Kaleido to Offer the First Blockchain as a Service Subscription
This will help 78% of executives that feel like that if they don’t implement blockchain technology in their business, they will lose their competitive edge.
This will help 78% of executives that feel like that if they don’t implement blockchain technology in their business, they will lose their competitive edge.
UnionBank reveals it has spent Php 6 billion on technology for the past 3 years, conceding that the bank has to “digitize or perish.”
Union Bank will be part of an expanded network that facilitates cross-border payments across the major markets including North America and Europe.
Project i2i is initially piloted by 5 Mindanao rural banks, including Cantilan Bank Inc, PR Savings Bank, City Savings Bank, FairBank, and Progressive Bank.
Union Bank CEO stated that the Filipino workforce should learn the blockchain to meet its incoming demand.
Banks are now looking at the blockchain as a way to improve efficiency across their systems. However, they are still cautious on cryptocurrencies.
Union Bank is studying the blockchain for some time, and what better way to use the technology by using it to onboard rural banks into the banking network.
This PH – Japan crypto investment forum discussed how the blockchain is changing Southeast Asia and how it can help the unbanked.
For UnionBank, the blockchain effectively cuts the middleman and connects the rural bank to the entire banking system more efficiently.
For UnionBank, helping rural banks will elevate their capabilities to become more efficient and possibly be able to handle more transactions