Union Bank of India Launches MetaVerse Lounge & Open Banking Sandbox Environment

Union Bank of India Launches MetaVerse Lounge & Open Banking Sandbox Environment

Daily Current Affairs / Union Bank of India Launches MetaVerse Lounge & Open Banking Sandbox Environment

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Category : Business and economics Published on: July 12 2022

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Union Bank of India has announced the launch of a Metaverse Virtual Lounge & Open Banking Sandbox environment.
This initiative is in partnership with Tech Mahindra.
Uni-verse, the Metaverse Virtual Lounge of the Bank, hosts Bank’s products information and Videos in the initial phase.
Uni-verse will deliver a unique experience of Banking to the Customers who can roam around the Lounge, get information of Bank’s Deposit, Loan, Govt. Welfare Schemes, Digital initiatives etc. as if they are experiencing real world.
The bank has also launched an Open Banking Sandbox environment through which it will collaborate with fin-techs and start-up partners for developing and launching innovative banking products.

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