UBX, the fintech spinoff of Union Bank of the Philippines (UnionBank), was named “Fastest Growing Fintech Company in South East Asia 2020” by UK-based Global Brands Magazine.
UBX was selected and stood out from a very competitive group of entrants, all of whom demonstrated unique and exceptional service delivery towards evolving Banking sectors. UBX has been awarded this honor for its “exceptional commitment to innovation, quality, branding activities, customer service & performance and providing a robust technology system in South East Asia.
UBX is making a positive and material impact on truly inclusive prosperity by: 1) opening-up financial services to the unbanked and underbanked and 2) enabling a future where financial services are “invisible” – seamlessly embedded into the everyday experiences, devices and activities of people and businesses.
This recognition comes alongside remarkable milestones as UBX just recently celebrated its first year of operations! The commercial launch of four platform-ventures support well over 100,000 customers and the millions they in turn serve. One of UBX’s flagship-projects which paved the way for this award is the multi-awarded blockchain-based i2i platform for financial institutions such as cooperatives, savings, thrift and rural banks. i2i is recognized as one of the Philippines’ largest and fastest growing financial networks. During this COVID-19 crisis, UBX stepped up to the plate through i2i by digitally transforming community based financial institutions via i2i, enabling nationwide digital cash transfers for its customers to send funds and payments to over 11,000 locations around the country.
Since its launch, UBX has garnered local and international accolades including IDC’s Operating Model Master 2019, Silver at the 2019 Anvil Awards, Asian Banking and Finance’s Start-up Banking Initiative of the Year for 2020, and CFI.co’s Best Digital Community Impactive Initiative – Southeast Asia for 2020.
The Global Brands Magazine Awards is an annual event held by Global Brands Magazine (GMB) which aims to recognize global brands achieving excellence in performance across a broad range of sectors, keeping its readers up to date on the latest news on the leading brands across the globe.