Public Square
UnionDigital Bank partners with Aboitiz Group for financial inclusion

UNIONDIGITAL Bank, the fully digital bank subsidiary of UnionBank of the Philippines, signed a strategic partnership resolution with 14 other subsidiaries of the Aboitiz Group. This partnership will allow the digital bank to tap into the group's ecosystem to provide banking and financial services to their customers.

This will enable UnionDigital Bank to leverage on the group's network to develop and deploy streamlined risk models, enable efficient underwriting, and loan approval process. This way, the digital bank will be able to offer better credit products to the underserved segments of the group.

'This partnership will allow us to power through the synergy of the Aboitiz Group and offer appropriate digital banking solutions to its customer base, starting with lending which is our key focus for this year,' said Henry Aguda, UnionDigital Bank president and CEO. 'With Aboitiz Data Innovation (ADI), we will harness AI-powered alternative credit scoring and risk models to meet the underserved credit needs of the ecosystem.'

In a major milestone in realizing the Aboitiz Group's transformation into the Philippines' first 'Techglomerate,' executives from the 15 Aboitiz group companies came together during the Aboitiz Leadership Conference, to sign an omnibus management resolution.

This initiative is backed by robust policies and processes, complemented by the tools and capabilities which further ensure security, privacy, and governance during operationalization.

This is a significant step toward UnionDigital Bank's mission to make banking available and accessible to Filipinos all over the country.

Through its low touch and high-tech banking, UnionDigital Bank will extend UnionBank's legacy of innovation to the underserved communities.

For more information, follow the digital bank's social media channels on LinkedIn, Twitter, and Facebook. Learn more at www.uniondigitalbank.io.

During the Aboitiz Leadership Conference where 15 Aboitiz group companies signed an omnibus management resolution with UnionDigital Bank. CONTRIBUTED PHOTO