UnionBank fintech doubling workforce

MANILA, Philippines — The financial technology arm of Aboitiz-owned Union Bank of the Philippines is hiring more than 200 employees as it aims to double its workforce to 500 this year.

After employing more 200 workers last year despite the COVID pandemic, UBX chief human resource officer Gladys Ocampo said the startup plans to more than double is workforce this year to grow rapidly and promote its goal of making finance inclusive for everyone.

“We are ramping up our hiring initiatives to reach our target headcount of 500   this year, as we implement our growth strategies and expand our spectrum of financial services throughout 2022,” Ocampo said.

The leading open finance platform in the Philippines aims to develop more digital financial solutions and better serve consumers and businesses.

After gaining traction in 2021, UBX plans to continue innovating to introduce more solutions in various financial segments, including, but not limited to payments, banking services, savings and insurance, identity verification and credit scoring, as well as cryptocurrencies, among many others.

UBX recorded impressive growth in 2021, serving over 200,000 business-to-business customers, partnering with more than 2,000 independent banking agents and 250 financial institutions, and recording an annual gross transaction value of P20 billion.

This upward trajectory allowed the three-year-old startup  to quintuple its revenues last year, a growth momentum that is expected to ripple through 2022.

As part of its core value of being inclusive, UBX hires talent that fit the skills needed for the job, regardless of one’s gender identity, educational background, training, or experience.

UBX hires fresh graduates, especially in the field of technology, and provides them with free training through its boot camp on programming languages such as Appian and Outsystems.

“We provide our talent with resources and tools to develop their skills and knowledge in their field. At UBX, we are not afraid of investing in our people, who, in turn, invest in us as well with their talent,” Ocampo said.

UBX plans to mount open house roadshows in key areas outside the National Capital Region to encourage talent from the provinces to join the leading fintech innovator. It plans to scout for tech talents in Iloilo, Cebu, Davao, and Cagayan de Oro.

“We operate an open, agile, innovative, experimental, and highly collaborative environment. We are looking for people who share our mission of embedding financial services into the activities and experiences, as well as giving access to the unserved and the underserved market” Ocampo said.