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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 ...
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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 ...
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The Philippines dropped 10 notches in the Global Innovation Index (GII) 2014, now ranking the 100th most innovative economy in the world out of 143 economies surveyed this year. Based on the results of the GII 2014, the Philippines’ scores and rankings declined in five of the seven main indicators, namely human capital and research, infrastructure, business sophistication, knowledge and technology outputs, and creative outputs. The country, however, managed to advance its rankings under instit...
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