The Avaloq group, provider of integrated and comprehensive banking solutions, and its implementation and sourcing partner, SOFGEN, today announced the opening of a joint software development support centre in Manila, Philippines. Building upon SOFGEN’s existing presence in the region, the facility is designed to support the two main development centres in Switzerland and the UK and will focus on standardised tasks such as testing, certification and development services, substantially reducing Total Cost of Ownership (TCO) for the entire Avaloq community.