For UBX, the technology innovation and investment arm of UnionBank, the future of banking is invisible; embedded into the activities and experiences that matter to businesses and consumers. “BigTech” and emerging non-banking technology platforms are achieving scale and client reach that exceeds that of traditional banks. Digital platforms have become the Main Street of today. UBX is building platforms for digitally and financially underserved communities, while aggregating and virtualizing financial services to embed in the platforms of others.
Embedded into the experiences that matter - An example is SeekCap, an online credit marketplace for MSMEs, companies that drive over 60% of the economy yet have historically received less than 10% of credit provided by banks. Powering SeekCap is an embeddable lending platform: a digital end to end lending experience that connects multiple lenders to SMEs through platforms they use every day such as Lazada and accounting systems.
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