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UnionBank unveils Digital Solutions that help build businesses for beyond

Union Bank of the Philippines (UnionBank) embarked on a digital transformation journey in 2016, long before the COVID-19 pandemic underscored the importance of digital readiness. This forward-thinking approach has enabled UnionBank to position itself as a digital trailblazer in the financial sector, allowing them to scale their operations efficiently and stay ahead of the curve. One of the most striking aspects of UnionBank’s digital transformation is the overhaul of their customer touchpoints. The bank has gone the extra mile to provide a se ...

P30B in 5-year RTBs up for auction | Inquirer Business

The Bureau of the Treasury will auction off an initial P30 billion in five-year retail treasury bonds (RTBs) on July 16 before making them available to small investors through a new app and other online channels. On top of selling to new investors, the Treasury will also swap the new fixed-rate RTBs with two previously issued 10-year RTBs maturing on Aug. 19 and March 3 next year, as well as two fixed-rate treasury notes maturing on Aug. 20 and March 20, 2021, the notice of offering posted on the Treasury website on Friday showed. ...

Citi acquisition hits UnionBank’s 9-mo earnings | Inquirer Business

MANILA -Union Bank of the Philippines registered a weaker bottom line in the January-September period despite stronger revenues as expenses ballooned following the acquisition of Citi’s consumer business and rollout of its digital-only banking arm. On Tuesday, the Aboitiz-led bank announced its net income amounted to P8.1 billion in the first three quarters, lower by 19 percent than the P10.09 billion it booked in the same period last year. Net revenues climbed by 48 percent to P52.8 billion during the period as net interest income grew by 34 ...

Insider Trading 101 | Inquirer Business

The first time “insider trading”—which is now the subject of an ongoing Senate inquiry with Development Bank of the Philippines and businessman Roberto Ongpin at the crosshair—caught the public eye was in 1999. It will be recalled that in 1998, BW Gaming and Entertainment Corp., headed by businessman Dante Tan, won the exclusive contract to operate a nationwide online bingo franchise and the Quick Pick-2 gambling game, which is similar to the illegal numbers game called jueteng. ...

UnionBank big winner at The Asian Banker Financial Technology Innovation Awards 2021

Implementation” for its business banking app designed for... It resulted in increased usage of digital loans and online... top banks in the Philippines and Asia Pacific. The bank is one...

Neda Board OKs Customs modernization | Inquirer Business

Customs Commissioner Rey Leonardo B. Guerrero told the Inquirer that the BOC was “hoping to have the project started soon,” although they were still awaiting approval of the World Bank loan. ; The World Bank financing will account for 85 percent of project cost, while the remainder will come from counterpart government funds, Guerrero noted. ; Loan negotiations between the World Bank and the Department of Finance started last May 12.

Online Banking for Business Sign - BMO Canada

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Microsoft outage hits some PH banks

The global Microsoft outage has paralyzed several industries using its software, with some Philippine banks confirming their systems are also affected. In separate advisories on Friday afternoon, Bank of the Philippine Islands (BPI), Metropolitan Bank and Trust Co. (Metrobank) and Union Bank of the Philippines said they were trying to fully restore their services. According to BPI, “certain operations” in its branches were hit by the Microsoft outage, causing “longer wait times.” ...

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Apply For a Small Business Loan or Line of Credit Online| TD Bank

Learn about TD Bank Small Business Loans, Lines Of Credit & Mortgages, see what you need to apply, then apply online for financing up to $100,000 or schedule an appointment

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