The Philippines Toolkit will enable digitization and identity verification across local and national government

UBX, an open finance subsidiary of Union Bank of the Philippines (UnionBank), has launched UrGovPH, a suite of open finance solutions that will enable local governments to easily create digital services across identity, finance, ownership and business interaction, according to a statement. by the Aboitiz group.

UBX is 100% owned by the conglomerate Aboitiz Group, which is a major shareholder of UnionBank (49%), alongside the public social security system (19%) – the social insurance scheme.

The UrGovPH suite will enable so-called Local Government Units (LGUs) as well as national agencies to digitize public services and verify businesses and individuals.

The suite will enable the automation of workflow operations for managing all social services, from civil registry to business registration and acceptance of digital payments, depending on the version. Via i2i, UBX’s banking platform as a service, digital transactions with local authorities are made possible, as is the automation of taxation.

LGUs will have access to government agencies and UBX private partnerships through the product suite.

More aspects of life will be covered and customer interaction and relations should improve. LGUs will use blockchain-based systems to list real estate, business assets, and environmental assets, combined with location mapping.

Via SeekCap, another part of the suite, businesses will have easier access to verified lenders and entrepreneurs will be able to find partner lenders. Citizen verification will also be automated, including liveness checks and pre-filling data from government credentials or databases connected to the system.

“As a critical government partner, UBX’s UrGovPH is helping the new administration usher the Philippines into a new digital era,” commented John Januszczak, President of UBX. “With open finance solutions powering e-governance, we believe we will be well on our way to achieving our shared goal of including 70% of Filipino adults in the country’s financial systems.”

The development fits into the Philippines’ ongoing mission to digitize the economy and society, including its digital identification system, PhilID, based on the open-source MOSIP platform. Printing delays for the PhilID could result in the credential being scanned.

President Ferdinand Marcos Jr. (also known as Bongbong Marcos) called for a unified approach to advancing digital services and providing reliable, robust data for informed decision-making. Marcos called for an acceleration of the digitization of government archives and the PhilID system.

“As a techglomerate, we also want to do our best to help our country modernize,” comments Sabin Aboitiz, President and CEO of Aboitiz Group.

According to the executive, technology should be used to improve several aspects of government, society, public systems, industries and institutions.

The company “aims to be the public’s partner of choice when it comes to modernizing and digitizing everything in order to grow our economy faster and better, and improve the lives of as many Filipinos as possible” .

Article topics

marital status | digital economy | digital identification | electronic government | government services | identity verification | KYB | KYC | Philippines | UBX

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