Tag: Avaloq

Avaloq, a subsidiary of NEC Corporation, and BlackRock, through its Aladdin Wealth business, have formed a strategic partnership aimed at enhancing their investment technology solutions for wealth managers and private banks. As part of the strategic partnership, BlackRock is making a minority investment in Avaloq. This collaboration will enable wealth managers and private banks to enhance their operations throughout the entire client journey, encompassing onboarding, portfolio construction, client reporting and risk management. By combining Avaloq’s leading core banking, client relationship management and mobile banking services with the Aladdin Wealth platform’s robust risk analytics and portfolio management capabilities, the two firms ... Read more

Avaloq, a subsidiary of NEC Corporation, has successfully implemented its core banking system at Cathay United Bank to support the bank’s continued growth. The Avaloq Core Platform will cater to the increasing demand for private banking services by onshore Taiwanese high-net-worth individuals (HNWIs). This go-live marks a key milestone for Avaloq and the bank following a relaxation of Taiwan’s wealth management regulations in 2020, which has permitted select financial institutions to offer a broader range of financial products and services to domestic clients. The new rules aim to increase the competitiveness and scale of Taiwan’s private banking industry. Avaloq’s modern ... Read more