True to its tagline, “Simple is Good,” CitySavings simplifies the loan process for DepEd teachers. With Loan Ranger Mobile, teacher-clients can view their account balance in real-time. If they qualify for a reloan, they can simply apply using the app and without visiting the branch. They can also check the status update of their loan application.
.png)
Backbase, the global pioneer of Engagement Banking, announced the release of the APAC-focused Infobrief, "Accelerating Customer-Centric Transformation by Balancing Build and Buy - A Collaborative Approach Towards Sustainable Digital Banking Architecture." Developed by global market intelligence firm IDC, and commissioned by Backbase, the in-depth report draws insights from 125 banks and 316 CIOs in APAC, including the Philippine market, and offers a regional perspective on digital transformation. The Infobrief challenges the long-standing default approach of building in-house solutions for digital engagement banking platforms, and finds that 65% of mid- to large-sized banks in APAC have opted to build their engagement banking platforms in-house to achieve digital transformation; however, 70% of these projects have failed due to costly and lengthy in-house efforts.
UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, was recently awarded as the "Best Digital-Only Bank" at The Asian Banker Excellence in Retail Financial Services and Technology Innovation Philippines Awards 2023. The recognition was a testament to UnionDigital's exceptional performance, underpinned by its robust fintech capabilities, strong support from the Bangko Sentral ng Pilipinas (BSP), and extensive partnerships within its ultimate parent company Aboitiz Group's dynamic ecosystem.
UnionDigital Bank also won the Best Digital Lending Service Award from the The Digital Banker: World Digital Bank Awards 2023 last May.
UnionDigital posted PHP 20 billion in deposits, PHP 13 billion in loans in the first half of 2023, up by 113% and 126%, respectively.
As of May 2023, UnionDigital has seized 75% of the market share for loans among the six BSP-licensed digital banks.
UnionDigital recently won “Best Digital-Only Bank” in The Asian Banker Awards 2023 and is one of the only two digital banks from the Philippines listed in the Global Top 100 Digital-Only Bank Ranking 2023
UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, is one of the fastest digital banks in the world to achieve profitability. It attained a triple-digit percentage growth in its net income during the first half of 2023 compared to the second half of 2022. The Aboitiz Group-led digital bank, which recently marked its first-year milestone in July, attributed this to the robust loan portfolio growth via the UnionBank ecosystem.
"I've been through a lot for the past few months, and it happened so fast to the point that I couldn't keep up with the changes I had faced,” she said.
A rough patch
Last April, Miles shared that she recently had surgery to remove her thyroid gland.
Her health scare started out with minor complaints. Miles recounted in her social media post that she did not feel like herself late last year. She remembers waking up in the middle of the night because she was having a hard time breathing, and getting frustrated that she was getting tired easily.
Enjoy a limited time offer of a Php300 discount, 0% interest with no processing fee on three months installments on school essentials when you shop at SM Store with Home Credit!
As the back-to-school season approaches, it is time again to start shopping for your kids' supplies and essentials. However, with new shoes, notebooks, uniforms, and other items to purchase, the costs can quickly add up.
Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms and started to issue these loans. Netbank expects to rapidly expand its lending to e-commerce sellers in the next year.
Many sellers on e-commerce platforms require additional working capital to expand their sales. Few banks are willing to work with these sellers, however, since they don't have collateral.
