Security Bank has formed a new partnership with Avaloq, which provides technology and software for managing wealth. The bank plans to use Avaloq’s Relationship Manager (RM) Workplace solution to make its wealth management business more digital and efficient. This partnership will help the bank improve its customer service and streamline its operations.
This new wealth management platform will help manage the assets of their high-net-worth and affluent clients. It uses advanced technology to automate and standardize workflows, enabling the bank to provide more personalized investment advisory services and products.
With this new platform, the bank can process payments, securities, and funds more accurately and efficiently. This allows the bank to focus more on providing personalized services, creating innovative offerings, and expanding into new markets and client segments.
Security Bank is a top private bank in the Philippines that offers a wide range of financial services, including financing, leasing, foreign exchange, stock brokerage, investment banking, and asset management. In 2017, they started their Wealth Management business, which has grown significantly. They have expanded their client base and increased their wealth management assets under management at an impressive rate. As a result of their achievements, they have been recognized as the Best for HNWs (high net worth) in the country for three years in a row by Asiamoney.
“The bank’s strategic partnership with Avaloq will strengthen our wealth management capabilities even further. We continue to innovate our financial markets products to meet the evolving needs of our clients. With this acute focus to deliver tailored solutions and distinct BetterBanking service, we’re confident our new platform will attract incremental investment AUM and help deepen customer relationships with our bank,” said Arnold Bengco, Financial Markets Head at Security Bank.
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