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. The move aims to provide UnionBank with the flexibility and agility for exponential growth and faster response time to consumer needs that it hopes to lead in driving financial inclusion in the country.
Leveraging VMware Cloud on AWS will enable UnionBank to improve agility, scalability, time-to-market and gain faster recovery from deployment failures. The bank reports that it expects to generate savings of more than 30% over five years and achieve a return on investment in less than 18 months.
The VMware Cloud Universal subscription will allow UnionBank to gain not only greater flexibility but also simplicity and portability from a single cloud operation. These improvements will pave the way for the bank to respond much faster to consumer needs by expanding accessibility for consumers in underserved areas where ATMs and bank branches are scarce or unavailable, and in turn, accelerate its transformation journey to become a leading digitally enabled bank for its Filipino customers.
“Despite the reduced physical interactions last year, we managed to attract 24 million new accounts with a large portion coming from digital account opening,” said Henry Aguda, EVP and chief technology and operations officer and chief transformation officer, Union Bank of the Philippines. “We are pleased to work with VMware to supercharge our innovations and build a stronger, resilient ecosystem and empower Filipino businesses with the right tools and platforms to accelerate business growth as we continue to shape the digital future of banking in the Philippines.”
In addition to designing a platform that is optimized to UnionBank’s unique business needs, VMware consultants have worked closely with the teams, providing the expertise to help them unleash the full potential of their multi-cloud strategy while protecting their IT investments.
“Through VMware Cloud on AWS, we are committed to building a strong digital foundation for UnionBank to accelerate modern applications and empower the bank with an end-to-end holistic approach from designing applications and integrating our solutions with their operations to respond, adapt and accelerate growth, agility and business innovations in today’s new digital paradigm,” said Walter So, country manager, VMware Philippines.