January 21, 2021 | 12:03 am Font Size
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UNIONBANK of the Philippines, Inc. is looking to join the online banking landscape as it looks to move forward with its digitization.
“I believe [we have] not yet [submitted an application for a license] but we intend to… I’m not so sure yet about the timeline,” UnionBank Senior Executive Vice-President and Chief Technology and Operations Officer Henry Rhoel R. Aguda said in an online briefing on Wednesday.
The central bank in November released a framework that distinguishes digital banks from other types of lenders such as universal, commercial, thrift, rural, cooperative, and Islamic banks.
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