Union Bank of the PhilippinesBusiness Features

Fintech firm UBX doubles workforce to drive more innovations

Following the announcement of its significant revenue growth in 2021, UBX, the fintech arm of UnionBank of the Philippines, plans to more than double its workforce this year to strengthen its goal of developing more digital financial solutions and better serve consumers and businesses. 

Plans of expansion and further innovation are punctuated by UBX establishing office in Singapore last year.

“Despite the pandemic, we were able to grow our workforce to a little over 200 in 2021, allowing us to grow rapidly and promote our goal of making finance inclusive for everyone,” said Gladys Ocampo, chief human resources officer, UBX. “We are ramping up our hiring initiatives to reach our target headcount of 500 this year, as we implement our growth strategies and expand our spectrum of financial services throughout 2022.”

UnionBank’s fintech arm revenues grow 5x in 2021
UBX’s embedded insurance platform aims to capture underserved market

UBX said it also plans to continue innovating to introduce more solutions in various financial segments, including, but not limited to payments, banking services, savings and insurance, identity verification and credit scoring, as well as cryptocurrencies.

To do this, UBX is looking to boost its workforce for business development and tech with plans to add more than 200 employees within 2022.


UBX, a three-year-old startup backed by UnionBank of the Philippines of conglomerate Aboitiz Group, recorded growth in 2021, serving over 200,000 business to business customers, partnering with more than 2,000 independent banking agents and 250 financial institutions, and recording an annual gross transaction value of P20 billion. 

As part of its core value of being inclusive, UBX hires talent that fits the skills needed for the job, regardless of one’s gender identity, educational background, training, or experience. 

UBX hires fresh graduates, especially in the field of technology, and provides them with free training through its bootcamp on programming languages such as Appian and Outsystems. 

“We provide our talent with resources and tools to develop their skills and knowledge in their field. At UBX, we are not afraid of investing in our people, who, in turn, invest in us as well with their talent,” Ocampo said. 

UBX plans to mount open house roadshows in key areas outside the National Capital Region (NCR) to encourage talent from the provinces to join the leading fintech innovator. It plans to scout for tech talents in Iloilo, Cebu, Davao, and Cagayan de Oro. 

“We operate an open, agile, innovative, experimental, and highly collaborative environment. We are looking for people who share our mission of embedding financial services into the activities and experiences, as well as giving access to the unserved and the underserved market” Ocampo said.