I think we need to wait for a while first , I mean lets see the effect first and if people in crypto will take this as advantage or another threat because this will surely involving KYC in which many of us tries to deny passing if given a chance.
anyway I love this to come if ever and I am surely one to use this when that happened .
Maybe I'm wrong, I think the app would sync with the user's Unionbank account or use it for default fiat deposit storage. If you're an existing user, KYC will no longer be requested. Or if you're completely new, Unionbank will handle user registration.
This method is the same as my local forex platform.