UnionDigital Bank Now Uses Thought Machine’s Digital Banking Platform
by Fintech News Philippines November 2, 2022UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, today announced its partnership with cloud-native banking technology company Thought Machine and has deployed its core banking engine Vault Core.
Thought Machine’s core technology has enabled UnionDigital Bank to build its products while offering flexibility, control, and ease of integration with other technology systems.
Vault Core’s unique product-building framework has been instrumental for UnionDigital Bank to build, modify, and launch innovative new products.
It is fully API-enabled and operates in real-time, allowing UnionDigital Bank Bank to have an up-to-date, accurate view of customer and ledger positions.
The UnionDigital Bank app is now live for a limited set of customers, available by invitation only.
Future updates on the launch will be available through the digital bank’s social media channels on LinkedIn, Twitter, and Facebook.
Nick Wilde
“We are delighted to be working with UnionDigital Bank – a leader and pioneer in the region and an exciting, high-potential initiative from the Union Bank of Philippines. With our technology, we look forward to seeing this new digital bank blossom and gain market share,”
said Nick Wilde, MD for Asia Pacific, Thought Machine.
Arvie de Vera
“We put innovation at the heart of everything we do at UnionDigital Bank. It made sense to partner with Thought Machine, as they share the same passion for driving significant transformation through the power of state-of-the-art technology,”
said Arvie de Vera, Co-founder, President, & CEO, UnionDigital Bank.
Featured image credit: edited from Unsplash
