Business

UnionBank advances Tech Up Pilipinas with UnionDigital

Union Bank of the Philippines (UnionBank) is the first local, privately-owned and listed universal bank in the country to be granted a digital bank license by the Bangko Sentral ng Pilipinas (BSP) in UnionDigital. 

The launch of UnionDigital furthers the Bank’s digital transformation mandate and “Tech Up Pilipinas,” the movement UnionBank began to enable and empower Filipinos through smart banking and innovation. 

 

UnionBank and UnionDigital
UnionBank advances Tech Up Pilipinas with UnionDigital

 

UnionBank President & CEO Edwin Bautista earlier said that UnionDigital is specifically geared towards serving and supporting the unbanked and underserved, and thus, is a vehicle to achieve inclusive prosperity. 

 

Equipped with UnionBank’s experience in pioneering digital banking products over the years, it is applying best practices to the new digital bank. Meanwhile, UnionDigital will move at lightning speed and is going to catapult UnionBank’s digital transformation to the highest exponential degree possible.

 

It will do so by leveraging on UnionBank’s banking pedigree, fintech capability, existing ecosystems and its deep knowledge of the country to truly Tech Up the Philippines. 

 

UnionBank and UnionDigital
UnionBank advances Tech Up Pilipinas with UnionDigital

 

Strategically, Bautista sees UnionDigital as a chance to build an ideal digital bank aligned with the BSP’s roadmap on digital transformation in financial services. 

 

UnionDigital Co-Founder & CEO Arvie de Vera, shared during the Management Association of the Philippines webinar on The Rise of the Challenger Banks held on September 28 that “Born natively digital, branch-less, paper-less and with no manual processes or legacy infrastructure systems, UnionDigital will have the speed and agility of a fintech, with the governance and risk controls of a bank.” 

Armed with the learnings and leadership of UnionBank, UnionDigital aims to provide customers with a superior digital banking experience while ensuring that trust and proper governance are in place. 

Tags
Show More

Eli

Eli has 26 years of extensive IT sales expertise in Data, voice and network security and integrating them is his masterpiece. Photography and writing is his passion. Growing up as a kid, his father taught him to use the steel bodied Pentax and Hanimex 135mm film and single-direction flash, Polaroid cameras, and before going digital, he used mini DV tape with his Canon videocam. He now shoots with his Canon EOS 30D. Photography and blogging is a powerful mixture for him.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
Close