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Union Bank

Union Bank - Commercial Banking - "Global"

MUFG Union Bank to Acquire Supply Chain Finance Platform from GE Capital - News

MUFG Americas Holdings Corporation (MUAH) and GE Capital announced the signing of an agreement where MUFG Union Bank, N.A., a subsidiary of MUAH, will acquire Trade Payable Services (TPS), a leading supply chain finance platform, from GE Capital. Terms of the transaction were not disclosed.

MUAH is the U.S. intermediate holding company of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world's leading financial institutions with a global network of over 1,800 locations in more than 50 countries.

Following the close of the proposed transaction, MUFG Union Bank will assume management control of the systems and processes supporting the supply chain finance activities that GE Capital performs for GE (GE).  

"The acquisition of this world-class platform accelerates MUFG's growth trajectory in supply chain finance and broadens our presence in this business," said Kevin Cronin, MUFG's Head of North America Wholesale and Investment Banking. "TPS' scale and functionality, combined with the outstanding product and coverage capabilities of our supply chain finance team, give MUFG a distinct competitive advantage in this high-growth segment.

UnionBank Launches First Fully Digital Branch in the Philippines

RESTON, Va. and SYDNEY, Australia , Jan. 15, 2019 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) announces that UnionBank of the Philippines used the Appian Platform to launch its first fully digital branch. The branch, called The Ark, completely transforms the customer experience, making that experience entirely digital, including internet-connected self-service kiosks and virtual reality boxes.

Unlike traditional bank branches, The Ark has done away with rows of tellers and long queues, and gone completely paperless. Customers now go to one of the self-service iPad stands stationed around the bank, where they can type in their request, significantly reducing time previously spent waiting in queues for service.

“The Ark is an award-winning digital branch that provides a modern experience for our clients within a traditional brick and mortar store,” said Anna Maria Aboitiz Delgado, Head for Consumer Finance, Chief Customer Experience Officer & Senior VP at UnionBank of the Philippines. “Designed more like a business lounge than a typical bank, this is a ‘first of its kind’ in the Philippines, and an embodiment of digital transformation in the banking industry.” 

How long does it take for union bank to deposit a check?

I'm trying to deposit a check into my checking account at union bank and it is taking forever to show up in my account. I walked into their bank and deposited at the teller, so it is none of this online banking stuff.

It show up right away. The funds may not be available immediately, but the transaction should definitely show up. Better give them a call! They will also be able to tell you exactly when the funds will be available.