UBX, Post Office partner to drive financial, social inclusion towards digitally transformed community financial centers

UBX, the leading open finance platform in the Philippines, has teamed up with the Philippine Postal Corporation (Post Office) to launch Kasama Lahat, a capacity development project which will transform the country’s premier postal agency into a modern hub that offers financial and data services for everyone in the community.

“The Post Office Digital Innovation signifies the commitment and support of the Post Office especially under the new administration of President Ferdinand Romualdez Marcos Jr. in serving the public who deserve no less than the best postal service by global standards’, Postmaster General Norman Fulgencio said.

Under the partnership, UBX will provide the necessary technical knowledge in digital finance and open finance to hasten the Post Office’s digital transformation journey. With its ubiquity and reach, the Post Office is well-positioned to provide its customers necessary financial services, promoting financial and social inclusion, especially in far-flung areas.

3 reasons why Komo by EastWest should be your go-to digital banking service

As the world continues shifting to the digital space, online banking becomes even more of a necessity and not just a convenience.

In May 2020, universal bank EastWest launched Komo, a fully digital banking service backed by the security of a strong, established bank. With just the app, Komo provides customers a convenient and digital experience from account opening to transactions to even card management, all without going to a branch, being stuck in lines, and worrying about any hidden charges.

Allianz PNB Life continues to push for a sustainable future

Allianz PNB Life reaffirms its commitment to sustainability through its latest video campaign entitled “Seeds of Tomorrow”. The digital short film was made available for streaming on Facebook last June 23.

Allianz PNB Life has continuously advocated for sustainability by releasing communication, leading initiatives, and taking part in projects that generate the most impact. The company’s Ride Safe bicycle campaign, created to encourage a healthier lifestyle among Filipinos while lessening the carbon footprint and pollution generated by transportation vehicles, was awarded ‘Best Sustainability Initiatives Philippines 2021’ by the International Business Magazine (IBM), among other such awards. Last year’s “No Filter” video has also won a Quill and an Anvil award for its pro-environment messaging. 

Mistakes to avoid when buying a car insurance

As the world starts to open up, Filipinos are now enjoying more mobility – more people are returning to onsite work, traveling to provinces, and visiting their hometowns, among others. This means that more people are spending time on the road again more often. Total car sales also reached 292,842 units in 2021, an increase from the 244,274 units sold in 2020, according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Association of Vehicle Importers and Distributors Inc. (AVID).

Buying a vehicle is a huge investment, and one that you need to protect. One way to do this is by having a reliable insurance product that protects your vehicle as well your loved ones from harm and third party liabilities. It will also have more financial benefits for you in the long run, and with the recent oil price hikes, we don’t want to add more unnecessary expenses. 

The future of business is OPEN: UnionBank discusses how Open Banking will drive the digital economy

Open banking and open finance are two models that are now slowly taking over the financial sector, with the promise of revolutionizing banking and financial services like never before and acting as "a catalyst for the new wave in financial innovation."

This was the main point of discussion during the 14th edition of Union Bank of the Philippines' (UnionBank) virtual roundtable series E-TalkTales, which took place last June 28 via Zoom. The event was led by UnionBank's Fintech Business Group Head Erika Dizon as its main speaker. 

In her presentation, Dizon explained that while open banking and open finance may differ slightly from each other—the former promotes data sharing on banking services, while the latter promotes data and capability sharing across the financial sector—the goal is the same, which is the creation of an open ecosystem.

SSS, UnionBank sign Memorandum of Agreement for UMID Pay Card Program, set for full launch Q4 2022

Social Security System (SSS) and Union Bank of the Philippines (UnionBank) recently formalized their partnership, which aims to develop and launch the Unified Multi-Purpose Identification (UMID) Pay Card, as part of their goal of making financial services more accessible to Filipinos.

SSS President and CEO Michael Regino, UnionBank President and CEO Edwin Bautista, and several key executives and team members from both organizations joined the Memorandum of Agreement (MOA) signing ceremony for the UMID Pay Card Program, held last June 27, 2022 at the SSS Head Office in Quezon City.

UnionBank holds Selyado Wednesdays e-learning series for MSMEs

In celebration of Privacy Awareness Week, Union Bank of the Philippines (UnionBank) continued its Selyado 4.0 series of weekly e-learning sessions. These were conducted to educate micro, small, and medium enterprises (MSMEs) and highlight the importance of data privacy in the digital age.

“Data Proficiency for Beginners” the first topic had for its main speaker Edwin Concepcion, ASEAN of Straits Interactive Pte. Ltd., Head of Data Protection as a Service (DPaaS). He gave an introduction on data proficiency -- what it is, how it can be done, and why organizations should prioritize it. Concepcion defined data proficiency as one's capacity to utilize data to positively impact an organization. For MSMEs, he noted that its benefits included improved operational efficiency that in turn, lowers operational costs; as well as create better experiences for customers.