by UBX Philippines

SBI Holdings Inc., a Tokyo-based financial services conglomerate, has acquired a stake in UBX, a proponent of digital transformation in the Philippines, allowing both parties to collaborate in developing more impactful digital transformation solutions tailored for the needs of enterprises.

UBX will leverage the new capital to expand its footprint and develop advanced financial and digital transformation solutions tailored to meet the increasing demand for digital services in the Philippines.

“We see immense potential in the Philippine market, one of the fastest growing economies in the region. Our investment in UBX reflects our belief and confidence in UnionBank’s innovative approach to digital transformation,” SBI Holdings President Yoshitaka Kitao said.

“The investment of SBI Holdings in UBX will allow us to combine our local expertise and digital transformation capabilities with SBI's vast experience in digital finance to develop more impactful and scalable solutions for the Philippine market,” UBX President & CEO John Januszczak said.

“The SBI partnership will drive new and exciting financial technology innovation for inclusivity and nation building,” Global Chief Technology Officer Mario Domingo said.

The partnership between UBX and SBI Holdings will also foster a robust exchange of knowledge and expertise, strengthening UBX’s position as a digital transformation leader while opening new opportunities for SBI Holdings to explore more business opportunities in the burgeoning Philippine market.

To learn more about UBX, please visit https://ubx.ph/

About UBX

UBX is dedicated to deliver advanced digital transformation services and embedded financial services for businesses, financial institutions, and the government. UBX is a majority-owned subsidiary of Aboitiz-backed UnionBank, which is the leading digital innovation trailblazer in the Philippines. To learn more and partner, email us at communications@ubx.ph.

For more information about the company, please visit www.ubx.ph

About SBI Group

Founded in 1999, the SBI Group is a comprehensive internet financial group that operates Financial Services Business, centering on securities, banking, and insurance, as the pioneer of internet-based financial services in Japan. The Group is committed to providing lower-cost and highly convenient products and services through the internet. In addition to its core financial services operations, the SBI Group also engages in Asset Management Business, Investment Business, Crypto-asset Business, and Next Gen Business on a global scale.