Bahamas-based Capital Union Bank has chosen Avaloq’s Web Banking solution to power its new online banking platform. The bank aims to provide enhanced control over assets for its clients and improve its core banking capabilities through the partnership with Avaloq.
Facts
- Capital Union Bank has selected Avaloq’s Web Banking solution for its new online banking platform.
- The bank’s online banking platform offers an intuitive interface, real-time portfolio overviews, and frequent communication between relationship managers and clients for faster approvals.
- The platform also provides customizable dashboards and over 100 self-service features, including document management and digital signatures.
- Avaloq’s Web Banking solution enables clients to have greater control over their assets.
- Capital Union Bank has been using the Avaloq Core Platform since 2014 and has renewed the partnership to enhance its core banking capabilities.
- The bank plans to integrate dedicated modules for highly automated compliance processes, including KYC checks, and support for complex investment products such as over-the-counter forex and digital assets.
- Avaloq’s Banking Operations offering handles the bank’s back-office processes, achieving high service accuracy for payments, securities, and fund processing with straight-through processing rates of up to 99%.
