02 Jun 2020
Avaloq named Best Outsourcing Solution in the Asia-Pacific wealth management sector

Avaloq has won the Best Outsourcing Solution and Best Transaction Processing awards at the WealthBriefing Asia Awards 2020. The awards programme, now in its eighth year, recognises companies, teams and individuals at the forefront of the wealth management sector in the dynamic Asia-Pacific region.

The wins underscore the continued strong growth of Avaloq in the Asia-Pacific market. In May this year it announced the Bank of the Philippine Islands as a new Software as a Service (SaaS) client. In November 2019, it won the tender to manage Bank Mandiri’s wealth management business in Indonesia, while in the same month, Maybank Group went live with the Avaloq Banking Suite to serve its Premier clients in Singapore. Other regional clients include DBS Bank and Kasikorn Bank in South East Asia, and Agricultural Bank of China, China Industrial Bank and China CITIC Bank International in North Asia.

Winners at the WealthBriefing Asia Awards 2020 were judged by two panels of experts and selected as the firms demonstrating the highest levels of innovation, performance and technology excellence in 2020.

Imad Abou Haidar, Avaloq’s Head of Asia, said: “We are delighted that our innovative, truly market-leading solutions have been once again recognised by WealthBriefing, a leading authority in wealth management. Innovation is at the core of our services and these awards are a true testament to the dedication and commitment of our team and the development of industry-leading digital banking and core banking platforms in the Asia-Pacific market.”

Avaloq’s market-leading core banking and SaaS as well as Business Process as a Service (BPaaS) solutions were also recognized by WealthBriefing last year at its European and Swiss awards.