Articles with tag: union bank

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IFC, Union Bank to boost access to trade finance in Nigeria

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

IFC, a member of the World Bank Group, has announced a finance guarantee facility to Union Bank to boost access to finance for local business and enable increased international trade for Nigeria.

Nigeria, IFC, Union Bank, trade finance, Covid 19, financing, SMEs, letters of credit, trade-related promissory notes, guarantees, bonds, advance payment guarantees

Union Bank partners with FIS for banking technology

News | Online & Mobile Banking | 16 Jan 2020

Union Bank and US-based financial services provider FIS have announced a cooperative agreement to deliver a core digital banking platform.

Union Bank, MUFG, FIS, digital banking, core banking service, banking, online banking, United States, US, North America, FIS Modern Banking Platform

Philippines Union Bank chooses Refinitiv for electronic trading

News | Payments General | 19 Jul 2019

Union Bank of the Philippines has adopted Refinitiv’s Electronic Trading (ET) solution to power its business in the Philippines, according to Henry Vilar from FinTech Futures.

Philippines Union Bank, Refinitiv, electronic trading, FX

MUFG Union Bank acquires SCF Platform Trade Payable Services

News | E-invoicing, SCF & E-procurement | 17 Jan 2019

US-based MUFG Union Bank has announced the acquisition of supply chain finance platform Trade Payable Services from GE Capital.

MUFG Union Bank, Trade Payable Services, GE Capital, acquisition, supply chain finance, SCF platform, e-invoicing, ACH payments, B2B payments,

North Dakota issues Cease Order to Union Bank Payment Coin

News | Digital Identity, Security & Online Fraud | 26 Nov 2018

North Dakota’s securities commissioner has issued Russia’s Union Bank Payment Coin with a Cease and Desist Order, after a potentially fraudulent act.

North Dakota, Union Bank Payment Coin, Russia, fraud, ICO, cryptocurrency, tokens, stablecoin

Union Bank launches initiative for trade finance

News | E-invoicing, SCF & E-procurement | 08 Oct 2018

Union Bank of Nigeria has unveiled a initiative called Local Letter of Credit, a variant of the standard letter of credit adapted for use in domestic trade.

Union Bank, Nigeria, trade finance, local letter of credit, standard letter of credit, domestic trade

Liechtenstein bank issues own crypto stable coin

News | Cryptocurrencies | 23 Aug 2018

Union Bank, a Liechtenstein-based bank, has announced it was issuing its own security tokens and in-house cryptocurrency backed by fiat.

Union Bank, Liechtenstein, cryptocurrency, blockchain, stable coin, Binanace

Apple Pay comes to JCBs customers in Taiwan

News | Payments General | 19 Jun 2018

JCB International has implemented Apple Pay for its customers in Taiwan with the aim to transform mobile payments in the country.

Apple Pay, JCB International, Taiwan, mobile payments, E.Sun Bank, Union Bank of Taiwan

Union Bank introduces robotics to fix cash dispense errors in ATMs

News | Payments General | 28 May 2018

Nigeria-based Union Bank has introduced a Robotic Process Automation to ease routine banking operations made by ATMs.

Union Bank, Robotic Process Automation, ATM, cash dispense errors, Niger, routine banking operations,

Indias City Union Bank hit by cyber hack via SWIFT system

News | Digital Identity, Security & Online Fraud | 19 Feb 2018

India’s City Union Bank systems have been hacked and USD 2 million were transferred through three unauthorized remittances to lenders overseas via the SWIFT platform.

City Union Bank, cyber attack, India, SWIFT, bank heist, remittances, money transfers, online security,

RBI imposes penalty on Union Bank for KYC non-compliance

News | Digital Identity, Security & Online Fraud | 04 Aug 2017

The Reserve Bank of India has imposed a penalty of Rs 1 crore (around USD 160, 000) on Union Bank of India for non-compliance with Know Your Customer (KYC) norms.

Reserve Bank of India, India, Union Bank of India, KYC, AML, India, online security, banks

Union Bank uses Daon solution to launch digital platform

News | Digital Identity, Security & Online Fraud | 23 Mar 2017

Union Bank of the Philippines has launched the New EON, a digital banking platform that uses Daon’s IdentityX Platform and its capabilities for mobile biometric authentication.

biometrics, digital banking, authentication, security, online transactions, Daon, IdentityX, Union Bank, Philippines