“Can a licensed digital bank leverage AI and credit decisioning to bring the ~70% underbanked Filipino population into formal financial services?”
UNO Digital Bank was launched by Singapore-based UNOAsia (formerly DigiBankAsia) as the first fintech in South East & South Asia to receive an outright digital banking license. Founded to serve the underbanked Filipino market where ~70% lack bank accounts, it went live in H2 2022 after receiving a BSP license. The company differentiates via AI-powered features (facial recognition, voice ID, tailored credit) and PDIC-insured deposits.
UnoBank discloses UNObank, Inc. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
UnoBank does not disclose a bank charter of its own; its banking services are provided through UNObank, Inc. (in-house).
UnoBank's lending and capital products are provided by UNObank, Inc. (in-house).
The Embedded Finance Index 2026 maps 2 layers in UnoBank's stack: Banking / BaaS (UNObank, Inc. (in-house)); Lending (UNObank, Inc. (in-house) and Tailored consumer credit options).
UnoBank was founded by Manish Bhai and is founded in 2021, headquartered in Singapore (operations in Philippines).
UnoBank has raised ~$75M in total (latest round: Pre-Series B, 2024 ($32.1M)).
Get a read on where your own stack stands against UnoBank and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.