Bank Central Asia (BCA), one of Indonesia’s largest banks, plans to migrate its wealth management system to Avaloq Core, streamlining its back- and front-office functions.
BCA is one of the key players in Indonesia’s banking sector, operating more than 1,000 branch offices throughout the country. The bank is scaling up its wealth management services by upgrading its wealth management system and improving client engagement. To realize this goal, BCA has entered into an agreement with Avaloq to enhance its back-office operations and front-office interface for investment services.
Bank Central Asia’s Managing Director Haryanto T. Budiman said, “We believe Avaloq is a leading company on the subject and, therefore, a suitable partner to help us achieve our long-term strategy to scale our wealth management services with a unified platform. We are focusing on banking technology development and look forward to continuing our digital journey with Avaloq.”
Gery Dachlan, Managing Director for South Asia & Australia at Avaloq, said, “We are delighted to welcome BCA to the Avaloq community. Our core banking software is designed to help banks and wealth managers digitalize and future-proof their business with a highly flexible platform. The Avaloq Core Platform will create a state-of-the-art user experience for BCA’s wealth management business by streamlining its back and front-office functions.”
Jakarta-based Bank Negara Indonesia (BNI) is migrating to the Avaloq Core Platform to support the success of its Wealth Management Division. Avaloq will enable the bank to digitalize key business processes and meet the needs of the country’s growing wealth management and private banking clients.
UnionBank continues the digital transformation of its wealth management business with the Avaloq Core Platform. This will help the bank to stay ahead of the technology curve as the financial industry continues to digitalize in the pursuit of greater efficiency and innovation.
Deutsche Apotheker- und Ärztebank (apoBank), a German cooperative bank for pharmacists and physicians, is further expanding its long-term collaboration with Avaloq, a leading provider of digital banking solutions.
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