusion of SEC-verified data into CIBI's systems will demonstrably enhance the quality, accuracy, and overall reliability of existing data systems.

This means clients will have a more comprehensive and undeniably credible information base to rely on.

Individual clients will experience increased trust and assurance knowing that the information they rely on is meticulously verified and undeniably credible.

The SEC Chairperson's commitment to technological advancement is a big plus, as it ensures that stakeholders get the services they need in the best way possible.

This collaboration is poised to provide crucial support to the broader regulatory framework by promoting greater transparency within the financial system.

The improved access to accurate and reliable data will enable financial institutions to extend credit with greater confidence and reduced risk, playing a vital role in driving financial inclusion across the Philippines.

This, in turn, will contribute to greater nationwide economic resilience.

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CIBI is a member of various organizations and associations, including the IT and Business Processing Association of the Philippines (iBPAP), Supply Chain Management Association of the Philippines (SCMAP), Philippine Retailers Association (PRA), and Philippine Management Association of the Philippines - Cebu (PMAP-Cebu).

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CIBI collaborates with government institutions such as the SEC, Department of Trade and Industry, Bangko Sentral ng Pilipinas (BSP), and Land Transportation Office (LTO) to collect and validate information.

CIBI also partners with educational institutions like schools, colleges, and universities to gather data.

CIBI actively participates in credit education campaigns facilitated by the Philippine Cooperative Central Fund Federation (PCF) and the Credit Information Corporation (CIC).

CIBI has conducted credit education in 30 out of 71 provinces in the Philippines, focusing on Luzon (69%), Visayas (28%), and Mindanao (3%).

Credit demand is rising among Filipino consumers, but a trust gap hinders financial inclusion.

Filipinos are increasingly turning to financing options, with a surge in consumer appetite for loans and a marked rise in tradelines.

Buy Now Pay Later (BNPL) products are expanding faster than mortgages, auto financing, and credit cards, driven by fintech innovations and government efforts.

Credit awareness is also rising, with Filipinos accessing over 10 million credit reports by mid-2025.

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Despite this growth, 49 percent of Filipinos remain unbanked, and only one percent of their loan applications are approved due to insufficient credit data.

High delinquency rates and billions lost annually to fraud continue to erode confidence in the financial system.

Trusted data is key to solving these issues, enabling companies to make decisions 30 percent faster, boost efficiency by 25 percent, and increase profitability by 19 percent.

The CIBI Advanced Tier platform aims to enhance transparency and reinforce compliance, while the Fraud Bureau will help mitigate risks and build trust.