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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

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

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