UnionDigital Bank plans to use blockchain, digital assets to target underserved Filipinos


The Philippines is one of Asia’s fastest-growing economies and a leader in adopting emerging technology. However, it still lags behind its neighbors in Southeast Asia in availing essential financial services to its people. UnionDigital Bank is on the frontline in leveraging technology to serve marginalized Filipinos. As Mike Singh tells CoinGeek, it plans to integrate blockchain and digital assets soon.

“We’re one of the five licensed digital banks in the Philippines by the BSP (Bangko Sentral ng Pilipinas),” Singh, the Chief Commercial Officer for UnionDigital, told CoinGeek Backstage reporter Claire Celdran on the sidelines of the CFO Summit in Manila.

UnionDigital is backed by UnionBank, a top ten bank in the country, making it the only digital bank backed by a universal commercial bank. This gives it an advantage as it can use the customer data of its parent bank to offer personalized digital banking services to clients, Singh…

Read more…