Union Bank SVP Baltao quits 3 years after revamping fintech unit EON

Union Bank senior vice president Paolo Eugenio Baltao has resigned from the Aboitiz-controlled bank effective 15 October 2020.

Baltao is leaving to “pursue other career opportunities”.

Baltao is head of Union Bank’s EON banking which was relaunched in 2017 as a new digital banking platform (deposit, consumer finance and payment options) where users log in through a selfie.

Baltao used to be the President of G-Xchange, Inc., a wholly-owned subsidiary of Globe Telecom which operates its m-commerce product, GCash.

Do Kwon arrest: what is a stablecoin?

“Stablecoins” shot to prominence after the creator of one such cryptocurrency, intended to be less volatile than competing coins, was arrested following the collapse of his TerraUSD firm, leaving investors $40 billion out of pocket.