Martin Frick, Managing Director – APAC, Temenos

Temenos has partnered with the fintech subsidiary of UnionBank of the Philippines, UBX in a bid to assist UBX in delivering digital banking services to the Philippines.

According to the supplier, the partnership aims to allow UBX to access Temenos’ core banking software, enable rural banks and microfinance entities to develop a cost-effective way to digitize their operations, make core banking modernization more accessible and allow rural banks to efficiently expand their businesses. Temenos’ T24 Transact coupled with UBX’s open platform development experience is expected to bolster banking capabilities of the FIs in the Philippines.

Martin Frick, Managing Director – APAC, Temenos, said: “We are delighted that UBX has chosen to partner with Temenos to make transformational technology more accessible to rural banks and microfinance entities. With Temenos’ cloud-native, cloud-agnostic, API-first software, UBX will be in an ideal position to empower banks to provide cutting-edge digital banking solutions, as well as innovative products and services. We are proud to welcome UBX to the Temenos community and look forward to working together to revolutionize banking in the Philippines.”

UBX, through its plug and play services such as i2i, aims to connect the rural banks to the country’s main financial networks thus reaching out to the unbanked Filipinos. i2i utilizes blockchain technology to assist participating banks in the transformation of their businesses.

John Janusccczzak, CEO, UBX, commented: “At UBX, our mission is to build platforms that bring businesses and people together. As part of that, we provide access to needed technology and services while connecting communities. The rural banking community in the Philippines has been championing financial inclusion for decades. Temenos, with 25 years of expertise in developing market-leading, scalable banking software, will help us provide the most tailored, innovative and advanced core banking solution to our rural banking customers.”

Recently, Australian SME focussed Judo Bank has gone live with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels- Temenos Infinity’s module, running on Temenos cloud ( hosted on Microsoft Azure).

Based in the Philipines, UBX is a fintech and investment company, driving financial inclusion through its technology, ecosystems and data accessibility. It is a wholly owned subsidiary of UnionBank of the Philippines.

Avatar
by Megha Bhattacharya
Market Analyst at IBS Intelligence
imp-loader
preloader