Avaloq signs its first Taiwan-based commercial bank client

By Edil Corneille

Swiss-based Avaloq has entered into an agreement with a Taiwanese bank which encompasses the implementation of Avaloq’s wealth management software across the bank’s private banking division in Taiwan, Hong Kong and Singapore.

Avaloq has mentioned that its new client is one of Taiwan’s largest commercial banks with more than 150 branches throughout the country. Besides its home market, the bank also offers private banking services in Hong Kong and Singapore.

The new client is aiming to implement Avaloq’s wealth management solution in Singapore, Taiwan and Hong Kong. The solution will enable the bank to grow its private banking business in different locations as it is said to be robust and scalable for digital banking.

This latest client win is said to underline Avaloq’s strong momentum in the Asia-Pacific market. A couple of months ago, the company announced the Bank of the Philippine Islands as a new Software as a Service (SaaS) client, following several new regional clients and successful go-lives in previous years.

Imad Abou Haidar, Avaloq’s Head of Asia enthused, “We are absolutely delighted to welcome the first Taiwanese client to the Avaloq Community. It is a privilege to enter this sophisticated market with such a strong and well-established partner on the ground. Our own local presence in Singapore, Hong Kong and Manila will help us to provide the bank and its clients throughout the region with an outstanding digital user and customer experience.”

Founded in 1985, Avaloq is a provider of digital banking solutions, core banking software and wealth management technology. The company provides cloud computing solutions for banks and wealth managers through business process as a service and software as a service.