Union Bank of the Philippines (UnionBank) will be running its mission-critical workloads from on-premises environments through Red Hat OpenShift Service on Amazon Web Services (AWS).

UnionBank can launch innovative financial services, like digital wallets, artificial intelligence-powered financial assistants, and mobile payment apps faster compared to using on-premises environments, using the agility of the cloud to scale its workloads on demand.

Red Hat OpenShift is an application platform with comprehensive automation capabilities for managing hybrid cloud and multicloud deployments.

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Red Hat OpenShift Service on AWS offers the foundation for building cloud-native applications on a Kubernetes framework. With Red Hat OpenShift Service on AWS, organizations like UnionBank can use the wide range of AWS compute, database, analytics, machine learning (ML), networking, mobile, and other services to build security-focused and scalable applications faster. 

UnionBank uses Amazon API Gateway and Amazon Elastic Container Service (Amazon ECS) to build new mobile banking products with microservices that support any application architecture, regardless of scale, load, or complexity. The bank integrated electronic “Know Your Customer” (eKYC) capabilities into its mobile app, allowing customers to submit documents digitally to open a bank account instead of via post or by visiting a physical branch.

Apps development

Red Hat OpenShift Service on AWS allows the bank to seamlessly shift workloads to the cloud as business needs evolve. 

“The service has helped simplify operations at UnionBank so that teams can act faster as well as develop apps with more agility and accuracy, reducing the average application deployment time by 95%,” the companies said in a media release. 

Red Hat OpenShift Service on AWS also frees up the team’s bandwidth away from managing day-to-day infrastructure and gives them greater flexibility to focus on long-term innovation. This can include developing microfinance and micro-savings applications, which provide small-scale financial services to individuals who may not have access to traditional banking services.

Through a six-week immersive consulting engagement with Red Hat’s Open Innovation Lab, UnionBank identified application development process efficiencies and increased collaboration between its product, developer, and operations teams. This has helped streamline internal processes, saving development time, and promoted stronger DevOps practices such as open ways of working and agile workflow. As a result, teams can efficiently and collectively deliver more personalized products meeting customer needs for financial management, including payments, lending, investing, and insurance.