Enterprise tech news and intelligence in the Philippines
Union Bank of the Philippines (UnionBank) announced that it will soon offer virtual asset exchange services through its mobile banking app. This will make the bank the first universal bank…
Following the announcement in December 2021, Aboitiz-led Union Bank of the Philippines (UnionBank) has finally completed the takeover of Citigroup’s consumer banking business in the Philippines. The transaction will be…
Union Bank of the Philippines’ all-digital bank UnionDigital Bank (UnionDigital) has completed the final stage of securing the license to operate from the Bangko Sentral ng Pilipinas (BSP). In a…
ID sample image from SSS Wikipedia page Social Security System (SSS) and Union Bank of the Philippines (UnionBank) inked a deal that will upgrade the Unified Multi-Purpose Identification (UMID) Pay…
Union Bank of the Philippines (UnionBank) is supporting the adoption of open finance and open banking with the goal of fast-tracking digital inclusion in the country. The Bangko Sentral ng…
Union Bank of the Philippines’ (UnionBank) fintech arm UBX introduced an integrated employee financial wellness benefits ecosystem during the Insuretech Connect Asia conference in Singapore held recently. UBX aims to…
Union Bank of the Philippines (UnionBank) was able to raise P11 billion in what is considered as the first-ever digital peso bonds offering in the country. “This pioneering issuance serves…
On the road to ramping up its digital transformation (DX) to reach an underserved market, City Savings Bank (CitySavings), the thrift subsidiary of Union Bank of the Philippines strengthened its…
To ease the burden of micro, small, and medium enterprises, Union Bank of the Philippines (UnionBank) transformed its Supply Chain Finance (SCF) solution platform to simplify operations and financial management…
Aboitiz-led Union Bank of the Philippines (UnionBank) recorded a net income of P2.6 billion in the first quarter of 2022, which translated to a return on equity of 9.2%. UnionBank’s…
Recognizing the explosive growth of blockchain, NFTs (non-fungible tokens), and cryptocurrency globally, Union Bank of the Philippines (UnionBank) has embarked on a journey to become the first Philippine bank in…
Consumer finance provider Home Credit Philippines has signed a P 7-billion two-year credit facility with Aboitiz-led universal bank, Union Bank of the Philippines (UnionBank). This agreement will allow Home Credit…
Union Bank of the Philippines (UnionBank) and Globe Telecom (Globe) inked an agreement that would enable data sharing required for any investigation of online scams. Under the agreement, Globe will…
Union Bank of the Philippines (UnionBank) teamed up with e-commerce platform Lazada, enabling online sellers to have more options when it comes to bringing their products closer to customers. UnionBank…
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…
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…
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, 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…
SeekCap, an online lending marketplace built by leading open finance platform UBX, is eyeing to grow its loans processed to P33.5 billion this year. The growth target is part of…
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…
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.…
Union Bank of the Philippines (UnionBank), through its UBPXcellerator Program, launched the Data Science Development Program (DSDP). DSDP is a free data science course for aspiring data scientists that covers…
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…
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…
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…
“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…
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…
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…
UnionBank of the Philippines (UnionBank) entered on a deal to acquire the consumer banking assets of Citigroup Inc. (Citi). The transaction includes Citi’s credit card, personal loans, wealth management, and…
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…