UnionBank PR Team | January 8, 2019
At the 3rd Singapore Fintech Festival (SFF), the global fintech community’s biggest event, UnionBank launched its game-changing ‘TechUp Pilipinas’ initiative that aims to level the playing field, particularly, for 52.8 million unbanked Filipinos.
Among the company’s initiatives featured in the TechUp Pilipinas booth was UnionBank GlobalLinker, a digital platform that makes doing business easier for small business owners and entrepreneurs. Through this free-to-join platform, micro, small, and medium enterprises (MSMEs) can efficiently connect through a LinkedIn-like environment where they can find opportunities and partnerships in both the local and international market, as well as upgrade their business solutions on a pay-as-you-grow basis instead of buying whole solution packages.
Another pioneering innovation of UnionBank is Project i2i, which connects rural banks to each other and to UnionBank ’s full-function “universal bank” services and platforms. This empowers rural banks to instantly offer better, broader services to their rural customer base via their access to a universal bank’s financial network and platforms. Importantly, Project i2i runs on the Kaleido blockchain platform with exclusive solutions crafted by UnionBank and blockchain world-leader, CONSENSYS.
Meanwhile, UnionBank Business Banking is a fully mobile, full-function online banking facility for corporate clients. XLOG, a co-created GPS-enabled online platform, helps small and medium-sized businesses directly link up with global shipping and logistics providers, for faster and more cost-effective booking, end-to-end shipment monitoring, and document sharing.
UnionBank’s products and platforms are designed to fully leverage the Philippines’ current tech profile to strengthen the economy through financial inclusion. Data from the 2018 Global Digital Report shows that the Philippines is the social media capital of the world and has the most improved internet speed in Asia while 61 million Filipinos own mobile phones.
With more than 15% of Asean’s population, the Philippines is expected to post the fastest economic growth among the region’s member countries.
By serving the underserved, we will have the opportunity to make a difference. While other companies aim to transform industries, UnionBank is committed to transform the Philippines via TechUp Pilipinas.
–Edwin Bautista, President and CEO, UnionBank