29 November 2010
DBS Private Bank Singapore goes live with the Avaloq Banking System
DBS has continued to strengthen its Private Bank offering in Singapore with the implementation of the Avaloq Banking System on 1 software. DBS Private Bank in Hong Kong implemented Avaloq in mid 2009 to service clients in North Asia. This recent implementation in Singapore completes the deployment for the bank’s clients in South Asia. It represents a great success both for the bank and for Avaloq: while Avaloq was able to develop its most important purely Asian client, the Avaloq Banking System will enable DBS to continue to grow its wealth management business.
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