The Silicon Review ^Asia

UBX establishes a Singapore HQ as it expands its operations in the country

UnionBank's UBX has announced further expansion of its operations in Singapore. The firm has established a Singapore HQ to further its vision of invisible banking in Asia.

The establishment of Singapore headquarters will help UBX reach startups that would like to enter the Philippine market by partnering with UBX's award-winning ventures.

"Expanding reach within Asia continues to be an important focus for UBX," Cyrus Cruz, UBX Singapore Country Head, said in a statement. "We are thrilled to further extend our presence in the region, starting with Singapore - known as the main regional fintech hub of upcoming start-ups and great talents in Asia. UBX has strategically set up an office here to contribute to, and benefit from the established ecosystem. This will not only expand our network, it'll also help us learn from different companies in the country."

UBX can quintessentially be a great gateway for companies in Singapore (and Asia at large) to enter Philippines. The fintech venture studio and fund invests in early-stage startups that add strategic value to the UBX and UnionBank network. The firm focuses on in-demand solutions ranging from banking and payments and e-commerce categories created for individuals and businesses.