BUSINESS TECH | Maya risk officer wins WFIS GRC award

Maya Chief Risk and Compliance Officer Julie Reyes was named Governance, Risk and Compliance (GRC) Advocate of the Year at the World Financial Innovation Series (WFIS) Philippines Awards 2026, marking her second win in the category.

Reyes previously received the same recognition in 2024. She was cited for her work on the One Maya Governance Framework, which aligns risk standards, controls, escalation paths and oversight across Maya’s banking and payments businesses.

“Digital finance should be fast, but speed has to be matched by sound judgment, clear guardrails and accountability,” Reyes said. “Risk and compliance should help the business make better decisions as products and services are developed—not appear only at the end.”

Maya said the framework allows risk and compliance teams to work with business, technology and operations teams as decisions are made. It also brings risk expertise into areas including credit assessment, fraud management and customer protection.

Maya Bank and Maya Philippines remain separately governed, with their respective licenses, board accountabilities, and regulatory and compliance responsibilities, according to the company.

For fraud and financial crime, Maya uses real-time and AI-assisted capabilities to detect suspicious patterns and support investigations. Its controls cover customer onboarding, authentication, account recovery, profile changes and transaction monitoring.

Speaking on a WFIS panel, Reyes identified increasingly sophisticated impersonation and identity fraud, including deepfakes, as an emerging concern for the financial sector. She said financial institutions need layered, risk-based controls throughout the customer relationship, along with closer coordination among financial institutions, telecommunications companies, technology platforms and authorities.

The discussion comes as the financial sector implements the Anti-Financial Account Scamming Act and related Bangko Sentral ng Pilipinas rules, including Circular No. 1213, which strengthened requirements for fraud monitoring, authentication and account protection.

“Strong risk management is a shared responsibility,” Reyes said. “This recognition reflects the work of teams across Maya who make careful decisions every day and continue strengthening how we protect customers and support responsible growth.”

The GRC Advocate of the Year award recognizes professionals for contributions to governance, risk and compliance. The WFIS Philippines event, organized by Tradepass, brings together financial institutions, regulators, technology providers and industry leaders to discuss developments in banking and financial services.

Full disclosure: All news articles published on the TechSabado website are written by human journalists, unless otherwise specified. Final text editing is also performed by human editors, with artificial intelligence (AI) used only to assist with additional grammar and style guide corrections..

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