Tag: automated
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Central bank, Treasury launch fully automated intraday settlement facility
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THE BANGKO SENTRAL ng Pilipinas (BSP) and Bureau of the Treasury (BTr) have launched a fully automated intraday settlement facility (ISF) to address timing issues and make transactions for banks more efficient. In a statement on Monday, the central bank said it officially rolled out the automated ISF on June…
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KERC Mandates Automated Meter Reading And Billing For Open Access To Streamline Processes And Protect Consumers
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In an order dated March 29, 2023, the Karnataka Electricity Regulatory Commission (KERC) directed new guidelines for meter reading and billing. Starting August 1, 2023, all meter readings at both […] The post KERC Mandates Automated Meter Reading And Billing For Open Access To Streamline Processes And Protect Consumers appeared…
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BSP warns banks vs use of automated data-scraping tools
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THE BANGKO SENTRAL ng Pilipinas (BSP) has warned its supervised institutions against the use of robotic process automation (RPA) and other scraping methods in handling “sensitive” data. In a memorandum, the BSP said the use of these technologies have “merits as an internal data collection automation tool” but can hurt…