Globe Telecom Inc. signed a data sharing agreement (DSA) with GoTyme Bank to support fraud investigations and protect consumers and businesses from rising cases of financial crimes.
Under the DSA, Globe may share with digital bank GoTyme information about mobile numbers potentially used by fraudsters, including names, addresses and contact details.
Without the agreement, a law enforcement agency or court would need to issue a warrant or subpoena to obtain information about a suspected scammer, a process that could take months.
GoTyme may share necessary information with each other to support investigations, in compliance with the Data Privacy Act and the terms of the DSA.
This follows the guidance of the Bangko Sentral ng Pilipinas and the National Privacy Commission, urging collaboration among financial institutions, companies, and telecom entities in fraud investigations.