Taiwanese monetary establishment CTBC Financial institution has chosen Avaloq to offer core banking software program for its worldwide banking operations.
The Swiss monetary providers software program agency will initially see its Avaloq Core answer rolled out throughout CTBC’s enterprise models in Hong Kong and Singapore.
CTBC is Taiwan’s largest personal financial institution by consolidated AUM and boasts greater than 116 branches throughout 14 nations – the most important worldwide presence of any Taiwanese financial institution.
Avaloq claims its digital banking options are utilized by 150 monetary establishments the world over.
It says the connection with CTBC will drive additional development for the agency within the Asia-Pacific market, constructing on its native presence with places of work in Singapore, Hong Kong, Manila, Pune and Sydney.
CTBC claims Avaloq Core will enable the financial institution to consolidate its wealth administration and retail banking choices whereas making certain banking resilience.
The financial institution’s govt VP Frank Shih provides the agency chosen Avaloq as they imagine it has the potential “to fulfill the necessities of our distinguished purchasers”.