Bank Central Asia taps Avaloq to upgrade wealth management services
Bank Central Asia (BCA), one of Indonesia’s largest banks, has partnered up with Avaloq to migrate its wealth management system to Avaloq Core.
BCA partners Avaloq
The bank is looking to scale up its wealth management services and improve customer engagement, and has selected Avaloq’s tech to streamline its back and front-office functions for investment services.
Haryanto Budiman, BCA’s managing director, says Avaloq is “a suitable partner to help us achieve our long-term strategy to scale our wealth management services”.
Headquartered in Jakarta, BCA provides individual and business banking services and operates more than 1,000 branches across Indonesia. It currently boasts more than 33 million customer accounts.
Avaloq’s tech is proving to be a popular choice in Asia. In August, the Philippines’ UnionBank said it will implement the Avaloq Core platform to offer its clients access to wealth management services such as family wealth structuring, philanthropy, sustainability advice and professional succession planning.
Avaloq has also landed contracts with Taiwan’s Mega Bank, Cathay United Bank and Taipei Fubon Bank over the last year.
