#UNION BANK OF THE PHILIPPINES

Digital banking pioneer, the Union Bank of the Philippines (UnionBank) has entered Metaverse in partnership with Filipino blockchain startup ‘Ark of Dreams’ (AoD). Aguda, Chief Technology & Operations Officer and Chief Transformation Officer at UnionBank. We are looking forward to a long-term partnership with UnionBank to provide value to our community and to keep innovating in this space,” said Jason dela Rosa, founder of AoD. The partnership is intended to familiarize everyone into Metaverse thru collaborative ideation and co-creation of experiences and products among AoD, UnionBank, and the SME community. “With this partnership, the integration of a suite of financial services with UnionBank’s innovations merged with the principles of Blockchain technology through a gamified NFT platform that is Ark of Dreams, there are unlimited possibilities to serve the whole ecosystem. This move makes UnionBank the first Philippine bank in the Metaverse, which means that their services can be utilized within the Metaverse beginning with the Ark of Dreams virtual space. The Bangko Sentral ng Pilipinas (BSP) said it is reviewing the recent service disruption that affected Bank of the Philippine Islands (BPI), as customers experienced problems accessing the bank's digital channels over the past few days. The regulator also reminded banks that major operational incidents must be reported promptly and addressed immediately to minimize their impact on customers. Read more in our articles including "UnionBank enters Metaverse thru Filipino blockchain startup" and "Pasig Mega Market gets Starlink internet for cashless payments".