AI-Summary – News For Tomorrow
BTA Finance, a Dubai-based financial institution, is partnering with Avaloq to modernize its wealth and investment management operations. BTA will implement Avaloq’s cloud-hosted platform to upgrade its core infrastructure, front-office systems, and digital channels, aiming for faster onboarding and reduced manual processes. The platform’s integrated systems and compliance features will streamline operations and regulatory adherence. Avaloq’s open architecture allows for integration with third-party services, and BTA’s clients will benefit from Avaloq’s user-friendly web and mobile banking solutions. This partnership reflects BTA’s commitment to innovation and digital transformation within the wealth management space.
News summary provided by Gemini AI.
Dubai-based financial institution BTA Finance has collaborated with Avaloq to enhance its wealth and investment management operations.
As part of this new partnership, BTA Finance will deploy the cloud-hosted Avaloq platform to upgrade its core wealth infrastructure, front-office systems, and digital banking channels.
BTA Finance founder and strategist Humberto Coelho said: “Our partnership with Avaloq reflects our commitment to staying at the forefront of innovation in wealth and investment management.
The Avaloq platform will integrate BTA Finance’s front, middle, and back-office systems into a cohesive unit, promoting high straight-through processing (STP) to reduce manual interventions and speed up the onboarding process for high-net-worth clients.
With built-in compliance features, the platform will assist BTA in adhering to the regulatory standards within the wealth and investment management industry across various jurisdictions.
Additionally, Avaloq’s open architecture integration capabilities will enable BTA to connect with third-party services and applications through Community APIs.
Clients of BTA will also gain access to Avaloq’s user-friendly web and mobile banking solutions.
Avaloq Middle East & Africa head and regional director Akash Anand said: “We look forward to supporting BTA Finance as it digitally transforms its wealth and investment management operations.
Situated in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), BTA Finance caters to high-net-worth individuals, as well as corporate and institutional clients on a global scale.
“BTA Finance selects Avaloq to enhance wealth management operations” was originally created and published by Private Banker International, a GlobalData owned brand.
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