UnionBank adds new features to MSME banking app
Union Bank of the Philippines (UnionBank) announced the latest update for its MSME Business Banking app, introducing new features that will give business owners more flexibility when it comes to…
UBX’s i2i eyes 300% growth in 2022
i2i, the banking-as-a-service platform and open finance community under UBX, expects business to grow by as much as 300% in 2022. This year’s growth comes after recording significant results in…
UnionBank develops integrated supply chain financing platform
Aboitiz-led Union Bank of the Philippines (UnionBank) introduced an integrated financing platform that is hoped to simplify businesses’ supply chain operations. The platform ensures seamless cash flow management with real-time…
Bixie teams up with UBX to provide finance solutions to women
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…
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…
UnionBank’s fintech arm revenues grow 5x in 2021
UBX, the financial technology arm of Aboitiz-led Union Bank of the Philippines, reported that its revenues ballooned five times last year, reaching an annual gross transaction value of P20 billion.…
UnionBank’s net income reaches P12.6 billion in 2021
The Aboitiz-led commercial bank Union Bank of the Philippines (UnionBank) posted a net income of P12.6 billion in 2021 or 9% higher than in 2020. According to UnionBank, its net…
UnionBank partners with IBM, METACO for digital assets custody operations
Union Bank of the Philippines (UnionBank) announced that it will be implementing its digital asset management in partnership with METACO, a security-critical software and infrastructure and IBM Cloud. The Aboitiz-led…
UnionBank rolls out ‘Bank on Wheels’ in Cebu to help typhoon-affected customers
To aid the victims of Typhoon Odette in their recovery, Union Bank of the Philippines (UnionBank) recently deployed its “Bank on Wheels” (BOW) mobile banking facility in Cebu, to provide…
‘AI implementation should be based on trust, not regulation’ — UnionBank exec
“Regulating AI (artificial intelligence) is the wrong goalpost,” said Dr. David Hardoon, senior adviser for Data and Artificial Intelligence, Union Bank of the Philippines (UnionBank), at the recently concluded EFMA…
UnionBank expands program to develop tech talents as future leaders
Union Bank of the Philippines (UnionBank) has expanded its graduate program, L.E.A.D. (Leader Executive Accelerated Development) by introducing TechLEAD, a program focused on developing technical talent to become leaders of…
UnionBank clients can now cash-in directly to Shopee, Lazada wallets
E-commerce platforms Shopee and Lazada now allow clients of Union Bank of the Philippines (UnionBank) to directly cash in to their e-wallets. This new option opens another channel for bank…
Philippine ICT infrastructure and unlocking economic growth
In June 2021, cloud computing firm Alibaba Cloud announced that it will be building a data center in the Philippines. Alibaba Cloud, with headquarters in China, is the digital technology…
UnionBank caps off year with rundown of accomplishments amid pandemic
In 2021, the Union Bank of the Philippines (UnionBank) launched products that benefit small and medium enterprises as the pandemic brought the entrepreneurial spirit of Filipinos. UnionBank enabled businesses to…
Banking on Data: Transforming banks with data intelligence
By Edler Panlilio, Managing Director, SAP Philippines As financial institutions continue to invest heavily in technology to augment, digitize, and even disrupt traditional operations and service offerings, the concept of…
Data science, AI beneficial to open finance — UnionBank exec
As economies across the world become more conducive to the open finance framework, data science and artificial intelligence (AI) now both play an increasingly crucial role in cross-platform data sharing.…
UnionBank’s UPAY aims to simplify payment system for businesses
With more businesses going online and adopting digital payments, Union Bank of the Philippines (UnionBank) designed its UPAY for MSME offering to be as simple and as easy to use.…
UnionBank’s fintech arm UBX sets up Singapore office
UBX, Union Bank of the Philippines’ fintech venture studio and fund, expands its operations in Singapore to further its vision of invisible banking in Asia. The new Singapore headquarters will…
UnionBank partners with Connected Women to empower Filipino women through AI
Union Bank of the Philippines (UnionBank) recently partnered with Connected Women, a social impact startup that helps Filipino women find online careers, to develop artificial intelligence (AI) solutions contextualized for…
UBX’s embedded insurance platform aims to capture underserved market
UBX Philippines Corp. (UBX) introduced its embedded insurance platform Assured to give the uninsured population access to insurance coverage. John Januszczak, CEO of UBX, the fintech arm of Union Bank…
UnionBank, Visa partner to help fintechs create own payment gateways
Union Bank of the Philippines (UnionBank) has become the first Philippine partner to become part of Visa’s FinTech Fast Track program as a BIN (bank identification number) sponsor. This will…
UnionBank accelerates cloud transformation with VMWare solutions
Union Bank of the Philippines (UnionBank) has deployed VMware Cloud on AWS as part of its cloud-only IT transformation vision to become a leading digitally enabled bank in the country.…
UBX’s BUX recognized as Best Digital Payment Facilitator in the Philippines
Global Brands Magazine (GBM), a leading UK-based organization that honors excellence by identifying the top brands across various industries, recognized UBX’s BUX as Best Digital Payment Facilitator – Philippines for…
UnionBank to use Infosys Finacle’s SaaS platform to scale banking operations
Union Bank of the Philippines (UnionBank) has tapped Infosys’ Finacle Digital Banking Solution Suite on Cloud as it begins the migration from an on-premise deployment to the cloud. Over 8…
UnionBank launches new payment gateway UPAY for MSMEs
Union Bank of the Philippines (UnionBank) launched another service that will enable micro, small, and medium enterprises (MSME) to digitize their businesses. UPay is an all-in-one payment acceptance hub that…
Circular living start-up Humble is now a partner of UnionBank
Union Bank of the Philippines (UnionBank) has partnered with startup Humble Sustainability (Humble) to promote circular living to its employees. Humble is based in the Philippines which harnesses technology and…
UnionBank digitizes Navotas LGU tax and fees collections
Union Bank of the Philippines (UnionBank) and the Local Government of Navotas recently signed a partnership to digitize its tax and fees collection system enabling residents pay their dues online.…
UBX’s open finance platform i2i drives financial inclusion in PH
Just two years after it was launched, UBX Philippines (UBX) open finance platform i2i (island-to-island, institution-to-institution, individual-to-individual) has served the unbanked and underbanked individuals in financially underserved communities across the…
UBX recognized anew as Fastest Growing FinTech Company in Southeast Asia for 2021
Union Bank of the Philippines’ (UnionBank) fintech arm UBX is once again recognized as the Fastest Growing Fintech Company in Southeast Asia for 2021 by the Global Banking and Finance…
Bux launches universal QR payment option for partner merchants
Bux’s 100,000 partner merchants can now accept QR payments adding more cashless payment options to consumers. Bux universal QR payments hope to encourage more people to opt for cashless transactions…
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