October 7, 2022

UnionBank in the Philippines has tapped Avaloq for its core banking technology as it looks to boost the digital transformation of its wealth management business.
UnionBank will implement the Avaloq Core Platform
The firm will implement the Avaloq Core Platform to offer its clients access to wealth management services such as family wealth structuring, philanthropy, sustainability advice and professional succession planning.
Avaloq says its tech will offer automation and standardisation of front, middle and back-office functions, including client relationship management, compliance and payment processing.
UnionBank will also be able to provide an upgraded retail offering with investment and insurance brokerage following its recent acquisition of Citi’s Philippine Consumer Business.
“We opted for Avaloq’s core banking platform as it offers the most efficient and comprehensive features to cover our wealth management needs,” says Jose Emmanuel Hilado, SEVP and treasurer and centre head – global markets group at UnionBank.
He adds the partnership will enable UnionBank to “compete not only locally but globally”, with Gery Dachlan, managing director South Asia and Australia at Avaloq, adding that his company’s tech is designed to “scale and expand wealth management businesses internationally”.
It is understood the new solution will replace the legacy Prospero system from another Swiss wealth management tech supplier Finartis (formerly Sage).
Good
-or-
Log in with your FinTech Futures account
Alternatively, post a comment by completing the form below:
Your email address will not be published. Required fields are marked *








Join us to hear our Guest speakers Phillip Wood and Paul Hindle Discuss how post-pandemic market dynamics are drivi… twitter.com/i/web/status/1…
Webinar: Mitigating fraud and risk on the ACH network Sign up to join our free webinar to hear experts from… twitter.com/i/web/status/1…
.@RBankCorp picks @BPC_SmartVista for #paytech revamp and financial inclusion drive Robinsons Bank (RBank) in the… twitter.com/i/web/status/1…
Customer experience management platform Boomtown rebrands as @ovationcxm, raises $20m OvationCXM (previously Boomt… twitter.com/i/web/status/1…
. @GoldmanSachs and @ModernTreasury partner for embedded payments initiative 🤝 Modern Treasury and Goldman Sachs T… twitter.com/i/web/status/1…
💡ICYMI fintech funding round-up: @kippa_africa , @payallps, Trek Health and more Our weekly fintech round-up for y… twitter.com/i/web/status/1…
🌍 Europe fintech funding round-up: @ClaimerApp, @freetrade, @InvestSuite, @ruleguard This week’s handy Friday fun… twitter.com/i/web/status/1…
.@RBankCorp picks @BPC_SmartVista for #paytech revamp and financial inclusion drive Robinsons Bank (RBank) in the… twitter.com/i/web/status/1…
Receive updates straight to your inbox each day
Free digital edition!
Useful, interesting, engaging – brought to you by the FinTech Futures editorial team and subject matter experts
Find a job or post a vacancy

source

Leave a Reply