Patrick Enjalbal, Managing Director of VP Buyer Success Asia Pacific, said: “With the recent launch of APAC headquarters in Singapore, we can ensure that we continue to deliver our services. best service for UnionBank and other customers in the region. at Metaco.
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On Thursday, Metaco, an enterprise cryptocurrency platform for the security, trading, issuance and management of digital assets, announced the addition of UnionBank as its newest client. Founded in 1982, UnionBank is one of the largest banks in the Philippines, with $15 billion in assets under management. UnionBank will also deploy its digital asset management services on the IBM Cloud, fully integrated with Metaco solutions.
Through the integration, UnionBank will be able to improve the insurance coverage of assets with FIPS 140-2 Level 4 certified controls for key management and migration. FIPS 140-2 is the highest level of the US government’s computer security standard. In addition to detecting and responding to any unauthorized physical access attempts, the protocol also protects against environmental factors that lead to data loss or leakage.
At the same time, Metaco’s solutions enable use cases for financial institutions, such as trading, cryptography, smart contract management, and participation in decentralized finance. Henry Aguda, UnionBank Senior Executive Vice President, Chief Technology & Operations Officer, and Head of Transformation, released the following statement about the development:
We have a passion for meaningful and sustainable creation. We value our strategic partners, like METACO, and work with them in a meaningful alliance in pursuit of a common vision. And for UnionBank, that shared vision is customer-centric driven by emerging technologies and innovations.
Last year, Metaco partnered with IBM Cloud to implement its digital asset management system on top of it. Founded nearly eight years ago in Switzerland, Metaco previously closed its $17 million Collection A funding at the end of 2020.