The BAP Data Exchange (BAP DX) was established in March 1990 as the BAP Credit Bureau, Inc. with the primary purpose of facilitating the exchange of credit information among the BAP member banks.
In August, 2019, the BAP Credit Bureau was renamed to the BAP Data Exchange, Inc., in recognition of the fact that aside from the exchange of credit information, the BAP Data Exchange was now also involved in the exchange of Cybersecurity information through the BAP Cybersecurity Information Database (BAPCID), which was formed in response to the Bangko Sentral’s call for an industry-wide collaboration for enhancing the cyber-resilience and cyber-defense capabilities of BSFI’s.
For its credit information business, the BAP DX acts as a Credit Information Processor which gathers and collates credit information on individuals and companies from the Participants. It also acts as a Personal Information Processor (PIP) for the Participants, who are the Personal Information Controllers (PICs), to facilitate the continuing exchange of impartial information among Participants/PICs within the framework of the Data Privacy Act.
For its credit information business, BAPDX offers the following services:
Philippine Clearing House Corporation (PCHC) was incorporated in July 1977 as a private corporation co-equally owned by all commercial banks enlisted as members of the Bankers Association of the Philippines (BAP). It commenced its live operations on 06 June 1980 and stood proud being the first Automated MICR Cheque Clearing House in Southeast Asia.
The PDS Group was built as a community solution following the economic stresses felt within the region in 1997. The Group was formed to shepherd the implementation of a Market Reform.
Powered by state-of-the-art technology, it provides a full suite of services, from trading to clearing and settlement, and post-settlement across different asset classes. It also offers learning facilities to equip its markets and communities in keeping pace with market development and professional practice, locally and internationally.
PDS Group, the Complete Capital Market Infrastructure, is composed of a holding company, the Philippine Dealing Systems Holdings Corp. and operating subsidiaries:
PDS Group operates in a regulatory environment that ensures conformance to governance and regulatory requirements and commitment to stability, integrity, and investor protection.
The ASEAN Bankers Association was founded in 1976. From the original five members, namely Indonesia, Malaysia, Philippines, Singapore and Thailand, it became six when Negara Brunei Darussalam joined as a member in 1984. In 1995, Vietnam was admitted into ASEAN as the seventh member and in May 1999, Cambodia was admitted as the eighth member. In July 2001, Myanmar was admitted as the ninth member. In 2004, Lao Bankers’ Association was admitted as the tenth member thus making the constituent membership of the Association complete.
