About the Transformation
UnionBank has been one of the strongest growing banks in Philippines, onboarding around 1.2 million customers annually in recent years, with an ambition of acquiring 25 million new accounts over the next few years. To sustain its rapid growth and provide exceptional customer experiences, UnionBank upgraded its core banking system to the cutting-edge Finacle Digital Banking suite on AWS cloud. Through an 18-month project, including migration of 8 million customer accounts, UnionBank now scales effortlessly and efficiently, provisioning infrastructure as needed.
Client Quote
"With Finacle on AWS, we can hyperscale to keep acquiring and delivering transactions for our clients without worrying about capacity or underlying infrastructure."
Dennis Omila
Chief Information and Operations Officer,
Union Bank of the Philippines
Unleashing the Remarkable Benefits
- Scalability: Onboarded 100K+ new customers per month during the pandemic
- Inorganic Growth: Welcomed 1 million customers from Citibank Philippines acquisition
- Resilience: Finacle on AWS application is high resilient and scalable
- Ecosystem Innovation: Fintech partners can develop new services leveraging UnionBank’s open APIs
- Agility: Containerization and microservices architecture has reduced deployment time from 4–5 days to 3–4 hours
- Cost Savings: Estimated 44% TCO cost savings over 5 years
