UnionBank of the Philippines subsidiary UBX has partnered with Temenos to deliver digital banking services in the country.
The partnership will enable UBX’s partner institutions to access Temenos core banking software. The capability will enable the rural banks, microfinance and cooperative entities to digitise their operations cost-effectively.
Go deeper with GlobalData
It will also make core banking modernisation more accessible and help the financial institutions to expand their businesses.
UBX is engaged in delivering a variety of plug-and-play services to the rural banks. The service enables the lenders to serve the unbanked and underserved people in remote areas through digital medium.
One such offering is i2i, which uses blockchain technology to facilitate transformation of banking operations among the rural entities.
The combination of UBX’s expertise in developing open platforms and Temenos’ T24 Transact will boost banking capabilities of the Philippine financial institutions.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataUBX CEO John Janusccczzak said: “At UBX, our mission is to build platforms that bring businesses and people together. As part of that, we provide access to needed technology and services while connecting communities.
“The rural banking community in the Philippines has been championing financial inclusion for decades. Temenos, with 25 years of expertise in developing market-leading, scalable banking software, will help us provide the most tailored, innovative and advanced core banking solution to our rural banking customers.”
Earlier this month, Syncordis partnered with Temenos to deliver the latter’s suite of solutions to banks across the world.
