- Security Bank, based in the Philippines, has partnered with Swiss banking software provider Avaloq to digitize its wealth management business.
- The bank will use the Avaloq Core platform to offer bespoke investment advisory services and products to high-net-worth and affluent clients.
- Avaloq’s Relationship Manager (RM) Workplace solution will be applied to the front office to enhance productivity and client insight for relationship managers, expanding the offering into tailored investment advisory services.
- Security Bank aims to attract incremental investment assets under management (AUM) and deepen customer relationships through the partnership.
- The move follows the bank’s deal with ACI Worldwide in March 2023 to modernize its payments infrastructure.
