The latest technology news in the wealth management sector from around the world.
Financial services software firm Avaloq firm has extended
services in mobile banking and relationship management to
Arab
Bank Switzerland.
Avaloq said that Arab Bank Switzerland will be first Swiss
bank to sign for a joint technology solution from Avaloq and
Aladdin Wealth™.
The arrangement between Arab Bank Switzerland and Avaloq dates
back to 2017, when Avaloq delivered a software-as-a-service
(SaaS) model for core banking combined with banking operations
outsourcing.
Assets under management of the Arab Bank Switzerland’s Group,
including Gonet, stood at almost SFr20 billion ($25.5 billion) at
year-end 2025.
As part of the renewed agreement, the bank will also roll out
Avaloq’s RM Workplace solution in the front office to streamline
client interactions and boost relationship manager
productivity.
In addition, through Avaloq’s partnership with BlackRock, Arab Bank
Switzerland will become the first Swiss bank to implement the
joint technology solution from Avaloq and Aladdin Wealth.
Aladdin Wealth is BlackRock’s proprietary technology platform for
wealth managers.
