WITH its expertise in fintech, blockchain and open finance in the country, UnionDigital is well-positioned to offer financial services to customers, regardless of how digital finance would evolve. This was the key message of UnionDigital CEO and co-founder Arvie de Vera during his presentation at the Insights Forum. The topic for the day was on digital banks and the transformation of the financial sector in the country.

'When we started this digital transformation journey, our aspiration was to adopt the mindset and agility of a tech company but retain the governance and trust of a regulated bank. That aspiration became a reality on December 2020 when the Bangko Sentral ng Pilipinas released its digital bank regulations. Six months later, UnionDigital was born and operates as a tech company and also as a bank,' de Vera said.