{"id":43837,"date":"2021-06-15T11:02:04","date_gmt":"2021-06-15T03:02:04","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=43837"},"modified":"2021-06-15T11:02:06","modified_gmt":"2021-06-15T03:02:06","slug":"unobank-issued-digital-bank-license-in-phl","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2021\/06\/15\/unobank-issued-digital-bank-license-in-phl\/","title":{"rendered":"UNObank issued digital bank license in Phl"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Singapore\u00a0headquartered fintech DigibankASIA Pte. Ltd., one of the primary incorporators of\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.unobank.asia\/\" target=\"_blank\">UNObank<\/a>, has received approval by the Bangko Sentral ng Pilipinas (BSP) to operate a digital bank in the Philippines. The first fintech to receive a license outright\u00a0to operate a digital bank, UNObank will be entirely regulated under the Digital Banking License framework in the Philippines.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DigibankASIA Pte. Ltd. is co-founded by\u00a0three executives\u00a0who collectively have extensive experience across banking, capital markets, treasury, lending, digitalization, and technology. UNObank will be helmed by Manish Bhai as CEO, a career banker and tech entrepreneur. Co-founder Kalidas Ghose is a recognized fintech influencer who led the effort to build FE Credit in Vietnam from scratch and created VP Banks digital bank ecosystem. Puneet Gupta, Co-founder &amp; CTO is an acclaimed deep tech innovator known for building cutting edge digital products and platforms.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With UNObank, the founders aim to help bridge the financial inclusion gap(3)&nbsp;in the Philippines and eventually Southeast and South Asia. UNO means \u2018one\u2019 and sets the premise for a digital bank that offers one app and one card to enable anyone anywhere in the Philippines to save, borrow, transact, invest, and protect their finances easily, with speed and ease.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">UNObank is being built on a robust technology stack that includes products and services from highly regarded tech industry leaders including Mambu, Backbase, and AWS.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe BSP\u2019s vision and foresight to digitize the\u00a0local\u00a0banking industry is future-forward and apt, because ultimately it will help align the Philippines as a modern banking center for the region,\u201d says Manish Bhai, of UNOBank. \u201cWe are very grateful to the BSP and honored by the trust placed in our team.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first fintech to receive a license outright to operate a digital bank, UNObank will be entirely regulated under the Digital Banking License framework in the Philippines.<\/p>\n","protected":false},"author":6,"featured_media":43838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[413,1185,4867,2096,5247,4536,7320],"class_list":["post-43837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","tag-banking","tag-banking-and-finance","tag-banking-industry","tag-finance-and-banking","tag-financial-industry","tag-fintech","tag-unobank"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/43837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=43837"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/43837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/43838"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=43837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=43837"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=43837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}