News Snapshot:
Avaloq has successfully implemented its core banking system with Cathay United Bank to help support the latter’s continued growth. According to Avaloq, its Core Platform product will cater to the increasing demand for private banking services by onshore Taiwanese high-net-worth individuals. The company added that the new rules aim to increase the competitiveness and scale of Taiwan’s private banking industry. Avaloq noted that its ‘modern and flexible’ core banking system covers a comprehensive set of financial products from securities and ETFs to forex and lending, while ensuring regulatory compliance across multiple jurisdictions through a single application. Avaloq managing director for...
