Alibaba Cloud Partners with CIBI to Accelerate Financial Inclusion in the Philippines

Strategic Insights -

Alibaba Cloud has announced that it will support CIBI Information, Inc. (CIBI), one of the Philippines' leading credit reporting agencies, to digitalize its anti-fraud business and accelerate financial inclusion in the country by harnessing its cloud technologies. This partnership will enable CIBI to host its fraud bureau on Alibaba Cloud's Infrastructure-as-a-Service (IaaS) system and cloud-native services, providing faster deployments, high availability, strengthened security, and advanced disaster recovery capabilities. The partnership aims to combat the rising fraud cases in the country and promote financial inclusion among Filipino consumers and businesses.

Key Takeaways:

  • Alibaba Cloud will provide CIBI with its IaaS system and cloud-native services, including elastic compute, database, security, storage, and network services.
  • CIBI's fraud bureau will be hosted on Alibaba Cloud's platform, enabling it to combat rising fraud cases in the country.
  • The partnership aims to promote financial inclusion among Filipino consumers and businesses.
  • CIBI will benefit from Alibaba Cloud's advanced technologies and services, including faster deployments, high availability, strengthened security, and advanced disaster recovery capabilities.
  • The partnership will also enable CIBI to tap into Alibaba Cloud's global ecosystem, allowing it to easily adopt and run Alibaba Cloud partners' applications on its platform.
  • The first-ever fraud bureau in the Philippines will provide greater protection against scams and frauds, encouraging more people and businesses to access and use financial products and services.
  • Alibaba Cloud has launched a local data centre in the Philippines, offering world-class solutions to address issues and challenges in key industries.

Statistics:

  • Alibaba Cloud is the third leading public cloud IaaS service provider globally since 2018, according to IDC.
  • Alibaba is the world's third leading and Asia Pacific's leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.
  • Asia Pacific is a key market for Alibaba Cloud, with a growing demand for cloud services in the region.

Sources:

  • Alibaba Cloud
  • CIBI Information, Inc.