The Bangko Sentral ng Pilipinas has approved the operations as a digital bank in the Philippines of fintech DigibankAsia Pte Ltd, a Singapore-based company and one of the incorporators of UNObank. | daxinq
With UNObank, the founders aim to help bridge the financial inclusion gap in the Philippines and eventually Southeast and South Asia.
The firm said it is being built on a robust technology stack that includes products and services from highly regarded tech industry leaders including Mambu, Backbase and AWS. So far, the BSP has granted three digital bank licenses, two of which are conversions from previous bank licenses. UNObank is the first to receive the new license entirely under the digital banking license framework.
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