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

Premium Insights

The gold standard of business intelligence.

Find out more

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

UBX 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.