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September 24, 2023

UnionBank to double workforce of fintech arm to 500

Aboitiz-led Union Bank of the Philippines of bankero Edwin Bautista aims to double the workforce of its financial technology arm this year to develop more digital solutions and provide better service to consumers and businesses.

UnionBank’s UBX plans to add more than 200 employees this year as it introduces more solutions in various financial segments, including, but not limited to payments, banking services, savings and insurance, identity verification and credit scoring, as well as cryptocurrencies, among many others.

UBX Chief Human Resources Officer Gladys Ocampo said that the leading open finance platform in the Philippines was able to beef up its workforce last year despite the COVID-19 pandemic.

“Despite the pandemic, we were able to grow our workforce to a little over 200 in 2021, allowing us to grow rapidly and promote our goal of making finance inclusive for everyone. We are ramping up our hiring initiatives to reach our target headcount of 500 this year, as we implement our growth strategies and expand our spectrum of financial services throughout 2022,” Ocampo said.

The three-year old startup hires fresh graduates, especially in the field of technology, and provides them with free training through its boot camp on programming languages.

“We provide our talent with resources and tools to develop their skills and knowledge in their field. At UBX, we are not afraid of investing in our people, who, in turn, invest in us as well with their talent,” Ocampo said.

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