Union Bank of India has launched Metaverse Virtual Lounge & Open Banking Sandbox environment at an event held at Mumbai. Uni-verse, the Metaverse Virtual Lounge of the Bank, hosts Bank’s products information and Videos in the initial phase.
Uni-verse will deliver a unique experience of Banking to the Customers who can roam around the Lounge, get information of Bank’s Deposit, Loan, Govt.
Welfare Schemes, Digital initiatives etc. as if they are experiencing real world. This initiative is in partnership with Tech Mahindra.
Union Bank of India also launched Open Banking Sandbox environment through which it will collaborate with Fin Techs and Start-Up partners for developing and launching innovative Banking products.
Sandbox environment empowers Fin Techs and developers by providing a platform which will realize their ideas.
Union Bank of India is one of the largest government-owned banks of India.
The Bank offers products and services in three categories – Deposits, Loans and Advances, and Remittances & Collections.