SEC Rolls Out New Digital Platforms, Data Hub
The Securities and Exchange Commission (SEC) launched six new digital platforms and a data center to optimize digital operations and elevate the quality of public service.
This digital transformation strengthens SEC’s electronic governance capabilities and boosts transparency, accountability, and performance oversight.
The new digital solutions include:
(1) The Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR), a modernized platform for structured management of beneficial ownership data;
(2) The SEC Verification of Electronic Records and Information Trust and Authentication System (VERITAS), a blockchain-enabled infrastructure that allows real-time and electronic approval and execution of corporate documents;
(3) The SEC Electronic Exceptional and Alternative Submission Environment (EASE), an alternative submission facility for reportorial requirements for corporations under dispute status or those temporarily restricted from using their Electronic Filing and Submission Tool accounts;
(4) The Electronic Workbench and Analytics Technical Computing HUB (eWATCH), a notification and alert service which assists corporations in tracking deadlines for the submission of mandatory reports and filings;
(5) The Document Management System (DMS), an internal digital system designed to improve document traceability, accessibility, and organization of official documents across SEC units; and
(6) The Workflow Management System (WMS), also an internal mechanism that allows SEC units to simultaneously design and configure process flows to improve interdepartmental coordination.
“By relying on technology, the SEC makes its services easier, faster, and more secure, thereby satisfying the demand for a more efficient system aligned with local and international regulatory standards,” SEC Chairperson Emilio Aquino said.
Meanwhile, the SEC Data Center is an in-house facility holding the critical records, applications, and servers that support the secure and swift delivery of services. It streamlines information processing, reduces downtime, and strengthens SEC’s capacity for regulatory oversight and investor protection.
“We envision the Data Center to strengthen our response to disruptions by having the ability to handle everything from one place and through our own team of technical experts. In turn, this will pave the way for quicker transactions, better access to services, and stronger data security that will benefit our stakeholders,” SEC Chairperson Aquino added.
These technological upgrades are in line with the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 which mandates government agencies to adopt procedures to expedite government transactions.