Tag "UnionBank"

Citi Wraps up Sale of Philippines Consumer Business to UnionBank for US$700 Million

Citi announced that it has completed the sale of its Philippines Consumer Business to UnionBank of the Philippines. The deal is expected to be worth approximately US$700 million. The transaction covers Citi’s local credit card, unsecured lending, deposit and investment

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UnionBank Enhances Its Supply Chain Financing Solution for MSMEs

The Union Bank of the Philippines has digitally transformed and strengthened its Supply Chain Finance (SCF) solution platform to mitigate the losses endured by micro, small and medium enterprises (MSMEs). The solution also aims to simplify operations and financial management

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UnionBank Joins R3’s Digital Currency Sandbox

The Union Bank of the Philippines has become the first commercial bank in the country to be part of the global R3 Sandbox for Digital Currencies. The sandbox brings together commercial banks, central banks, payment providers and exchanges to collaborate

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UnionBank Picks METACO and IBM to Set Up Its Digital Asset Custody Operations

The Union Bank of the Philippines has selected METACO, a provider of security-critical software and infrastructure to the digital asset ecosystem, to implement its digital asset management services. The bank will leverage METACO Harmonize which is its digital asset orchestration

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UnionBank Offers in-App Western Union Remittance Service in Real-Time

Union Bank of the Philippines teams up with Western Union and its agent in the Philippines PERA HUB for a seamless and reliable way to receive remittances in real time through the bank’s app. Western Union has more than 550,000

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Intellicare Taps Unionbank to Open Digital ePaycard Accounts for Affiliated Doctors

Philippines’ health maintenance organisation (HMO) Asalus Corporation which operates under the trade name Intellicare, partnered with Union Bank of the Philippines for ePaycard Digital Account Opening (eDAO). This helps to speed up the disbursement of professional fees, benefits, and other

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UnionBank to Fully Migrate to AWS’ Cloud by 2022

Amazon Web Services (AWS), an Amazon.com company, announced that the Union Bank of the Philippines will migrate its IT infrastructure from on-premises to cloud by 2022. The migration is intended to accelerate the bank’s digital transformation, improve customers’ digital banking

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JazzyPay and UnionBank Rolls Out Cashless Payment Solutions for SMEs

Online payment gateway JazzyPay has teamed up with Union Bank of the Philippines to provide cashless payment solutions for SMEs and local businesses. With the partnership, JazzyPay customers can now settle payments using their UnionBank accounts. In turn, UnionBank online

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FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring

UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.

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COVID-19: UnionBank’s Platform Accelerates Online Donations for Philippine NGOs

Union Bank of the Philippines through its UShare platform, is enabling non-government organizations (NGOs) in the country digitize with some recording up to 30-fold increase in daily online donations after an Enhanced Community Quarantine was imposed on March 17. With

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