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BANKING TECHNOLOGY | Staff Reporter, Philippines

UnionBank of the Philippines taps on FIS to digitise commercial lending arm

FIS will also enhance third-party data analytics through open API usage.

UnionBank has tapped on the risk management, compliance and analytics solutions of FIS to digitise and enhance its commercial lending processes including origination and credit assessment, liquidity and capital charge of loans and portfolios, data management and reporting.

The bank will also leverage FIS capabilities to manage its enterprise risk via an integrated platform across asset liability management, liquidity risk and capital management and also enable usage of open application programming interfaces (APIs).

Also read: Philippine banks go digital with launch of electronic fund transfer service

“UnionBank is in a major effort to digitally transform its businesses and processes, and we are looking at this relationship with FIS as a significant step in achieving our long-term objectives,” said Edwin Bautista, president and CEO of UnionBank of the Philippines.

“By using our integrated risk and compliance solutions, UnionBank will benefit from a centralized view of risk, liquidity, capital and profitability across its enterprise,” said Marianne Brown, chief operating officer, FIS Global Financial Solutions. 

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