UnionDigital Bank is one of the fastest digital banks in the world to achieve profitability. The digital bank subsidiary of
UnionDigital Bank is one of the fastest digital banks in the world to achieve profitability.
“We are grateful to be one of the six Philippine digital banks that are committed to making a difference in the lives of all Filipinos by empowering them to pursue their aspirations. The commitment and hard work of our Ka-UBEHs in UnionDigital and UnionBank have pushed us to become one of the fastest digital banks in the world to achieve profitability,” said Henry Aguda, president and CEO of UnionDigital Bank.
“As we emerge as the fastest to profit digital bank in the Philippines, the endorsement of the DBAP by the BSP is testament to the strong support of our regulator to the future of this industry. This initiative not only reflects our commitment to innovation but also reaffirms the BSP’s dedication to the growth and prosperity of PH digital banks. Together, we’re shaping a dynamic future for the industry,” said Aguda.
UnionDigital’s stellar performance, backed by its strong fintech capability, support of the BSP and deep linkages with the ecosystem of the Aboitiz Group, was recognized at The Asian Banker Excellence in Retail Financial Services and Technology Innovation Philippines Awards 2023, where the company won the “Best Digital-Only Bank” award.
“Receiving this honor from The Asian Banker is a privilege we hold in high regard. This award is not solely ours to claim; we extend this to our fellow digital bank counterparts, our parent, UnionBank, and the BSP, all united by a common objective – uplifting the lives of Filipinos through financial inclusion,” said Aguda.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ukraine forces cross to east bank of Dnipro: proxy officialMOSCOW, Russia - Ukrainian forces crossed into the Russian-occupied east bank of Kherson region and took positions there, the region's Russian-installed governor said Friday.
Read more »
AllBank and Dragonpay collaborate to boost QR payments for clients and merchantsAllBank (A Thrift Bank), Inc. has announced its partnership with Dragonpay to provide efficient and secure QR payments. Through this partnership, Dragonpay users will enjoy a fast, easy and convenient mode of payment with the QRPh-P2M of AllBank. This will allow Dragonpay users to pay using their e-wallets and bank…
Read more »
AUB’s gold dollar fund benefits from high-interest environmentAsia United Bank, one of the country’s fastest-growing banks, expressed optimism its Gold Dollar Fund would continue to benefit from
Read more »
Tripartite agreementThe Land Bank of the Philippines will work with the Philippine Space Agency and the Department of Science and Technology-Advanced
Read more »
Vibrant real estate scene at Lamudi Property Fair 2023The Lamudi Property Fair 2023, co-presented by IKEA and Bank of the Philippine Islands (BPI), recently held a three-day run
Read more »
Green homes, e-vehicles courtesy of BPIThe Bank of the Philippine Islands (BPI) is ramping up its efforts to provide Filipinos with convenient ways to lead
Read more »