Union Bank of Philippines is among the industry's best in key performance measures: absolute profit, cost-to-income ratio, return on equity, return on assets, revenue/expense ratios, market capitalization, and earnings per share. The Bank has been recognized as among Asia's best companies by Euro money and Finance Asia and is also the country's only bank to make it to the list of the world's 25 soundest banks for four consecutive years by The Banker of London.
Union Bank of Philippines needed an integrated payment solution that would increase their operational efficiencies of handling all types of paper based and electronic payments. Specific challenges needed to be addressed included:
aurionpro's payPro product, part of the iCashPro solution suite, was implemented in order to handle the necessary large volume of payment transactions efficiently while provided an easy to use online interface.