Philippines

Union Bank of the Philippines Entrusts FINARTIS' Prospero 365 Solution for Trust and Wealth Management Activities

FINARTIS will provide the bank's Wealth department with a highly automated platform integrating all front-to-back processes on multiple asset classes.

The solution will allow UnionBank to provide tailored services to their high net worth (HNW) clients with advanced risk monitoring of their portfolios. Clients will be given anytime-anywhere digital access to their portfolios via digital wealth management portal and mobile application.

"With numerous technological advancements and tighter regulations setting the scene of the wealth management industry today, local banks are compelled to not only enhance their level and speed of service but also to have solid risk mitigation processes in place," said Kimberly Espiritu, Regional Sales Manager at FINARTIS. "Foreign banks expanding their local footprint across wealth management and private banking also increases the competition in this dynamic landscape. UnionBank can continue relying on our smart technology to manage complex financial operations in the most cost-effective and efficient way that also benefits from a unique combination of Swiss Wealth Management expertise and Philippine local presence."

READ THE ARTICLE by BENZINGA