Union Bank of India launched a Digital Vertical at Naman Centre, BKC, Mumbai to drive development of various Digital Banking Products, Fintech Partnerships and Digital Marketing.
The vertical will strengthen the bank’s digital footprint in the BFSI space with an aspiration to create a Digital Bank within Bank by leveraging strengths of the recently 3 amalgamated banks.
Rajkiran Rai G, MD and CEO of Union Bank of India, said: “To capture the growing digital business and to build a strong digital ecosystem within the Bank, the digital vertical will aid to re-orient the Bank’s digital vision.”
The vision includes exploring innovative solutions and new emerging technologies such as AI, ML, 5G, Blockchain etc. Union Bank of India has already initiated major digital initiatives like CRM, Trade Finance, Video KYC that are under various implementation stages.
Union Bank of India also launched a new version of Umobile application with new User Interface (UI) and User Experience (UX).