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

Change Language English Hindi

Category : Business and economics Published on: July 12 2022

Share on facebook
  • 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.
Recent Post's
  • LIC launched MyLIC and Super Sales Saathi apps to provide seamless digital services for customers and agents.

    Read More....
  • Rajya Sabha Election Harivansh became the first nominated member to be re-elected unopposed as Rajya Sabha Deputy Chairman for a third term.

    Read More....
  • Chhattisgarh UCC Chhattisgarh approved a high-level committee to draft a framework for implementing the Uniform Civil Code in the state.

    Read More....
  • India’s Economy Ranking India became the world's 6th largest economy in 2025 with a GDP of $4.15 trillion, according to IMF data.

    Read More....
  • The Asian Development Bank raised India’s GDP growth forecast for FY27 to 6.9% citing strong domestic demand.

    Read More....
  • World Hemophilia Day 2026 was observed on April 17 with the theme “Diagnosis: First Step to Care.”

    Read More....
  • Punjab Police partnered with IIT Ropar to develop an AI-based system for real-time crime tracking and data analysis.

    Read More....
  • The Philippines joined the US-led “Pax Silica” initiative to secure global semiconductor supply chains and build an industrial hub.

    Read More....
  • PM Narendra Modi will chair India’s first high-level conference dedicated exclusively to the Central Armed Police Forces.

    Read More....
  • The Supreme Court ruled that dowry givers who are victims of harassment cannot be prosecuted under the Dowry Prohibition Act.

    Read More....