Union Bank of the Philippines selects D+H for cash management services
Published: July 19, 2016
- Philippines-based bank engages D+H for a complete suite of cash management solutions, including financial supply chain capabilities
New York – DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, today announced that Union Bank of the Philippines (“UnionBank”), which provides banking products and services to more than 7,000 corporate clients, has entered into an agreement with D+H to provide it with a suite of cash management solutions.
In order to provide a better customer experience, improve return on investment and future-proof its business, UnionBank embarked on a major transformation of its cash management services business. The bank sought a technology partner that could provide a complete, end-to-end solution for its corporate customers while simplifying their IT environment and reducing time-to-market for new capabilities. UnionBank selected D+H because of its strong domain expertise and ability to provide a full suite of treasury management solutions, including payments, collections, balance transaction reporting, liquidity management, cash flow forecasting, and financial supply chain capabilities.
“UnionBank has a large portfolio of clients using our cash management services, so it is vital that we can provide them with the most up-to-date and in-demand treasury tools,” says John Ong, Head of Transaction Banking, Union Bank of the Philippines. “We pride ourselves on our ability to meet our customers’ transaction banking needs, with solutions that provide freedom, flexibility and efficiency, without compromising process integrity and security.”
“UnionBank is a leader in cash management services in the Philippines and is now a pioneer in the area of financial supply chain in the country,” says Eli Shoshani, Head of Payments Sales, Asia, D+H. “D+H is honored to have been selected as the technology partner to enable the bank to bring comprehensive financial supply chain capabilities to its customers."