CURRENT AFFAIRS

Detailed explanation-1: -Union Bank of India has created “Uni-Verse” virtual Lounge where customers can choose their Avatar to enter into the Lounge. The customers can explore than virtual lounge which is interactive for users and will be able to browse through various schemes and products of the bank.

Detailed explanation-2: -Startup Zelf – which calls itself the “bank of the metaverse” – offers regulated services for transferring money between virtual worlds and the real world, as well as trading valuable in-game items between players.

Detailed explanation-3: -A Manimekhalai, MD and CEO of Union Bank of India said that initiatives affirm the bank’s adoption of the latest technologies including Metaverse which transforms Customer’s Banking experience to another level.

Detailed explanation-4: -ai’s ‘Kiyaverse’ platform will empower banks with their own metaverse that provides a highly personalised experience to their customers by allowing banks to use cutting-edge technology with a human touch which will significantly deepen and personalize customer interaction.

Detailed explanation-5: -Union Bank of India has announced the launch of a Metaverse Virtual Lounge & Open Banking Sandbox environment. This initiative is in partnership with Tech Mahindra. Uni-verse, the bank’s Metaverse Virtual Lounge, will host product information and videos in the initial phase.