Customer Due Diligence for the Philippines
Navigate KYC compliance, onboard new customers, and detect fraudulent activity all in an end-to-end platform. The Entrust Identity Verification Solution supports BSP compliance, and enables businesses operating in the Philippines to digitize identity verification and deliver an exceptional user experience.
How Can Entrust Help?
Navigate MORB/MORNBFI compliance
Create digital onboarding journeys that are compliant and scalable, all in a drag-and-drop interface.
Digitize onboarding with confidence
Grow your business across digital channels without compromising on local regulatory needs. Entrust’s Verification Suite creates a unified view of customer identity.
Prevent organized fraud
Stop identity fraud by orchestrating a suite of verifications and signals, powered by our award-winning award-winning AI.
Reduce complexity
Our end-to-end Real Identity Platform makes verification policies simple. Global document coverage, trusted databases, and no-code workflows give you all the tools you need to know your customers.
On our path towards becoming a digital-first bank, Onfido (now part of Entrust) has been an invaluable partner, helping UnionBank of the Philippines to leverage the power of digital identity verification and move closer towards achieving our goal of providing seamless, mobile-first banking services to our valued customers.
AJ Atienza, SVP Digital Channels Head, UnionBank of the Philippines
What Are the KYC Requirements in the Philippines?
Philippines’s Central Bank (Bangko Sentral ng Pilipinas) has key anti-money laundering laws, rules, and regulations in place. It also regulates electronic KYC procedures to ensure businesses are able to onboard users remotely in a safe and secure manner. These rules are outlines in The Manual of Regulations for Banks (MORB) and The Manual of Regulations for Non-Bank Financial Institutions (MORNBFI).
How Can Businesses in the Philippines Verify Identity?
MORB/MORNBFI allows for remote identity verification methods, where users can scan their government ID and face using a smartphone or webcam. This information can be processed by third-parties to ensure the user is authentic and who they claim to be, meaning customers can sign-up for financial services in seconds from anywhere.
How Does Entrust Help?
Our AI-powered solution enables the capture of ID documents and facial biometrics, giving businesses confidence in the identity of their users. Workflow Studio makes building flexible no-code workflows simple, automating the decision-making process for specific regulatory obligations. We return results in seconds via API or our dashboard — our technology is used by some of the Philippine's leading financial institutions.
Identity Verification Solutions for eKYC in the Philippines
Document and Biometric Verification
Have confidence in your customer’s identity by verifying Philippines-issued photo IDs such as the Driver’s License, Social Security Card, Voter’s ID and many others. Powered by award-winning AI, our Onfido document verification uses advanced techniques to assess documents for authenticity.
Keep Up to Date with Identity News and Insights
UnionBank Increased Their Reach with Entrust
Learn how UnionBank overcame limited reach, technological limitations, and new compliance initiatives with Entrust.
Compliance Manager's Guide to Identity
Our guide summarizes the KYC / AML regulatory landscape, and best practices for building identity workflows.
Ready to get started?
Our identity experts are available to talk through your requirements, answer questions, and set up a demo.