Customers want choice, speed and reliability and with Western Union we are glad to drive innovation and explore new opportunities serving the end-user.” Ian Ocampo, President and CEO, PETNET, said: “UnionBank is the first bank to introduce a fully digital Western Union remittance receiving experience and we are proud to be their partner. The receiver-enabled capability allows customers in the Philippines to direct an international or domestic Western Union money transfer into their UnionBank account by simply inputting Western Union’s unique money transfer control number (MTCN) and other identification details into the UnionBank app. Western Union and PERA HUB to offer digital money transfers with UnionBankĪdditionally, Western Union, a global leader in cross-border, cross-currency money movement and payments, and PERA HUB, a leading provider of financial services, has announced the integration of Western Union’s digital money transfer capabilities into the UnionBank banking platform, for the first time offering customers in the Philippines the choice to receive Western Union money transfers, 24/7, via a banking app. We are excited to begin this journey with UnionBank and look forward to enabling it for success.” “This transformation will enable UnionBank to be one step ahead of its competition and ready for the future, today. “UnionBank, our long-term customer, is leading the way to the future, as they have always done, with the migration to the Finacle Digital Banking Solution Suite on Cloud. Infosys Finacle has had a strong and growing presence in this market for almost two decades and we are proud to have partnered many of the digital leaders here. Venkatramana Gosavi, Senior Vice President and Global Head of Sales, Infosys Finacle, added: “As progressive banks across the world prioritize on digital, the Philippines has emerged as a center of digital banking innovation. We are investing in this new platform to gain exponential benefits in reducing costs, increasing efficiency and, ultimately, delivering a world class digital customer experience.” “The move from an on-premise to the cloud based Finacle Digital Banking Solution Suite is the next strategic step in that direction that will set us up for success long into the future. Unlike banks with decades old legacy systems, UnionBank has invested early in flexible, open systems. Aguda, Senior Executive Vice President, Chief Technology, Operations and Transformation Officer, UnionBank of the Philippines, said: “Even as our customers shift and readjust how they bank in these challenging times, it is our continuous endeavor to provide them with a world class customer experience. Overall, the solution suite will help enhance digitization and automation across the enterprise, leading to significantly improved customer experience, greater straight through processing (STP) and lower operational costs This will empower the bank to focus on its core business and driving growth.įinacle’s extensive open application programming interface (API) repository on cloud will enable the bank with the agility required to integrate and co-innovate with ecosystem partners easily and seamlessly. The end-to-end managed services of the SaaS offering facilitates business applications, infrastructure, preventive maintenance and support to enable mission-critical service delivery. It will help the bank to significantly lower total cost of operations, while speeding up innovation and time-to-market for new initiatives.
#FINACLE UPGRADE#
With this upgrade and cloud-based deployment model, UnionBank will be able to benefit from a secure, scalable and flexible IT infrastructure. Being part of a common technology stack, this will enable UnionBank to standardize business processes, simplify enterprise architecture and offer tailored services. The Finacle Digital Banking Solution Suite covers customer onboarding, deposits, loans, payments and trade finance business areas. The transition will enable UnionBank to scale both its retail and corporate banking operations, rapidly develop and deploy new capabilities and deliver frictionless, personalized and secure digital banking services to its customers, in a cost-efficient manner. Over 8 million customer accounts will be considered for migration to the new Software-as-a-Service (SaaS) platform. Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, and UnionBank of the Philippines (UBP) have announced that the bank will migrate from an on-premise deployment to the state-of-the-art Finacle Digital Banking Solution Suite on cloud.
0 kommentar(er)
