#eCAV system

The eCAV (Electronic Certified Academic Verification) system has been launched in the Philippines. With eCAV, the process is now strictly online and brings together various services under one platform. eCAV officials claim that the new system will cut verification to only three working days. The eCAV launch is part of the Marcos administration’s digitalization program that aims to modernize government services. Interested readers can check out their website at ecav.ched.gov.ph/home. The Bangko Sentral ng Pilipinas (BSP) is proposing to require banks, e-wallet providers, digital lenders, and other regulated financial institutions to connect their customer verification systems to the government’s National ID database. Other universal and commercial banks, thrift banks, rural and cooperative banks, covered payment system operators, and other BSP-supervised institutions would have six months to comply. The BSP said the proposed integration is intended to support financial inclusion and digitalization while protecting the integrity of the financial system. Read more in our articles including "eCAV system launched in the Philippines to digitize academic records" and "HONOR Philippines teases upcoming Magic V6".