Tag "Union Bank of the Philippines"

UnionDigital Bank Now Uses Thought Machine’s Digital Banking Platform

UnionDigital 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

Read More

UnionBank Allows Select Customers to Buy and Sell Bitcoin Within App

Union Bank of the Philippines announced that it is set to offer virtual asset exchange services through its mobile banking app. The bank said that it is the first universal banking entity in the country to offer this service. Through

Read More

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

Read More

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

Read More

UnionDigital Bank Partners With YGG to Serve the Play-To-Earn Community

UnionDigital Bank, the digital bank entity of the Union bank of the Philippines, has signed a Memorandum of Understanding with global play-to-earn guild Yield Guild Games (YGG) during its first-ever Managers’ Summit. The partnership between UnionDigital Bank and YGG will

Read More

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

Read More

UnionBank to Enable Digital Payments for the Supreme Court

The Supreme Court of the Philippines (SC)  signed a Memorandum of Agreement with Union Bank of the Philippines (UnionBank) for the bank to develop an ePayment solution for the Judiciary. The Judiciary ePayment Solution will involve an application designed to

Read More

UnionBank and StanChart Pilots Blockchain Bond Issuance of PHP 9 Billion

UnionBank has partnered Standard Chartered Bank (SCB) to successfully complete a proof of concept (POC) for the issuance of a retail bond on a digital platform leveraging blockchain technology for bond tokenisation. The 3 and 5.25-year dual tranche issuance totaling

Read More

UnionBank Rolls Out 11,000 Cash Out Options Nationwide

UnionBank recently rolled out more cash-out options for customers via 11,000 remittance counters across the Philippines, including in rural areas where most of the unbanked and underserved population are located. Recognizing that sending funds to families and relatives living in

Read More

WWF and UnionBank Team Up for Financial Inclusion in Philippines Using Blockchain

Today the World Wide Fund for Nature (WWF) Philippines, UnionBank of the Philippines, and TX, announced the launch Tracey, an app for fisherfolk that will use blockchain technology for documenting and verifying catch and traceability data. The provided data can then be used by

Read More