Avaloq’s new client, CTBC Bank, is Taiwan’s largest private bank in terms of consolidated assets under management, with a proud history in the region.
CTBC Bank has the most extensive international presence of any Taiwanese bank, with over 116 overseas branches in 14 countries. The bank has a solid base to support regional businesses, providing international businesses with comprehensive transnational financial services.
CTBC Bank selected Avaloq Core because of its comprehensive product coverage, strong direct processing capabilities, and hardware-backed security policies that ensure bank resilience. As CTBC Bank operates in multiple Asian markets, Avaloq Core will also provide the bank with the ability to consolidate its wealth management, retail banking and other offerings into a single secure space, thus boosting efficiency. operationalization of the bank in the region.
More than 150 financial institutions around the world, managing approximately $ 5,000 billion in assets, rely on Avaloq’s award-winning digital banking solutions. This latest client gain underscores Avaloq’s strong growth momentum in the Asia-Pacific market, relying on its strong local presence with offices in Singapore, Hong Kong, Manila, Pune and Sydney.
Pascal Wengi, Managing Director North Asia at Avaloq, said: “We are delighted to partner with one of Taiwan’s leading banking institutions and welcome CTBC Bank to our growing Avaloq community. CTBC Bank continues to lead the digitalization industry, leveraging the new capabilities of fintech to drive innovation and create engaging new digital experiences. As Avaloq continues to expand its presence in North Asia, our collaboration with CTBC Bank will be vital to our future growth. “
Frank Shih, Executive Vice President of CTBC Bank, said: “We chose Avaloq Core because we were impressed with the flexibility and ability of the product to meet the demands of our distinguished customers. The simplicity and fluidity of the platform will also help us in our day-to-day operations, helping us to improve and deliver quality private banking services. We look forward to working with Avaloq as we consolidate and upgrade our international business on the Avaloq Core platform. ”