FinTech Magazine - November 2021 | Page 37

UNIONBANK
Coming from a telco background , his skills were well-honed and he was surprised when he realised such systems were not present yet in the banking industry .
He explains , “ The biggest innovation that I was able to bring to the banking industry was the use of an enterprise architecture that is standard and internationally accepted . It ' s called the Banking Industry Architectural Network . It was quite a surprise for me because I thought banks being highly regulated and standardsbased , would already have the discipline locked in . But apparently , they hadn ’ t come across such a discipline .

“ The biggest innovation that I was able to bring to the banking industry was the use of an enterprise architecture , that is standard and internationally accepted ”

HENRY AGUDA CTOO AND CTO , UNIONBANK
“ So in joining the bank , while I was learning banking , I was also teaching my colleagues how a bank can be architected , such that it follows a digital template adopted worldwide .”
From there , Aguda orchestrated a technological revolution within the bank , shifting it to technologically innovative systems including AI and robotic process automation , among others . Recently there were also discussions on the metaverse and how UnionBank can use its architecture to explore ways of serving people in Web 3.0 . Ultimately , says Aguda , the success of the transformation has been down to the willingness of executives to embrace technology and trust in the new direction .
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