BankingBusinessFinTech

Security Bank selects Avaloq to digitise wealth management business

  • 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.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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