back Back

UnionBank becomes the first bank from the Philippines to join BIAN

By Edil Corneille

November 20, 2020

  • Philippines
  • Unionbank
Share

UnionBank, Union Bank of the PhilippinesUnion Bank of the Philippines (UnionBank) is now a member of global banking standard organization, Banking Industry Architecture Network (BIAN). UnionBank is said to join other international banks and technology partners to become the first and only bank from the Philippines to join BIAN.

Established in 2008, BIAN is a non-profit organization having the objective to provide the best banking architecture and the aim to be the banking technology standard by providing a common architectural framework across the industry. BIAN’s ecosystem is formed by banks and FinTechs, technology providers, consultants and academics.

UnionBank is looking forward to taking advantage of BIAN’s wide array of special projects such as but not limited to open APIs and coreless banking.

Dennis Omila, Executive Vice President and Chief Information Officer of UnionBank said, “At UnionBank, as we continue to redefine and re-imagine the playing field, with customer experience as our beacon, it is important that we conform to global standards and best practices that allows simple and faster integration with other partner institutions. This is why a BIAN-based Enterprise Architecture is highly essential as we journey more and more towards Open and Embedded Banking interconnecting partners and FinTechs, not just in the Philippines, but also throughout the region…”

UnionBank’s technical experts can join a variety of different working groups to focus on the likes of semantic APIs, product certifications, cards, lending and fraud management where they can collaborate with other industry experts, analysts and peers.

“We’re proud to welcome UnionBank to our growing organisation”, said Hans Tesselaar, Executive Director of BIAN. “UnionBank is well known for putting the customer first and being at the forefront of banking innovation across its country. As the needs of the customer continue to change, we’re excited to work with UnionBank and its technical experts. Together, through greater collaboration and the sharing of experience we can come to provide greater innovations across the globe.”

Previous Article

November 20, 2020

Nasdaq to acquire Verafin for $2.75 bn; creating a global SaaS leader in financial crime management

Read More
Next Article

November 20, 2020

Mastercard and USAID partner under the W-GDP to launch Project Kirana.

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Philippines

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 17, 2024

SWiM PAY launches new instant digital payments feature

Read More

July 17, 2024

Mangopay & ManoMano simplify payments for marketplace sellers

Read More

July 17, 2024

TechFini secures NPCI approval to facilitate UPI-based payment solutions

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024