The Bangko Sentral ng Pilipinas (BSP) said it is reviewing the recent service disruption that affected Bank of the Philippine Islands (BPI), as customers experienced problems accessing the bank's digital channels over the past few days. According to the BSP, it is working closely with BPI to assess the incident, ensure services have been restored, and determine whether additional measures are needed to prevent similar outages in the future. The regulator also reminded banks that major operational incidents must be reported promptly and addressed immediately to minimize their impact on customers. As part of its review, the central bank will examine BPI's compliance with existing rules covering operational resilience, technology risk management, and service reliability. The outage started on the evening of June 14, when many BPI customers reported being unable to access the bank's mobile app and online banking platform. BPI later acknowledged the disruption and worked to restore affected services. Customers who pre-order will receive a free PGYTECH OneGo Lite 16L Backpack and a 256GB CFexpress Type B card. Read more in our articles including "Meta rolls out AI support assistant" and "realme C100, C100i now official, specs and price in the Philippines".
The Bangko Sentral ng Pilipinas (BSP) said it is reviewing the recent service disruption that affected Bank of the Philippine Islands (BPI), as customers experienced problems accessing the bank's digital channels over the past few days. According to the BSP, it is working closely with BPI to assess the incident, ensure services have been restored, and determine whether additional measures are needed to prevent similar outages in the future.
The regulator also reminded banks that major operational incidents must be reported promptly and addressed immediately to minimize their impact on customers. As part of its review, the central bank will examine BPI's compliance with existing rules covering operational resilience, technology risk management, and service reliability. The outage started on the evening of June 14, when many BPI customers reported being unable to access the bank's mobile app and online banking platform.
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