DiscoverABA Banking Journal PodcastCybersecurity in a mobile-first banking landscape
Cybersecurity in a mobile-first banking landscape

Cybersecurity in a mobile-first banking landscape

Update: 2025-12-18
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The Philippines is a fast-growing economy, but it lags its peers in the unbanked rate, with more than four in 10 Filipinos unbanked, according to McKinsey. Many Filipinos use nonbank-provided ewallets, but bank penetration is on the rise since 2020, when the central bank approved a new license type for digital banking, helping the Philippines' traditional banks meet the mobile-first needs of Filipinos. In this episode, Russell Hernandez of UnionDigital Bank provides a unique look into the Philippine banking sector. He also discusses how his mobile-first digital bank tackles account takeover attempts and other frauds through layers of mobile-based and biometric authentication.

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Cybersecurity in a mobile-first banking landscape

Cybersecurity in a mobile-first banking landscape

American Bankers Association