Union Bank of India Wins Big at 20th edition of IBA Banking Technology Awards 2024
Mumbai – January 31, 2025: Union Bank of India has bagged 6 prestigious awards under Large Banks Category at the 20th edition of IBA Banking Technology Awards 2024 held on 24.01.2025 at Mumbai
Union Bank of India has been awarded as winner under following categories for Large Banks (Public & Private):
1. Best Technology Bank
2. Best Tech Talent & Organisation.
Union Bank of India has also bagged the runner up award in the categories-
1. Digital Sales, Payments & Engagement
2. IT Risk Management
3. Fintech & DPI Adoption
4. Financial Inclusion.
The awards recognised the Bank’s innovative methodologies aimed at enhancing customer convenience and driving continuous improvement. The achievements reaffirmed its commitment to becoming a next-generation, digitally advanced Bank focused on inclusive, responsive, and responsible banking through customer-centric and employee-empowered initiatives.
The Bank has outlined a strategic focus on creating an industry- leading talent pool, leveraging advanced technologies and innovative solutions to enhance customer experiences and expand its reach.
Union Bank of India’s digital transformation journey is set to significantly strengthen its position in the booming digital business landscape and help establish a robust digital ecosystem. The bank is actively exploring innovative solutions, partnerships with fintech’s, and emerging technologies such as AI/ML, 5G, and blockchain to accelerate its digital evolution.
