Tag "Union Bank of the Philippines"
UnionBank Bolsters Digital Arm UnionDigital with US$32.5M Capital Infusion
UnionBank of the Philippines is significantly enhancing its investment in its digital banking division, UnionDigital Bank Inc., with a capital boost of P1.8 billion (US$32.5 million). This move, ratified by the bank’s board on November 24, aims to bolster UnionDigital’s
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UnionBank Expands Wealth Management Services with New Launches
The Union Bank of the Philippines had recently introduced two new wealth management programmes, UnionBank Elite and UnionBank Access. These initiatives are part of UnionBank’s efforts to enhance its wealth management services for clients, utilising the capabilities acquired from its
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UnionBank Rolls Out New Digital Solutions for Business Banking
The Union Bank of the Philippines has launched a range of digital banking solutions specifically designed to cater to the needs of businesses. This development is a part of the bank’s digital transformation initiative that began in 2016. Among the
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UnionBank Gets Approval as Virtual Asset Service Provider in the Philippines
Union Bank of the Philippines recently achieved another first in the industry after securing a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP). According to UnionBank this makes them
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Red Hat and AWS Powers UnionBank’s Digital Transformation Journey
The Union Bank of the Philippines is using Red Hat OpenShift Service on Amazon Web Services (AWS) to accelerate its digital transformation and provide more personalised financial services to its customers. This has allowed UnionBank to migrate its mission-critical workloads
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UnionBank Invests PHP300M More in Digital Bank to Fuel Growth
Union Bank of the Philippines has invested an additional PHP 300 million into the UnionDigital Bank following the PHP 900 million funding in July this year, according to PhilStar Global. The bank had disclosed to the Philippine Stock Exchange of
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UnionBank to Roll Out In-App Bitcoin Trading for Users in Q4 2023
UnionBank of the Philippines is set to launch Bitcoin trading on its mobile app in the fourth quarter of 2023, having obtained a license from the Bangko Sentral ng Pilipinas (BSP) this month. The bank is said to be the
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Financial Inclusion in the Philippines: The Synergy of Fintech and Rural Banks
In the Philippines, financial inclusion remains a pressing issue, particularly in rural areas where access to financial services is limited. This lack of access can perpetuate a cycle of poverty that is difficult to overcome. The traditional rural banking sector
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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
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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
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