UnionDigital Bank, a fully digital bank subsidiary of UnionBank of the Philippines, has partnered with 14 subsidiaries of the Aboitiz Group to provide banking and financial services to their customers.
The strategic partnership resolution will enable the digital bank to leverage the group’s ecosystem to develop and deploy streamlined risk models, efficient underwriting, and loan approval processes.
This will allow UnionDigital Bank to offer better credit products to underserved segments of the group.
UnionDigital Bank President and CEO Henry Aguda said,”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. 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.”
This partnership is a significant step towards UnionDigital Bank’s mission to make banking accessible to Filipinos across the country, extending UnionBank’s legacy of innovation to underserved communities.