IBM (NYSE: IBM) announced today that UnionBank selects IBM Cloud for app overhaul. This means that IBM is entrusted to quickly build, deploy, run and manage new customer-facing apps. All of this is for the banks growing digital customer base.
Through IBM Bluemix, IBM’s cloud platform, and IBM API Connect, the company’s complete life cycle management solution for application programming interface (API) development. The bank plans to create new compelling customer experiences, innovative new business models, and speed operational processes.
UnionBank Selects IBM Cloud for App Overhaul – A Continiuing Legacy
UnionBank has pioneered products and projects that have cemented its reputation as a technology leader in the banking industry. It was the first to introduce an internet-based deposit account with no minimum balance called EON. With EON the bank brought online banking to a whole new generation of cyber customers. It was one of the first players in e-banking. Its financial portal unionbankph.com generating new business and winning numerous accolades. It also developed the first and only integrated web platform called OneHub.Gov for its e-government initiatives.
The bank now wants to take innovation to the next level. To do this, UnionBank is embracing APIs. This will enable it to expand services and markets by allowing other businesses and application developers to exchange data and build innovative apps. Through IBM API Connect, UnionBank plans to quickly create, manage, secure and run APIs that the bank has made available internally and run them externally for consumption.
The Bank hopes to create new businesses, and provide their customers with a richer menu of services with this collaboration. All this aligns with the two driving tenets of UnionBank’s digital transformation: enterprise scalability and startup agility.
IBM Philippines President and Country GM Luis Pineda confirmed their company’s commitment with Unionbank in the following statement.
“Our collaboration with the bank helped both of us with successful hackathons where over 150 developers participated to create new APIs for the bank using Bluemix,” Pineda said. “This is just the beginning of a long term relationship that has the potential to not only change, but improve banking in our country.”