The Senate desires to rush its probe of the “internal data processing error” within the system of Bank of the Philippine Islands (BPI) after Banco De Oro, nation’s the most important financial institution, suffered the identical malfunction.

Senate President Aquilino “Koko” Pimentel III stated the BPI has develop into extra pressing due to studies that accounts of some automated teller machine (ATM) holders of BDO might need been probably compromised due to unauthorized transactions.

“There is something going on in the banking sector which is not good,” he stated in a textual content message to reporters.

Pimentel, who has already filed a decision to probe the current laptop “glitch” skilled by BPI purchasers, stated he had already knowledgeable Sen. Francis “Chiz” Escudero on the exigency of the conduct of the probe.

The matter of safety and integrity of the nation’s banking sector, Pimentel stated, has now develop into an pressing matter to look at and clear about.

“BPI, BDO (incidents) plus the news of the recent arrests of foreigners tampering with our ATMS should be sufficient impulse and justification for us to hear and investigate this matter,” he added.

Escudero is the chair of the Senate committee on banks, monetary establishments and currencies, acceded to the need of holding an inquiry.

Source: politics.com.ph