UnionBank of the Philippines bags prestigious fintech and digital awards, 3 years running

October 08, 2019 - 02:34
UnionBank of the Philippines bags prestigious fintech and digital awards, 3 years running

SINGAPORE - Media OutReach - 8 October2019 - Union Bank of the Philippines (UnionBank), with its vision oftransforming into "A technology company, also a bank," recently made waves asits top executives won big at the Singapore Fintech Awards 2019.


UnionBank Chairman Justo A. Ortiz and SeniorVice-President and Fintech Business Group Head Arvie de Vera each won the AsiaFintech Leaders Award which recognizes remarkable leaders across the region fortheir continuing commitment to excellence, developing best practices andpursuing innovative strategies.


The Awards aims to highlight those acrossAsia who have made extraordinary contributions to the fintech industry'smeteoric rise on the global stage. Indeed, Ortiz and de Vera have been makingstrides globally, advocating for smart banking as a way to realize the bank'spurpose of elevating lives, fulfilling dreams and enabling communities.


The Awards were hosted by the SingaporeFintech Association, while the rigorous judging process was helmed by noneother than PwC Singapore.


The winners were announced at a Gala Nightgraced by Ravi Menon, Managing Director of the Monetary Authority of Singapore(MAS) and Minister Ng Chee Meng, Secretary-General of the National Trades UnionCongress (NTUC) of Singapore.


In addition, UnionBank also won, for thethird year in a row, the Best Digital Bank -- Philippines award at the AsiamoneyBest Bank Awards 2019 in Singapore on September 25. Asiamoney also identifiedUnionBank as one of 30 financial institutions to watch out for in Asia, andamong 5 on its radar for digital banking.


In awarding thebank for the third year straight, Asiamoney considered the long list ofinnovative initiatives UnionBank is pursuing, some of which include the firstfully digital branch The Ark, a tokenized fiat cross-border transaction pilotfrom OCBC Bank in Singapore to a rural bank in the Philippines, and thecountry's first central bank-compliant two-way virtual currency ATM among manyothers.


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