December 11, 2019
Business

Union Bank Wins Top Prize in 2019 IDC DXa

By EDD K. USMAN, SDN, Twitter @edd1819, Instagram @bluestar0910, Facebook: SDN — Science, Digital & Current Affairs

(SDN) — UNION Bank of the Philippines (Union Bank) is the Digital Transformer for Philippines of the IDC Digital Transformation Awards (DXa) 2019.

That’s the top prize. Actually, Union Bank is a winner twice, as it also bagged the Operating Model Master plum.

IDC Philippines, Digital Transformer Awards 2019, DXa, Union Bank, IT
UNION BANK. For the IDC Digital Transformation Awards (DXa) 2019, the top prize — Digital Transformer of the Year for the Philippines — belongs to Union Bank of the Philippines, the winner. Union Bank also won a second award, the Operating Model Master . (Photo: IDC Philippines)

Along with the bank’s two prizes, there are other awards in the DXa 2019, such as Digital Disruptor, Angkas; Information Visionary, International Rice Research Institute (IRRI); Talent Accelerator, Philippine Airlines; Omni Experience Innovator, AIDE; and DX Leader, Maria Edita C. Elicano, Insular Life.

In an email that IDC Philippines sent to SDN — Science and Digital News, it was learned the DXa is now on its third year in the country.IDC blurb 2The DX Awards pays tribute to the “achievements of organizations that have successfully realized one or multiple areas of their businesses through the application of digital and disruptive technologies.”

Here are the winners, in no particular order:

DXa IRRI

International Rice Research Institute (IRRI), Information Visionary.

DXa leader

Insular Life’s Maria Edita C. Elicano, Digital Transformation Leader. 

DXa Omni

AIDE, Omni Experience Innovator.

DXa PAL

Philippines Airlines (PAL), Talent Accelerator.

 

DXa Angkas

Angkas, Digital Disruptor.

DXa PAL 2

Philippines Airlines (PAL), Operating Model Master.

DXa groupie

All the winners of the IDC Digital Transformation Awards 2019 Philippines.

IDC emphasized that all the winners across all the five digital transformation (DX) “masteries” all distinguished themselves for their discernible and measurable excellence in their DX efforts.

IDC Philippines Head of Operations Randy Roberts noted the depth of this year’s submissions for the various awards.

“In our third year of the Digital Transformation Awards in the Philippines, we are very excited to see very impressive progress in the depth and breadth of the submissions in 2019.

“We are beginning to see real momentum in the development of the digital culture, workforce, business models and ecosystem,” he said.

Roberts said the IDC’s latest survey conducted in the Philippines showed that 37 percent of enterprises put themselves at an advanced level of digital transformation.

Project i2i, catalyst for inclusive prosperity

He added the enterprises identified the biggest challenges they were facing in the pathway to progress as being the changing the company culture leading to transformation and earning top levels of leadership’s commitment.

“The number of industries represented in this year’s submissions, as well as the types of technologies being deployed in the solutions, is a clear indicator that the commitment to digital transformation is spreading quickly across small and large enterprises as they strive to embody the Future Enterprise,” he observed.

Union Bank won the top plum for its “UBX” which “ushers in the age of embedded banking in the Philippines, where banking services are woven into the very fabric of everyday life,” IDC Philippines noted.

Union Bank’s UBX implemented blockchain-based transaction and retail payments system dubbed Project i2i (island-to-island, institution-to-institution, and individual-to-individual).

Project i2i is geared towards serving “as a catalyst to inclusive prosperity for 35 million unbanked in the country by enabling different institutions, such as rural banks, cooperatives, and micro-finance institutions to be part of a bigger financial network.” (SDN)

All photographs supplied by IDC Philippines.

 

 

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