How much do you know about UBX's partnership with PGA Sompo Insurance for Cyber...

Study Notes

UBX Philippines Corp. has partnered with global insurance company PGA Sompo Insurance Corp. to provide cyber insurance to its customers.
UBX will serve as the principal policyholder for its end-users who are covered by the group insurance.
The cyber insurance policy covers financial protection against electronic fund transfer fraud, identity theft, online retail fraud, purchase protection, and other cybersecurity-related threats.
The policy serves as an additional safety measure on top of the existing safety and security layers that UBX has deployed for its customers.
UBX operates three platforms: i2i, a banking-as-a-service platform; BUx, an end-to-end payment solutions platform; and Sentro, an online shop builder.
The cyber insurance covers all end-users of UBX’s verticals.
The partnership aims to strengthen UBX's customer protection mechanism.
Financial institutions in the Philippines are mandated by the Bangko Sentral ng Pilipinas to strengthen their policies on customer confidentiality and security.
UBX is committed to ensuring the safety of its users and their financial security.
The partnership guarantees peace of mind for UBX's customers in using its open finance platform.

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