Bixie, an AI-powered finance platform for women has tapped UBX, an open finance platform by Union Bank of the Philippines, in providing digital solutions for beneficiaries.
The partnership hopes to empower Filipino women with financial knowledge, network, tools, products, and services to help them become financially independent. Bixie encourages savings and wealth generation through knowledge, network, and tools.
Bixie will leverage the open finance platform of UBX to disburse aid funds directly to beneficiaries through i2i’s unique last-mile disbursement network. i2i, the banking-as-a-service venture of UBX, has a network of over 3,000 banking agents that provide basic banking solutions and services in unserved and underserved areas in the Philippines.
“Our partnership with Bixie enables us to accelerate our goal of financially empowering women to drive growth to the society,” said Anne Yosuico, managing director for banking services, UBX.
Bixie has also started providing Filipino women with a free personal accident with telemedicine insurance policies to women through Assured, UBX’s embedded insurance platform. Bixie empowers women to know their worth and grow their worth through its AI-enabled platform to support financial literacy.
Bixie also has a digital ledger/financial goal tracker that provides women insights on their spending. It also features a digital community center that allows members to share their financial goals and milestones.
“Women are the largest market gap in finance, our exclusion is worth at least $3 trillion dollars. Bixie is here to close that gap,” Rosalia Gitau, CEO, Bixie. “I see a future where women can turn our network into our net worth– and Web3 technology enables that. At Bixie, we are building the world’s first female aggregator in Web3, turning our social capital into real capital.”
In receiving aid funds, beneficiaries are directed first to financial literacy material to educate them on how to properly allot and spend the cash they are receiving.
“This is just the initial phase of the partnership. We aim to introduce more tools and services in Bixie’s platform, including micro-investments and other wealth generation programs,” Cyrus Cruz, managing director, UBX.