146 views

UNObank clinches Philippines’ third digital bank license

Parent DigibankASIA will work alongside partners Mambu, Backbase, and AWS in developing its services.

UNObank, the brainchild of Singapore-based fintech company DigibankASIA, has clinched the Philippines’ third digital bank license.

The country granted three digital bank licences: two of which are conversions from previous bank licenses. UNObank is reportedly the first to receive a license outright to operate a digital-only bank, according to a press release.

Also Read: Philippines’ newest neobank aims to disrupt the industry with a dash of personality 

UNObank is incorporated by Singapore-based fintech DigibankASIA. It will be helmed by Manish Bhai, who is one of the three founders of DigibankASIA alongside Kalidas Ghose and Puneet Gupta. All three are experienced bankers or have worked in the field of financial technology before building their own company.

“The BSP’s vision and foresight to digitize the local banking industry is future-forward and apt, because ultimately it will help align the Philippines as a modern banking center for the region,” said UNOBank CEO Bhai. “We are very grateful to the BSP and honoured by the trust placed in our team.”

With UNObank, the founders aim to help bridge the financial inclusion gap in the Philippines and eventually Southeast and South Asia.

The bank is being built alongside products and services from tech industry leaders including Mambu, Backbase, and AWS.

Photo courtesy of Mae Fernando

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.