DBS Wealth Management expands strategic partnership with Avaloq

The bank will build on Avaloq’s platform to refine client solutions and accelerate its technology-led growth plans

As part of its plans to engage and serve clients more effectively, DBS Wealth Management will tap on Avaloq’s platform to deliver enhanced levels of personalized service, advisory and solutions for clients. DBS Wealth Management, the wealth management arm of DBS Bank, first partnered Avaloq in 2009 and was among its first clients in the Asia-Pacific market.

The bank will also work with Avaloq on modernizing its technology architecture across tech stacks, application programming interface (API), microservices, open shift containerization and cloud-native applications etc. These endeavours are aimed at achieving greater agility and faster time-to-market for new products and services, as well as strengthening ecosystem partnerships by allowing easier integration with fintechs, start-ups and other stakeholders.

Sim S Lim, group head of Consumer Banking and Wealth Management, DBS Bank, says, “We have used Avaloq’s solutions for the delivery of our investment offerings for a decade, and are excited by the possibilities of this expanded partnership.”

Date

12 Dec 2019

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