The majority of wealth managers in Asia believe the technology they are using for work is outdated, new research has revealed. 56% of wealth professionals in Asia find the technology they use to be outdated, rising to 63% in Hong Kong and 59% in Singapore, according to an industry survey by wealth tech firm Avaloq. This number stands at just 37% […]

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Indonesia’s Bank Central Asia (BCA) has partnered with core banking software provider Avaloq to upgrade its wealth management technology and improve client engagement, according to a statement on Thursday. The bank plans to migrate its wealth management systems to Avaloq Core, a digital platform with core banking operations that supports more than US$4 tn in assets. “Our core banking software […]

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Online trading of structured products is on the digital upgrade agenda of both HSBC Global Private Banking and UBS Global Wealth Management in 2022. For HSBC GPB, the capability is going live in a few weeks’ time, said John Plester, the bank’s regional head of transformation and innovation, Asia, in a webinar hosted by Asian Private Banker on Wednesday. Titled […]

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Avaloq’s acquisition by NEC in late 2020 has not changed its business strategy of “following clients onshore” in Asia, said Pascal Wengi, managing director, North Asia for Avaloq. In the first year after the Swiss fintech was bought by the Japanese tech corporation, Avaloq made progress in expanding its client network in the region: Haitong International adopted Avaloq Wealth’s specialised […]

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Taipei Fubon Bank is partnering with Avaloq to build a wealth management platform for the Taiwan lender’s private banking business in Hong Kong, Singapore and onshore Taiwan. The platform will focus on key features in wealth management technology, including customer relationship management (CRM), know your customer (KYC), regulatory compliance and product management. In addition, it will incorporate a broad range […]

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Taiwan’s CTBC Bank has struck a deal with Avaloq to adopt its core banking solution, starting with an implementation at its offices in Hong Kong and Singapore. According to a press release by Avaloq, CTBC will implement Avaloq’s core banking suite internationally, in a bid to upgrade the bank’s private banking platform. The decision to choose the Swiss fintech firm […]

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Hong Kong’s wealthy investors may be residing in a leading international financial centre, but they are least engaged with financial advisors and wealth planners compared to their counterparts in ten major financial markets in Europe and Asia. Core banking software provider Avaloq last week published research on Why do people invest?. It shows that only 8% of the surveyed Hong […]

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Over the coming months, Haitong International is to implement Avaloq Wealth’s specialised solutions for its Private Wealth Management operations in Hong Kong and Singapore, according to a press release from Avaloq. Launched in July 2020, the Avaloq Wealth platform aims to help banks and wealth managers to provide personalised investment advice and bespoke services to clients in a more timely […]

The post Haitong International uses Avaloq Wealth to accelerate PWM digitalisation appeared first on Asian Private Banker.

Avaloq’s APAC head has resigned, Asian Private Banker has learned. The firm has now announced two APAC promotions. Imad Abou Haider, general manager, head of Asia Pacific, has left Avaloq to pursue new ventures, a spokesperson for Avaloq has confirmed. Haider joined the firm in August 2019. He headed Avaloq’s Asia business, providing core banking platforms and SaaS and BPaaS […]

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