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Union Bank of India Partners with IBM India

Published on July 27, 2023
Current Context: Union Bank of India, one of the leading public sector banks in the country, has partnered with IBM India, a renowned technology system integrator, to co-create a state-of-the-art Digital Business Platform.
Union Bank of India Partners with IBM India
  • This landmark collaboration aims to establish a Digital Bank, equipped with cutting-edge capabilities that focus on omni-channel experiences, data-driven hyper-personalization, and an extensive financial services superstore designed for seamless cross-selling and upselling.
  • The Digital Business Platform will also facilitate full digital journeys, providing customers with unparalleled convenience and efficiency. Furthermore, the bank will embrace Open Banking capabilities, allowing for seamless integration of services across multiple partnerships.
  • The partnership was announced on Tuesday, July 25, 2023 by Ms. Manimekhalai, Managing Director and CEO of Union Bank of India, and Ms. Lula Mohanty, IBM Managing Partner.
  • The partnership between Union Bank of India and IBM India is expected to usher in a new era of banking in India, where customers can enjoy innovative products and unparalleled banking experiences.

Question:

Q.1 What is the name of the state-of-the-art platform that Union Bank of India and IBM India are co-creating?
a. Digital Banking Platform
b. Digital Transformation Platform
c. Digital Business Platform
d. Digital Innovation Platform
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