Avaloq helps Taipei Fubon with technology platform

Wednesday 5 January 2022 10:45 CET | News

Taipei Fubon Bank has partnered with Avaloq to build an integrated technology platform for its private banking business.

Avaloq will initially build its core banking system for clients in Hong Kong and Singapore, with plans for it to be subsequently scaled up for clients in the onshore Taiwan business. According to Taipei Fubon, the Avaloq system was chosen due to both its effectiveness and ability to adhere to local regulatory requirements.

The platform will incorporate equities, currencies, dual currency investments and structured products, with Avaloq's customer relationship management, know-your-customer (KYC), regulatory compliance and product management modules part of the initial deployment.

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Keywords: online banking, digital banking, KYC, mobile banking
Categories: Banking & Fintech
Countries: Taiwan
This article is part of category

Banking & Fintech