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Taiwan Private Bank Implements Avaloq Core Platform

Editorial Staff

28 June 2024

Taiwan-based said in a statement yesterday. 

“Our new core platform supports us in further expanding our private banking offering and streamlining operations while ensuring compliance with regulations across different markets,” Freddie Chen, head of international private banking at CTBC Bank, said.

Headquartered in Switzerland, Avaloq is a subsidiary of Japan’s NEC.

Research from Avaloq, issued in February and based on findings from several jurisdictions around the world, found that most wealth managers are either dissatisfied with or indifferent to their technology systems, viewing them as outdated, not suited to their needs and difficult to use.