Union Bank of India announces to create a "Digital Bank within a Bank"

Daily Current Affairs / Union Bank of India announces to create a "Digital Bank within a Bank"

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Category : Business and economics Published on: April 08 2022

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Union Bank of India (UBI) has announced to create a "digital bank within a bank" as part of its future-ready digital transformation project.
Under the project, the public sector bank is planning to launch a super app, as per the bank’s regulatory filing.
Its upcoming Super App named “Union nxt – Do it Yourself”.
The USP of these Digital Journeys are Mobile First, Customer Centricity, enhanced operational efficiency, reduced TAT, minimal clicks, no Branch visits, etc.

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Union Bank of India announces to create a "Digital Bank within a Bank"