Tag: UnionDigital Bank

Manila, Philippines – Commercial banking company UnionBank has announced appointments for its thrift bank subsidiary CitySavings and digital bank subsidiary UnionDigital respectively. They include Ana Aboitiz Delgado as the new chairperson of CitySavings and Henry R. Aguda as the CEO and president of UnionDigital.

Delgado is concurrently serving as the senior executive vice president, chief customer experience officer and chief digital channels officer at UnionBank. 

She took strides in growing UnionBank’s digital customer base via its UB Online mobile app and was the force behind the transformation and redesign of its branches, which elevated the customer experience in physical premises. Additionally, she played a key role in the signing of the game-changing acquisition between Citibank N.A. and UnionBank.

Meanwhile, Aguda was instrumental in the trailblazing digital transformation of UnionBank as its chief technology and transformation officer. Under his term as chairman, CitySavings expanded its reach in the mass and underserved markets by accelerating the approval of teacher and motorcycle loans through the use of data science credit-scoring and acquisition models. 

Aside from Delgado, Lorenzo T. Ocampo was also appointed as vice chairman and CEO of CitySavings, while Manuel G. Santiago Jr. assumed the position of president and chief operating officer of the thrift bank.

“These leadership appointments are key to taking both CitySavings and UnionDigital to the next level of digitally-driven growth and scale, towards our aspiration to be a Great Retail Bank,” UnionBank President and CEO Edwin R. Bautista said.

The new appointments build on UnionBank’s continuing growth in the Philippine retail banking sector, following its acquisition of Citi’s consumer banking business in the country. In an exclusive The Inner State interview with Albert Cuadrante, Union Bank of the Philippines’ chief marketing officer, he shared that the acquisition helped them to grow their banking offering.

“The clear synergies that this acquisition presents us with opportunities to come out with even better products and further elevate our level of service to customers,” noted Cuadrante.

Manila, Philippines – UnionDigital Bank, the digital bank entity of the Union Bank of the Philippines, has signed a Memorandum of Understanding (MOU) with global play-to-earn guild Yield Guild Games (YGG) during its first-ever Managers’ Summit held last 3 to 6 March 2022 in the Philippines.

The partnership aims to make financial products and services more accessible to the play-to-earn and Web3 communities in the country. It will also further propel the rising Play-to-Earn community in the Philippines, addressing the communities’ emerging needs in the space.

UnionDigital Bank said that it aims to tech up and services the underbanked, enabling Filipino communities, businesses, problem solvers, and regulators to leverage innovative financial technologies in order to achieve nationwide financial inclusion.

Arvie de Vera, UnionDigital Bank’s co-founder and CEO, shared that their partnership with YGG brings to life their ambition to serve the growing Play-to-Earn community here in the Philippines.

“We are very excited to bring in our trailblazing leadership in Fintech, Blockchain, and Open Finance to the YGG community, providing them with services that best suit their needs in the P2E space,” said de Vera.

Meanwhile, Luis Buenaventura, YGG Pilipinas’ country manager, commented that this partnership with UnionDigital will give their play-to-earn community exclusive access to crypto services that are sorely lacking in the local ecosystem.

“We are confident that it will enable all kinds of interesting and new use cases, and continue to push the industry forward,” said Buenaventura.