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.
Previous article
ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more
Next article
StarCoder 2 is a code-generating AI that runs on most GPUs
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.

You May Also Like

FinTech

Mastercard Strengthens Payments Network with Agentic Transaction in Hong Kong

The innovative transaction marks a significant step in digital payments.Highlights: Mastercard successfully conducts an agentic transaction in Hong...
FinTech

OpenFX Raises $94M to Accelerate Growth in Fintech

The funding round aims to enhance OpenFX's innovative trading solutions.Highlights: OpenFX secures $94 million in funding.The investment will...
FinTech

Keyrock Strengthens Crypto Investment with $1.1 Billion Valuation

The crypto investment firm achieves a significant valuation milestone.Highlights: Keyrock hits a $1.1 billion valuation.Company focuses on crypto...
FinTech

Keyrock Strengthens Position with $1.1 Billion Valuation

Crypto investment specialist Keyrock secures significant market valuation boost.Highlights: Keyrock achieves a $1.1 billion valuation.Funding round aims to...